Solar Panel Cost Guide in Damascus, MD (Mar 2023)
- Damascus Solar Installation Cost: $10,839
- 25-Year Savings: $8,710
- Payback Period: 13.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Damascus
Let's take a look at the average cost of solar in Damascus.
The average cost of a solar panel system in Damascus is 2.77 per watt. The average solar panel system size in Damascus is around 5.6 kilowatts, meaning a cost of about $10,839 for a solar installation, or $15,500 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Damascus based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the significant upfront cost, the average Damascus homeowner can save around $13,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a highly rated solar installer in Damascus, you can click the button below.
Solar savings over time in Damascus
| Year | Return on Investment |
|---|---|
| 1 years | $-10,057 |
| 3 years | $-8,493 |
| 5 years | $-6,929 |
| 7 years | $-5,365 |
| 9 years | $-3,801 |
| 11 years | $-2,238 |
| 13 years | $-674 |
| 15 years | $890 |
| 17 years | $2,454 |
| 19 years | $4,018 |
| 21 years | $5,582 |
| 23 years | $7,146 |
| 25 years | $8,710 |
Top Solar Installers in Damascus
Trying to put up solar panels by yourself can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
There are several licensed solar professionals that can take care of your solar installation project. 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 Damascus
Factors that Affect Solar Panel Costs in Damascus
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Damascus: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems 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 better efficiency or power production need 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. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose 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 solar panels in cash is too expensive, solar loans are a solid choice because they lower your upfront costs and allow you to pay for your system over five to seven years on average. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. You may notice 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 major players.
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
Since the brand of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
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 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.