Solar Panel Cost Guide in Boonsboro, MD (2025 Update)
- Boonsboro Solar Installation Cost: $14,149
- 25-Year Savings: $5,252
- Payback Period: 21.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Boonsboro
We go over average solar pricing in Boonsboro.
The national average cost of solar panels is $2.66 per watt, but in Boonsboro it’s 4 per watt.The average Boonsboro homeowner needs a 5.7-kilowatt system, which would cost about $14,149 with the federal tax credit, or $20,233 before the 0 tax credit is applied.
These figures are only averages, and your own solar costs will differ based on your specific situation and what company you want to go with.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Boonsboro can save around $11,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Boonsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-12,897 |
| 3 years | $-10,392 |
| 5 years | $-7,886 |
| 7 years | $-5,381 |
| 9 years | $-2,876 |
| 11 years | $-371 |
| 13 years | $2,134 |
| 15 years | $4,639 |
| 17 years | $7,144 |
| 19 years | $9,649 |
| 21 years | $12,155 |
| 23 years | $14,660 |
| 25 years | $17,165 |
Top Solar Installers in Boonsboro
When switching to solar energy, many homeowners opt to hire a solar company since handling can be a challenging project. Another upside of going with a solar company is that they can help you make the most of your ROI by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Boonsboro
Factors that Affect Solar Panel Costs in Boonsboro
The cost of installing a solar system in Boonsboro can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,540.There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your overall costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $1,690 | 22.5 years |
| 8 kW | $3.61 | $20,220 | $2,649 | 22.1 years |
| 10 kW | $3.54 | $24,780 | $3,807 | 21.7 years |
| 12 kW | $3.47 | $29,141 | $5,163 | 21.2 years |
| 14 kW | $3.40 | $33,304 | $6,718 | 20.8 years |
| 16 kW | $3.33 | $37,269 | $8,470 | 20.4 years |
| 18 kW | $3.26 | $41,036 | $10,421 | 19.9 years |
| 20 kW | $3.19 | $44,604 | $12,570 | 19.5 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
EcoWatch's Boonsboro, MD Solar Cost FAQs
What is the average cost of installing solar panels in Boonsboro?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,700 for a 5-kW system and $35,400 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will having solar panels impact the value of my home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.