Solar Panel Cost Guide in Accokeek, MD (2024 Update)
- Accokeek Solar Installation Cost: $13,517
- 25-Year Savings: $10,643
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Accokeek
Let’s take a look at the average cost of solar in Accokeek.
The average cost of a solar system in Accokeek is 4 per watt.Since a 5.5-kW system is needed to cover the energy needs of a typical home in Accokeek, the average price of going solar will be about $13,517 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Accokeek see about $15,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar company in Accokeek for a personalized quote.
Solar savings over time in Accokeek
| Year | Return on Investment |
|---|---|
| 1 years | $-11,904 |
| 3 years | $-8,678 |
| 5 years | $-5,451 |
| 7 years | $-2,225 |
| 9 years | $1,002 |
| 11 years | $4,228 |
| 13 years | $7,454 |
| 15 years | $10,681 |
| 17 years | $13,907 |
| 19 years | $17,133 |
| 21 years | $20,360 |
| 23 years | $23,586 |
| 25 years | $26,812 |
Top Solar Installers in Accokeek
Although it's possible to install solar panels on your own, it requires extra time and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Another great thing about choosing a reputable solar installer is that it'll provide warranties and free repairs, which help protect your investment.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Accokeek
Factors that Affect Solar Panel Costs in Accokeek
There are a number of criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,540. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Accokeek average.
Solar Financing Terms
Many homeowners find the average cost of solar in Accokeek to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.However, the interest on solar loans also increases your all-in costs, so it’s important to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Accokeek, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Accokeek have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.68 | $15,463 | $7,877 | 16.6 years |
| 8 kW | $3.61 | $20,220 | $10,900 | 16.2 years |
| 10 kW | $3.54 | $24,780 | $14,120 | 15.9 years |
| 12 kW | $3.47 | $29,141 | $17,539 | 15.6 years |
| 14 kW | $3.40 | $33,304 | $21,156 | 15.3 years |
| 16 kW | $3.33 | $37,269 | $24,971 | 15.0 years |
| 18 kW | $3.26 | $41,036 | $28,985 | 14.7 years |
| 20 kW | $3.19 | $44,604 | $33,197 | 14.3 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Accokeek, MD Solar Cost FAQs
What is the average cost of installing solar panels in Accokeek?
The average cost of solar panels in Accokeek is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Accokeek, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.