Solar Panel Cost Guide in Bensville, MD (Mar 2023)
- Bensville Solar Installation Cost: $10,509
- 25-Year Savings: $9,455
- Payback Period: 13.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bensville
Let's take a look at the average cost of solar panels in Bensville.
The average cost of a solar panel system in Bensville is 2.77 per watt. The average Bensville homeowner needs a 5.4-kilowatt system, which would cost about $10,509 with the federal tax credit, or $15,028 before the 30% tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you want to go with. For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Bensville see about $14,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar installer in Bensville for a custom estimate.
Solar savings over time in Bensville
| Year | Return on Investment |
|---|---|
| 1 years | $-9,711 |
| 3 years | $-8,114 |
| 5 years | $-6,517 |
| 7 years | $-4,919 |
| 9 years | $-3,322 |
| 11 years | $-1,725 |
| 13 years | $-128 |
| 15 years | $1,469 |
| 17 years | $3,066 |
| 19 years | $4,663 |
| 21 years | $6,260 |
| 23 years | $7,857 |
| 25 years | $9,455 |
Top Solar Installers in Bensville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make switching to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar panel installer to go with, here are our suggestions for providers nearby:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Bensville
Factors that Affect Solar Panel Costs in Bensville
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Bensville: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Bensville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,770 for each additional kilowatt you need. The kind 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. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Bensville average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Bensville homeowners decide to finance their solar panel systems to offset upfront costs. Even though solar loans make going solar more accessible for Bensville homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Bensville know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $2.88 | $12,099 | $9,994 | 13.7 years |
| 8 kW | $2.83 | $15,822 | $13,636 | 13.4 years |
| 10 kW | $2.77 | $19,390 | $17,433 | 13.2 years |
| 12 kW | $2.71 | $22,803 | $21,385 | 12.9 years |
| 14 kW | $2.66 | $26,060 | $25,492 | 12.6 years |
| 16 kW | $2.60 | $29,163 | $29,754 | 12.4 years |
| 18 kW | $2.55 | $32,110 | $34,172 | 12.1 years |
| 20 kW | $2.49 | $34,902 | $38,744 | 11.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Bensville, MD Solar Cost FAQs
How much does it cost to install solar panels in Bensville?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bensville is currently $329,404, which means you can expect a value of about $13,506 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Bensville is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.