Solar Panel Cost Guide in Edgewood, MD (Mar 2023)
- Edgewood Solar Installation Cost: $10,820
- 25-Year Savings: $10,074
- Payback Period: 13.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Edgewood
Let's have a look at the average cost of solar panels in Edgewood.
The national average cost of solar panels is $2.66 per watt, but in Edgewood it's 2.77 per watt. The average solar panel system size in Edgewood is around 5.6 kilowatts, meaning a cost of about $10,820 for a solar installation, or $15,473 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 actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. Despite the significant initial cost, the average Edgewood homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a highly rated solar installer in Edgewood for a customized quote.
Solar savings over time in Edgewood
| Year | Return on Investment |
|---|---|
| 1 years | $-9,984 |
| 3 years | $-8,312 |
| 5 years | $-6,641 |
| 7 years | $-4,969 |
| 9 years | $-3,298 |
| 11 years | $-1,626 |
| 13 years | $45 |
| 15 years | $1,717 |
| 17 years | $3,388 |
| 19 years | $5,060 |
| 21 years | $6,731 |
| 23 years | $8,403 |
| 25 years | $10,074 |
Top Solar Installers in Edgewood
Although you can install solar panels by yourself, it takes extra effort and expertise. Because of that, the majority of homeowners choose to go with a solar panel installer. Local solar installers can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
If you'd like to start using solar energy but still aren't certain which solar company to go with, here are our suggestions for providers in Edgewood:
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 Edgewood
Factors that Affect Solar Panel Costs in Edgewood
For many Edgewood homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Edgewood, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,770. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Edgewood average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Edgewood, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your all-in costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Edgewood, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, 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 | $10,358 | 13.5 years |
| 8 kW | $2.83 | $15,822 | $14,120 | 13.2 years |
| 10 kW | $2.77 | $19,390 | $18,038 | 13.0 years |
| 12 kW | $2.71 | $22,803 | $22,111 | 12.7 years |
| 14 kW | $2.66 | $26,060 | $26,339 | 12.4 years |
| 16 kW | $2.60 | $29,163 | $30,722 | 12.2 years |
| 18 kW | $2.55 | $32,110 | $35,261 | 11.9 years |
| 20 kW | $2.49 | $34,902 | $39,954 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
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 Edgewood, MD Solar Cost FAQs
How much does it cost to install solar panels in Edgewood?
The average cost of solar panels in Edgewood is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Edgewood?
Solar panels aren't free in Edgewood, 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.
Can you sell solar power back to the grid in Edgewood?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
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 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 buy 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.