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

The Cost and Benefits of Solar in Reisterstown

While solar panels can help save you a decent chunk of change on utility bills over time, it's necessary to take into consideration the upfront costs. A few main factors that affect the cost of installing solar panels on your home and how much money you could save over time include:

• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Plus, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.
• How much you spend on energy: The average family in Reisterstown shells out around $840 a year on power alone, so you could gain that much in savings.
• Your energy consumption: If your household needs to use a lot of energy, you'll reap more rewards from going solar.
• The model of solar panels you're thinking of getting: Higher-efficiency panels are more highly priced, so that will determine your budget for your solar project.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the environment and your finances. Additionally, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Reisterstown

If you're thinking about switching to solar energy, several government incentives and subsidies can greatly bring down the cost of the project and expedite the return on your investment. These incentives usually include cash rebates, tax benefits and/or solar renewable energy credits. They can lower the cost of installing solar panels by 30%, upwards of 50% depending on where you live. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Reisterstown

One of the most compelling reasons to tap into solar energy is to minimize your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. But — how much exactly can you help the planet by using solar power? Regardless of your location, you can help protect the environment by switching to solar energy, but homes that use lots of energy will have a bigger impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.