Maryland Solar Information

Pros and Cons of Buying Solar Panels in Maryland

Advantages:

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  Relatively short payback period

  The solar payback period is the total time it will take you to pay off your solar power system investment. Currently, solar panels are famous for their optimal energy production, meaning they produce more electricity thus reducing the energy payback period. Depending on where you live in Maryland, your solar panels might be paid off in as little as 7 years, although the average payback time for the state is about 10 years.
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  After the payback period, solar power is nearly free

  Once your solar power system pays for itself, you will begin producing free electricity and making a profit.
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  Great savings on a monthly electric bill

  The average monthly savings from solar in Maryland are astonishing $140. Your solar power system will begin generating clean energy as soon as it is upon your roof. It means relying less on your local utility company, no worrying about utility rate inflation, and saving a lot of money on your monthly electric bill.
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  Helping the environment since solar energy is clean, sustainable, and renewable.

  Solar energy is clean, plentiful and renewable. Solar power generation does not produce any emissions and does not require the destruction of the natural environment. When compared to some of the traditional fossil fuels, solar energy does not lead to the contamination of water and the atmosphere. On the contrary, it helps reduce the greenhouse effect and lowers our negative impact on the natural environment.
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  Support from the government and the state

  Maryland has one of the best financial incentives for solar panels installations. Today, the cost to switch to solar is much lower than what it used to be a few years back. With the help of the Federal Tax Credit and the state programs and incentives, the starting price of the solar power system can be reduced by at least 40%.
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  Very low maintenance

  Once solar panels are installed, they are out of your way, making clean energy. They are completely silent and do not cause any wear and tear with usage thanks to not having any moving parts in their construction. The only maintenance solar panels require is light cleaning a couple of times a year.
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  Excellent warranty protection

  Today, every manufacturer of solar panels offers two types of warranties with their products. The first warranty is an extended product guarantee that will take care of any breakage or faulty equipment for up to 25 years. The second warranty is a production guaranty that ensures up to 90% efficiency in electricity generation even after 25 years of usage.
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  Increase in the property value

  A few recent real estate studies on the impact of an installed solar system showed an increase of at least 4.1% to the value of the home. Also, the studies revealed that homes with installed PV systems sell both at higher prices and much faster compared to homes without solar power systems. In Maryland, a 9kW solar energy system is expected to increase home value by at least $22,000.

Cons:

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  The possible high initial cost

  Numerous people are apprehensive about the initial cost to install a solar power system since the cost will include solar panels, battery, inverter, all the necessary accessories, mounting equipment, the installation itself, and therefore can become relatively high. However, now the solar prices are lower than ever before, and there are plenty of various tax credits and rebates available to help to offset the costs.
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  Need to have a large, open area for installation

  Solar panels must be mounted on open, unrestricted surfaces to operate efficiently. Unfortunately, some homeowners do not have enough space on their roof that is completely free of any shade. Thankfully, as long as solar panels still have access to sunlight, solar panels can be installed not only on the roofs but also on the ground.
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  Must be a property owner to install

  As of today, the installation of solar power systems is mostly open to homeowners with excellent credit and good earnings. For renters, low-income individuals, or individuals without a job, solar advantages are not yet available.

Is It Worth Going Solar In Maryland?

If you live in Maryland and are curious about whether or not going solar might be a good option for you, the answer is definitely yes. Today, great solar prices, an abundance of sunny days throughout the year, supportive local government, and environmental benefits make investing in solar in Maryland a very smart decision. The solar power system will help you save a lot of money and significantly cut down on pollution.