17 Best Solar Companies in Towson, MD (Feb 2023 Review)

The Cost and Benefits of Solar in Towson

While solar panels can help save you a decent chunk of change on power bills over time, it's necessary to take into consideration the upfront costs. Some key factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• The model of solar panels you want: More efficient panels have higher prices, so that will determine your budget for your solar project.
• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $14,000 on your energy bills over 20 years excluding incentives.
• Electricity consumption: The average home in Towson uses a decent amount of, and consequently may save on their energy bills.
• Your energy bills: This will affect how much you can save. In Towson, the average resident can save about $840 a year on their electricity bills.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from the grid and make use of solar incentives and rebates, all while helping the Earth.

Solar Incentives in Towson

There are a lot of reasons why going solar is a great investment. One of them consists of some government incentives you can take advantage of. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can use to further cut back on the cost of solar of solar panels. Our article on solar incentives goes over more in-depth information on the incentives you can find in Towson.

Environmental Impact of Switching to Solar in Towson

One of the most compelling reasons to tap into solar energy is to reduce your dependence on traditional energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Towson, though. In a city like Towson where energy use is rather high, going solar is a great idea for homeowners who want to do their part for the environment. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 60 pounds each year. The good things about solar power are infinite — just like solar power is! That's why so many homeowners have been happy with committing to solar.