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

The Cost and Benefits of Solar in Laurel

For many people, the decision of which solar company to go with depends on how much it'll cost. Some important things that influence the cost and possible savings include:

• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Your household's power bills: Based on the high monthly electric bills in Laurel, you could save about $860 a year with solar.
• Energy consumption: Installing solar panels may be too steep of an option for households that don't consume a lot of energy each month.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Though a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, including the kind of solar panels you get and your current power bills.

Solar Incentives in Laurel

Because solar power is a cleaner source of energy than burning fossil fuels, there are quite a few government incentives available to encourage people to make the switch. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. Our article on solar incentives goes over more detailed information on the incentives you can find in Laurel.

Environmental Impact of Switching to Solar in Laurel

One of the best reasons to tap into solar power is to cut your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. But how much can using solar energy instead of traditional energy actually help the environment? If your family uses lots of energy, you can help the environment even more by switching to solar power. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. If you care about the environment, you'll most likely find that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.