Solar Panel Cost Guide in Calverton, MD (2024 Update)
- Calverton Solar Installation Cost: $13,682
- 25-Year Savings: $11,188
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Calverton
Find out what the average cost of solar panel installation is in Calverton.
The national average cost of solar panels is $2.66 per watt, but in Calverton it’s 4 per watt.Because a 5.5-kW system is needed to cover the energy costs of a typical home in Calverton, the average price of going solar will be about $13,682 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Calverton homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $15,000 over 20 years on utility bills.
Click the button below to get connected to a reputable solar panel company in your area for a custom quote.
Solar savings over time in Calverton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,268 |
| 3 years | $-9,439 |
| 5 years | $-6,610 |
| 7 years | $-3,781 |
| 9 years | $-953 |
| 11 years | $1,876 |
| 13 years | $4,705 |
| 15 years | $7,534 |
| 17 years | $10,362 |
| 19 years | $13,191 |
| 21 years | $16,020 |
| 23 years | $18,848 |
| 25 years | $21,677 |
Top Solar Installers in Calverton
Although it's possible to install solar panels yourself, it involves extra energy and know-how. That's one of the reasons the majority of homeowners choose a solar panel installer. Plus, if you’re unsure what kind of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar company in Calverton, the EcoWatch team has compiled a list of our top suggestions here:
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 Calverton
Factors that Affect Solar Panel Costs in Calverton
The cost of installing a solar system in Calverton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Calverton homeowners decide to finance their solar panel systems to make paying for solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater 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 promotion can bring their pricing down 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 | $8,329 | 16.2 years |
| 8 kW | $3.61 | $20,220 | $11,501 | 15.9 years |
| 10 kW | $3.54 | $24,780 | $14,872 | 15.6 years |
| 12 kW | $3.47 | $29,141 | $18,442 | 15.3 years |
| 14 kW | $3.40 | $33,304 | $22,209 | 15.0 years |
| 16 kW | $3.33 | $37,269 | $26,175 | 14.7 years |
| 18 kW | $3.26 | $41,036 | $30,339 | 14.4 years |
| 20 kW | $3.19 | $44,604 | $34,701 | 14.1 years |
How to Save on Solar Panels
There are many companies to choose from in Calverton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
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 Calverton, MD Solar Cost FAQs
How much does it cost to install solar panels in Calverton?
The average cost of solar panels in Calverton 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 consume.
Can you get solar panels for free in Calverton?
Solar panels aren’t free in Calverton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Calverton?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get 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.