14 Best Solar Companies in Silver Hill, MD (2023 Reviews)

The Cost and Benefits of Solar in Silver Hill

For many readers, the decision of which solar company to go with depends on prices. Some important things that impact the cost and possible savings include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $16,000 over 20 years with your solar system, too.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on electric bills than a house with a roof that gets a lot of sunlight.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Energy consumption: Installing a solar system may be an expensive investment for households that don't use a good amount of energy each month.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Silver Hill

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over many years because of lower energy bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially pair the ITC with other local incentives. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Silver Hill

There are a few primary reasons why people want to invest in solar energy: to help their wallet and the environment. You may be asking yourself — how much does going solar help the planet anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car 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 Silver Hill, the average person can lower their carbon footprint by 60 pounds a year once they go solar. As you can see, going solar has so many other rewards apart from saving money. One of the main ones is that you can help save the environment too.