Solar Panel Cost Guide in Frederick, MD (Oct 2022)

  • Frederick Solar Installation Cost: $10,994
  • 25-Year Savings: $5,329
  • Payback Period: 16.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Frederick

Let's take a look at the average cost of solar panels in Frederick.

In Frederick, solar panels cost about $3 per watt on average. Using this figure, a typical 5.7 would cost about $10,994 before the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average energy use of Frederick homeowners. The price 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. Even with the significant upfront cost, the average Frederick homeowner can save around $11,000 on their energy bills over 20 years, which is one of the positives of solar.

You can click the button below to get connected with a top solar installer in Frederick for a quote for your home.

Solar savings over time in Frederick

Year Return on Investment
1 years $-10,341
3 years $-9,035
5 years $-7,729
7 years $-6,424
9 years $-5,118
11 years $-3,812
13 years $-2,506
15 years $-1,200
17 years $106
19 years $1,412
21 years $2,717
23 years $4,023
25 years $5,329

Top Solar Installers in Frederick

Putting up solar panels yourself can be a challenging task, which is why getting a solar installer is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Frederick

Factors that Affect Solar Panel Costs in Frederick

Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Frederick: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment Size

The size of the system you need is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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

For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Frederick, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. Even though solar loans make adopting solar energy more accessible for Frederick homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Lastly, the company you get to install your solar panels can influence the cost. Frederick's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $5,181 17.5 years
8 kW $2.83 $15,822 $7,218 17.2 years
10 kW $2.77 $19,390 $9,410 16.8 years
12 kW $2.71 $22,803 $11,758 16.5 years
14 kW $2.66 $26,060 $14,260 16.2 years
16 kW $2.60 $29,163 $16,918 15.8 years
18 kW $2.55 $32,110 $19,730 15.5 years
20 kW $2.49 $34,902 $22,698 15.1 years

Solar Incentives in Frederick

Name Residential Clean Energy Rebate Program
Website Visit here
More Info Click here

Name Solar Renewable Energy Certificates (SRECs)
Website Visit here
More Info Click here

Name Sales and Use Tax Exemption for Residential Solar and Wind Electricity Sales
More Info Click here

Name Sales and Use Tax Exemption for Renewable Energy Equipment
Incentive Amount 100% exemption
More Info Click here

Name Property Tax Exemption for Solar and Wind Energy Systems
More Info Click here

Name Clean-Burning Wood Stove Grant Program
Website Visit here
More Info Click here

Name Wood Heating Fuel Exemption
Incentive Amount 100% exemption
More Info Click here

Name Local Option - Property Tax Credit for High Performance Buildings
Incentive Amount Varies
More Info Click here

Name Local Option - Property Tax Credit for Renewables and Energy Conservation Devices
More Info Click here

Name FirstEnergy (Potomac Edison) - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential/Community Wind Grant Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:

  • Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
  • Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
  • Solar Panel Brands: The brand of solar panel you need plays a role in which company you should go with, since different companies have access to different panels.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Frederick, MD Solar Cost FAQs

What is the average cost of installing solar panels in Frederick?

This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.

Is it better to lease or buy solar panels in Frederick?

Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Is switching to solar power worth it?

Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.

How long do solar panels last in Frederick?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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.

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