18 Best Solar Companies in West Laurel, MD (Mar 2023 Review)

The Cost and Benefits of Solar in West Laurel

Although solar panels can help save you a good amount of money on energy bills over time, it's important to know the startup costs. Some key things that influence how much it will cost and how much you could save include:

• Energy consumption: Solar may be an expensive investment for households that don't need a good amount of energy each month.
• How much you spend on energy: If your local energy rates are high, there's a good chance you'll end up with a higher return on your investment in a solar system. In West Laurel, you can save an average of $70 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. In addition, you can save about $15,000 over 20 years on your utility bills, not including incentives.
• The type of solar panel system you can purchase: This is dependent on your income and budget.

There are lots of wonderful benefits of solar despite the initial cost of installation. It can help the planet and your wallet. Plus, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in West Laurel

One of the good things about installing a solar panel system is earning incentives from the government. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in West Laurel

One of the reasons so many homeowners are thinking of installing solar panels is to help bring down their environmental impact. But you may be wondering — how much exactly can you help the environment by going solar? In a city like West Laurel where energy use is rather high, installing solar panels is a good plan for those who care about the planet. Once you go solar, your carbon footprint can be reduced by about 60 pounds each year. Since solar energy is abundant and produces electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help the planet.