15 Best Solar Companies in Marlton, MD (2023 Reviews)

The Cost and Benefits of Solar in Marlton

The cost of installing solar panels has decreased immensely in the past few years, but it's still a large investment for most homeowners. A few important factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time include:

• How much you spend on energy: If your local energy rates are high, there's a good chance you'll have a higher return on your investment in solar panels. In Marlton, you can save an average of $71 a month on your electricity bills.
• The type of solar panels you're planning on getting: More efficient panels cost more, so that will influence your budget for your solar project.
• Incentives: Those who buy and install a solar energy system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $15,000 on your electricity bills over 20 years excluding incentives.
• Typical energy usage: The more power your household consumes on average and the greater your current power bills are, the more likely you'll benefit from making the switch to solar.

Solar is a worthwhile investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and make use of solar incentives, all while helping preserve the Earth.

Solar Incentives in Marlton

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economical and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Marlton

There are a few big reasons why homeowners are interested in solar energy: to put more money in their bank account and to help the planet. But how much can installing solar panels actually help the environment? A key thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so adopting solar energy for your house can help offset that. After you go solar, your carbon emissions can be cut by about 60 pounds a year. The benefits of solar power are abundant — just like solar power is! That's why so many people have been happy with making the switch to solar.