11 Best Solar Companies in Lanham, MD (Mar 2023 Review)

The Cost and Benefits of Solar in Lanham

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your panels. Some important factors that determine how much it will cost to install solar panels on your home and how much it could save you over time are:

• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $15,000 on your energy bills over 20 years not including incentives.
• The cost of energy for you: If your local electricity rates are high, there's a good chance you'll see a higher return on your investment in solar panels. In Lanham, you can save an average of $73 a month on your electricity bills.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Energy consumption: Solar may be a high-cost option for homes that don't consume too much energy per month.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, like the angle of your roof and your current power bills.

Solar Incentives in Lanham

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. These incentives usually consist of cash rebates, tax credits and/or performance-based incentives. They can cut how much you pay for going solar by 30%, upwards of 50% depending on your location. Our article on solar incentives has more information on the incentives you can benefit from in Lanham.

Environmental Impact of Switching to Solar in Lanham

If you're considering adding solar panels to your home, one of the primary reasons why may be to reduce your carbon footprint. But how much can switching to solar actually help the environment? In a city like Lanham where energy use is rather high, switching to solar energy is a great plan for those who are worried about the state of the planet. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. As you can see, investing in solar has so many other benefits outside of saving money. One of the major ones is that you can help save the Earth too.