18 Best Solar Companies in Severna Park, MD (2023 Reviews)

The Cost and Benefits of Solar in Severna Park

We understand that for many homeowners, the decision to invest in solar depends on installation costs. A few important factors that influence how much it will cost to install solar panels on your home and how much it could save you over time include:

• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• The model of solar panels you want: Higher-efficiency panels cost more, so that will shape your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $15,000 over 20 years with your system, too.
• Your current power bills: Solar panels can substantially decrease, or entirely eliminate, your utility bills. In Severna Park, you can save an average of $70 a month.

Solar is a valuable investment for most homeowners. You can generate your own power instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping the Earth.

Solar Incentives in Severna Park

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more economically viable and accessible. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can use to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Severna Park

An important reason so many people are thinking of going solar is to help reduce their environmental impact. A question many people might be wondering about is how much can they really help preserve the environment by going solar anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. Since solar energy is abundant and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help preserve the environment.