Solar Panel Cost Guide in Frederick, MD (Jan 2023)
- Frederick Solar Installation Cost: $10,994
- 25-Year Savings: $5,329
- Payback Period: 16.8 Years
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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:
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 system size, which is measured in kilowatts, 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|
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.
EcoWatch's Frederick, MD Solar Cost FAQs
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.