Solar Panel Cost Guide in Brunswick, MD (2023 Update)
- Brunswick Solar Installation Cost: $10,994
- 25-Year Savings: $5,329
- Payback Period: 16.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Brunswick
Find out what the average cost of solar panel installation is in Brunswick.
In Brunswick, solar panels cost about 2.77 per watt on average. Using this figure, a typical 5.7-kW system would cost about $10,994 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. But, once you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $11,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Brunswick
| Year | Return on Investment |
|---|---|
| 1 years | $-10,341 |
| 3 years | $-9,035 |
| 5 years | $-7,729 |
| 7 years | $-6,424 |
| 9 years | $-5,118 |
| 11 years | $-3,812 |
| 13 years | $-2,506 |
| 15 years | $-1,200 |
| 17 years | $106 |
| 19 years | $1,412 |
| 21 years | $2,717 |
| 23 years | $4,023 |
| 25 years | $5,329 |
Top Solar Installers in Brunswick
Although it's possible to install solar panels on your own, it takes extra effort and expertise. That's one of the reasons almost all homeowners choose to hire a solar panel installer. 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.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Brunswick
Factors that Affect Solar Panel Costs in Brunswick
For many Brunswick homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Brunswick, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,770. The brand and kind of equipment you choose for your solar system can raise or lower 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Brunswick to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence the cost. Brunswick's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $5,181 | 17.5 years |
| 8 kW | $2.83 | $15,822 | $7,218 | 17.2 years |
| 10 kW | $2.77 | $19,390 | $9,410 | 16.8 years |
| 12 kW | $2.71 | $22,803 | $11,758 | 16.5 years |
| 14 kW | $2.66 | $26,060 | $14,260 | 16.2 years |
| 16 kW | $2.60 | $29,163 | $16,918 | 15.8 years |
| 18 kW | $2.55 | $32,110 | $19,730 | 15.5 years |
| 20 kW | $2.49 | $34,902 | $22,698 | 15.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which company you should opt for, since different companies provide different panels.
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 Brunswick, MD Solar Cost FAQs
How much does it cost to install solar panels in Brunswick?
The average cost of solar panels in Brunswick 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a crucial 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 much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Brunswick, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.