13 Best Solar Companies in Largo, MD (Mar 2023 Review)

The Cost and Benefits of Solar in Largo

We get that for most homeowners, the choice to invest in solar hinges on installation costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The type and model of solar panels you want: Higher-efficiency panels have higher prices, so that will influence your budget for your solar project.
• How much energy costs for you: The average family in Largo spends around $880 a year on power alone, so you could end up with that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $15,000 over the first 20 years with your solar panels, too.
• Average daily sunlight: Since Largo gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much you can save on your energy bills.

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, like the kind of solar panels you get and your current power bills.

Solar Incentives in Largo

Although a solar power system is typically a large investment, it can save you a considerable amount of money over the lifespan of your solar panels due to smaller power bills and government incentives. These incentives typically include cash rebates, tax breaks and/or performance-based incentives. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% depending on where you live. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Largo

Installing solar panels can have a positive effect on the environment. But — how much exactly can you help the environment by going solar? The average person has a considerable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions every year, and energy for their home, it can be overwhelming to figure out what to do. Installing solar panels is a simple thing you can do to help. Since 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 reduce your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other rewards outside of saving money. One of the most important ones is that you can help save the Earth too.