Solar Panel Cost Guide in Brock Hall, MD (2023 Update)
- Brock Hall Solar Installation Cost: $10,568
- 25-Year Savings: $10,940
- Payback Period: 12.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Brock Hall
Let's have a look at the average cost of solar in Brock Hall.
The average cost of a solar system in Brock Hall is 2.77 per watt. Because a 5.5-kW system is needed to cover the energy costs of a typical home in Brock Hall, the average price of going solar will be about $10,568 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Even with the large initial cost, the average Brock Hall homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free quote from a pre-vetted solar installation company in Brock Hall, you can click the button below.
Solar savings over time in Brock Hall
| Year | Return on Investment |
|---|---|
| 1 years | $-9,707 |
| 3 years | $-7,987 |
| 5 years | $-6,266 |
| 7 years | $-4,545 |
| 9 years | $-2,825 |
| 11 years | $-1,104 |
| 13 years | $616 |
| 15 years | $2,337 |
| 17 years | $4,058 |
| 19 years | $5,778 |
| 21 years | $7,499 |
| 23 years | $9,220 |
| 25 years | $10,940 |
Top Solar Installers in Brock Hall
Although you can install solar panels by yourself, it requires extra energy and know-how. That's why almost all homeowners choose a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your location and energy consumption, but going with a solar installer can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Brock Hall
Factors that Affect Solar Panel Costs in Brock Hall
The cost of installing a solar system in Brock Hall can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,770 per kilowatt in Brock Hall. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Brock Hall offer solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your overall costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Brock Hall is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk 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 promotion 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 | $2.88 | $12,099 | $11,558 | 12.8 years |
| 8 kW | $2.83 | $15,822 | $15,721 | 12.5 years |
| 10 kW | $2.77 | $19,390 | $20,039 | 12.3 years |
| 12 kW | $2.71 | $22,803 | $24,512 | 12.0 years |
| 14 kW | $2.66 | $26,060 | $29,140 | 11.8 years |
| 16 kW | $2.60 | $29,163 | $33,923 | 11.6 years |
| 18 kW | $2.55 | $32,110 | $38,862 | 11.3 years |
| 20 kW | $2.49 | $34,902 | $43,955 | 11.1 years |
How to Save on Solar Panels
The solar company you go with 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 keep in mind, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- 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 good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: If you're worried about the endurance of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Brock Hall, MD Solar Cost FAQs
How much does it cost to install solar panels in Brock Hall?
The average cost of solar panels in Brock Hall is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Brock Hall?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Brock Hall?
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 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.
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.