17 Best Solar Companies in Towson, MD (Oct 2022 Review)

The Cost and Benefits of Solar in Towson

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to set up your panels. The cost of solar and the savings it generates vary depending on some important factors such as:

• Your income and budget: This determines what type of solar panels you can buy.
• How much electricity your home consumes: Homes that need lots of electricity each month may require more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• How much you spend on energy: The typical family in Towson shells out around $840 a year on electricity alone, so you could be looking at that much in savings.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your power bills, which can give you an average of $14,000 of savings over 20 years.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, such as the angle of your roof and incentives.

Solar Incentives in Towson

There are several reasons why you should switch to solar. One of them involves some government incentives you can take advantage of. There are quite a few federal, state and local rebates and tax credits that can earn you anywhere from 26% to 50% of your money back after installing a qualifying system. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Towson

An important reason so many people are considering going solar is to help reduce their environmental impact. But you may be wondering — how much exactly can you help the planet by making the switch to solar? In a city like Towson where energy use is rather high, switching to solar energy is a fantastic idea for those who want to do their part for the environment. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. Since energy from the sun is abundant and makes electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help protect the planet.