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

The Cost and Benefits of Solar in Riverdale Park

We know that for many homeowners, the choice to invest in solar hinges on installation costs. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your city: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $16,000 over 20 years with your system, too.
• Your energy consumption: If your household uses a lot of energy, you'll see more savings from switching to solar.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

Even though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, including the size of your house and your local electricity rates.

Solar Incentives in Riverdale Park

If you're considering making the switch to solar energy, a number of government incentives and subsidies can drastically bring down your project costs and speed up the return on your investment. There are quite a few federal, state and local rebates and tax credits that can earn you a decent amount of money back after installing solar panels. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Riverdale Park

If you're planning on adding solar panels to your home, one of the major reasons why may be to lower your greenhouse gas emissions. But how much can installing solar panels actually affect the environment? Something that can drastically shape your carbon footprint is how long your commute is and how much you drive generally. If you switch to solar power and drive an electric car, you can greatly reduce your carbon dioxide emissions by charging your car at home. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.