17 Best Solar Companies in Riverside, MD (Mar 2023 Review)

The Cost and Benefits of Solar in Riverside

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to set up your panels. Some important things that determine the upfront cost and potential savings over time include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Your income and budget: This affects what model of solar panels you can get.
• Your power bills: This will determine how much money you might save. In Riverside, the average resident can save about $860 a year on their electricity bills.
• How much sunlight your roof gets: This, plus your roof configuration, affects affect how much power your solar panels can generate.

Thanks to solar panels decreasing in cost as well as several solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Riverside

Although solar power is typically a large investment, it can save you a significant amount of money over several years due to lower energy bills and government incentives. There are quite a few federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money back after paying for a solar panel system. Our article on solar incentives has more information on the incentives you can find in Riverside.

Environmental Impact of Switching to Solar in Riverside

There are tons of reasons to trade traditional energy for solar power, like saving on electricity bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Riverside, though. The average person has a substantial carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions every year, and electricity for their home, it can be overwhelming to figure out what to do. Switching to solar is a practical thing you can do to help. When you go solar, your carbon emissions can be lowered by about 60 pounds each year. The great things about solar power are abundant — just like solar power is! That's why so many homeowners have been happy with using solar energy.