18 Best Solar Companies in Hyattsville, MD (Feb 2023 Review)

The Cost and Benefits of Solar in Hyattsville

For lots of homeowners, whether or not to invest in a solar energy system depends the most on the cost. A few key factors that determine how much it will cost to install solar panels on your home and how much it could save you over time include:

• Average daily sunlight: Since Hyattsville gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much you can save on your energy bills.
• Incentives: Those who purchase and install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $16,000 on your energy bills over 20 years excluding incentives.
• The kind of solar panels you're planning on getting: Higher-efficiency panels have higher prices, so that will determine your budget for your solar project.
• Your power bills: This will dictate how much you can save. In Hyattsville, the average homeowner can save about $900 a year on their electricity bills.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, including the amount of daily direct sunlight available and incentives.

Solar Incentives in Hyattsville

If you're considering switching to solar energy, various government incentives and state programs can drastically lower the cost of the project and expedite the return on your investment. In addition to the federal solar investment tax credit, there are also some local programs, which in most cases, stack with the federal incentive, so you get to save even more. Our article on solar incentives has more in-depth information on the incentives you can find in Hyattsville.

Environmental Impact of Switching to Solar in Hyattsville

Going solar can have a positive impact on the environment. But you may be wondering — how much exactly can you help the planet by going solar? One thing to keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. After you go solar, your carbon dioxide emissions can be cut by about 60 pounds every year. Since solar power is plentiful and generates electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help the planet.