11 Best Solar Companies in Sykesville, MD (Oct 2022 Review)

The Cost and Benefits of Solar in Sykesville

We understand that for many homeowners, the choice to invest in solar comes down to installation costs. Some important things that impact how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. Plus, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.
• The amount of sunlight your house gets: Because of Sykesville's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• 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 go with a higher number of more affordable panels.
• Your power bills: This will influence your savings. In Sykesville, the average homeowner can save about $740 a year on their electricity bills.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Sykesville

Although installing solar panels is typically a large investment, it can save you a lot of money over the lifespan of your solar panels due to lower utility bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. In the table below, you can read about the incentives you qualify for in Sykesville.

Environmental Impact of Switching to Solar in Sykesville

There are a few main reasons why many people want to invest in solar energy: for the financial and environmental benefits. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Sykesville, though. Something that can dramatically shape your carbon footprint is your commute time and how much you drive overall. If you switch to solar power and drive an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. While making solar panels emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used traditional energy. In Sykesville, you can reduce your carbon footprint by 60 pounds a year with solar panels. If you want to do your part for the environment, you'll no doubt get that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.