Solar Panel Cost Guide in Easton, MD (2024 Update)
- Easton Solar Installation Cost: $13,534
- 25-Year Savings: $13,656
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Easton
Find out how much it might cost to switch to solar power in Easton.
The average cost of a solar panel system in Easton is 4 per watt.Using this figure, a typical 5.5-kW system would cost about $13,534 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Easton homeowner. 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.With average savings of about $17,000 on utility bills over 20 years, many homeowners in Easton find installing solar panels can pay off big.
You can click the button below to get connected with a vetted solar installer in Easton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Easton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,821 |
| 3 years | $-8,396 |
| 5 years | $-4,970 |
| 7 years | $-1,544 |
| 9 years | $1,882 |
| 11 years | $5,308 |
| 13 years | $8,734 |
| 15 years | $12,160 |
| 17 years | $15,586 |
| 19 years | $19,012 |
| 21 years | $22,437 |
| 23 years | $25,863 |
| 25 years | $29,289 |
Top Solar Installers in Easton
When making the switch to solar, many homeowners opt to hire a solar company since putting up a solar system yourself can be a difficult project. Another perk of going with a solar company is that they can help you make the most of your investment by cutting back on future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers near you:
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 Easton
Factors that Affect Solar Panel Costs in Easton
Though the average cost of a solar system in Easton is $13,534, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The model of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Easton have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your all-in costs, so it’s crucial 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
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Easton, and each can charge varying amounts for labor and equipment.Additionally, some companies in Easton are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,173 | 14.5 years |
| 8 kW | $3.61 | $20,220 | $15,294 | 14.2 years |
| 10 kW | $3.54 | $24,780 | $19,613 | 14.0 years |
| 12 kW | $3.47 | $29,141 | $24,130 | 13.7 years |
| 14 kW | $3.40 | $33,304 | $28,846 | 13.4 years |
| 16 kW | $3.33 | $37,269 | $33,760 | 13.1 years |
| 18 kW | $3.26 | $41,036 | $38,872 | 12.8 years |
| 20 kW | $3.19 | $44,604 | $44,182 | 12.6 years |
How to Save on Solar Panels
The solar panel 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 can get. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Long-standing companies likely have a high 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.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
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 Easton, MD Solar Cost FAQs
How much does it cost to install solar panels in Easton?
The average cost of solar panels in Easton 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration 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 Easton?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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.