18 Best Solar Companies in Melwood, MD (Mar 2023 Review)

The Cost and Benefits of Solar in Melwood

The cost of putting up a solar panel system has gone down immensely in the past several years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• The amount of sunlight your roof gets: Thanks to Melwood's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your utility bills, which can give you an average of $15,000 of savings over 20 years.
• The cost of electricity in your area: If your local electricity rates are high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Melwood, you can save an average of $71 a month on your electricity bills.

Solar is a worthwhile investment for most homeowners. You can generate your own energy instead of paying for it from the grid and take advantage of solar incentives, all while helping protect the planet.

Solar Incentives in Melwood

If you're considering making the switch to solar power, various government incentives and state programs can immensely reduce the cost of the project and speed up the return on your investment. These incentives normally consist of cash rebates, tax benefits and/or solar renewable energy credits. They can reduce how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives has more information on the incentives you can take advantage of in Melwood.

Environmental Impact of Switching to Solar in Melwood

Going solar can have a beneficial effect on the environment. You may be asking yourself — how much does going solar help the environment anyway? The average person has a considerable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions a year, and electricity for their home, it can be overwhelming to think about what to do. Going solar is a practical thing you can do to help. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.