Solar Panel Cost Guide in Damascus, MD (2023 Update)
- Damascus Solar Installation Cost: $10,838
- 25-Year Savings: $8,710
- Payback Period: 13.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Damascus
We break down average solar pricing in Damascus.
The average cost of a solar panel system in Damascus is 2.77 per watt. To cover the typical energy usage of the average home in Damascus, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs around $10,839, or $15,500 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more. With average savings of about $13,000 on utility bills over 20 years, many homeowners in Damascus find investing in solar can be quite rewarding.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Damascus
| Year | Return on Investment |
|---|---|
| 1 years | $-9,478 |
| 3 years | $-6,757 |
| 5 years | $-4,036 |
| 7 years | $-1,315 |
| 9 years | $1,406 |
| 11 years | $4,127 |
| 13 years | $6,847 |
| 15 years | $9,568 |
| 17 years | $12,289 |
| 19 years | $15,010 |
| 21 years | $17,731 |
| 23 years | $20,452 |
| 25 years | $23,173 |
Top Solar Installers in Damascus
Trying to install solar panels by yourself can be a difficult project, which is why hiring a solar installer is a good option for many homeowners. Plus, if you're unsure what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar company can help your solar project go smoothly. 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 Damascus
Factors that Affect Solar Panel Costs in Damascus
The cost of installing a solar system in Damascus 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 panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Damascus provide solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also adds to your total costs, so it's important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Damascus, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $8,884 | 14.4 years |
| 8 kW | $2.83 | $15,822 | $12,156 | 14.1 years |
| 10 kW | $2.77 | $19,390 | $15,583 | 13.9 years |
| 12 kW | $2.71 | $22,803 | $19,165 | 13.6 years |
| 14 kW | $2.66 | $26,060 | $22,902 | 13.3 years |
| 16 kW | $2.60 | $29,163 | $26,794 | 13.0 years |
| 18 kW | $2.55 | $32,110 | $30,841 | 12.8 years |
| 20 kW | $2.49 | $34,902 | $35,044 | 12.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
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 Damascus, MD Solar Cost FAQs
How much does it cost to install solar panels in Damascus?
This is a difficult question to answer exactly, because the cost depends on many 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost 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.
Is it worth going solar in Damascus?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.