13 Best Solar Companies in Riva, MD (Jan 2023 Review)

The Cost and Benefits of Solar in Riva

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to install your system. Some important things that influence the upfront cost and potential savings over time include:

• The kind of solar panel system you can afford: This hinges on your income and budget.
• Average daily sunlight: Since Riva gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Incentives: Tax-paying citizens who purchase 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 utility bills over 20 years without incentives.
• How much you spend on energy: If your local power rates are high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Riva, you can save an average of $70 a month on your electricity bills.

So is buying solar panels worth it? Whether you hope to lower your electricity costs, carbon dioxide emissions or both, solar panels are a solid investment for many Riva homeowners.

Solar Incentives in Riva

There are many good reasons why adopting solar power is beneficial. One of them involves some government incentives that can help save you some money. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. For more information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Riva

There are many reasons to make the switch to solar power, like saving on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Riva, though. An important thing to think about is your overall carbon footprint. For example, if you have a long commute, your footprint may be larger, so switching to solar energy for your house can help offset that. When you go solar, your carbon dioxide emissions can be lowered by about 60 pounds a year. If you want to do your part for the environment, you'll no doubt recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.