Solar Panel Cost Guide in Edgewood, MD (2024 Update)
- Edgewood Solar Installation Cost: $13,833
- 25-Year Savings: $10,070
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Edgewood
Let’s take a look at the average cost of solar in Edgewood.
The average cost of a solar system in Edgewood is 4 per watt.Using this figure, a typical 5.6-kW system would cost about $13,833 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Edgewood based on a few factors, such as the kind of solar panels you choose and the solar installer you hire.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Edgewood see about $14,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Edgewood
| Year | Return on Investment |
|---|---|
| 1 years | $-12,419 |
| 3 years | $-9,590 |
| 5 years | $-6,761 |
| 7 years | $-3,933 |
| 9 years | $-1,104 |
| 11 years | $1,725 |
| 13 years | $4,554 |
| 15 years | $7,382 |
| 17 years | $10,211 |
| 19 years | $13,040 |
| 21 years | $15,869 |
| 23 years | $18,697 |
| 25 years | $21,526 |
Top Solar Installers in Edgewood
Installing solar panels on your own can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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
The cost of installing a solar system in Edgewood can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Edgewood, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $3,540 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Edgewood, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Edgewood, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $3.68 | $15,463 | $6,994 | 17.2 years |
| 8 kW | $3.61 | $20,220 | $9,722 | 16.9 years |
| 10 kW | $3.54 | $24,780 | $12,648 | 16.6 years |
| 12 kW | $3.47 | $29,141 | $15,772 | 16.2 years |
| 14 kW | $3.40 | $33,304 | $19,095 | 15.9 years |
| 16 kW | $3.33 | $37,269 | $22,616 | 15.6 years |
| 18 kW | $3.26 | $41,036 | $26,335 | 15.2 years |
| 20 kW | $3.19 | $44,604 | $30,252 | 14.9 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. Because choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- Reputation: Long-running companies 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 support, such as part repairs and replacements.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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
What is the average cost of installing solar panels in Edgewood?
The average cost of solar panels in Edgewood is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $748.56 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.