Solar Panel Cost Guide in Fulton, MD (2025 Update)
- Fulton Solar Installation Cost: $13,837
- 25-Year Savings: $10,067
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Fulton
Find out what the average cost of solar panel installation is in Fulton.
In Fulton, solar panels cost about 4 per watt on average.Using this figure, a typical 5.6-kW system would cost about $13,837 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Fulton based on a few factors, such as the model of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Fulton see about $14,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
Solar savings over time in Fulton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,422 |
| 3 years | $-9,594 |
| 5 years | $-6,765 |
| 7 years | $-3,936 |
| 9 years | $-1,107 |
| 11 years | $1,721 |
| 13 years | $4,550 |
| 15 years | $7,379 |
| 17 years | $10,208 |
| 19 years | $13,036 |
| 21 years | $15,865 |
| 23 years | $18,694 |
| 25 years | $21,523 |
Top Solar Installers in Fulton
Installing solar panels yourself can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, particularly if you aren’t sure what brand of solar equipment you need.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Fulton
Factors that Affect Solar Panel Costs in Fulton
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Fulton: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Fulton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,540 for each additional kilowatt you need.The solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Fulton average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Fulton is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services at different price points.You may see national solar installers that have lower prices because of 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 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 | $6,988 | 17.2 years |
| 8 kW | $3.61 | $20,220 | $9,714 | 16.9 years |
| 10 kW | $3.54 | $24,780 | $12,639 | 16.6 years |
| 12 kW | $3.47 | $29,141 | $15,761 | 16.2 years |
| 14 kW | $3.40 | $33,304 | $19,082 | 15.9 years |
| 16 kW | $3.33 | $37,269 | $22,601 | 15.6 years |
| 18 kW | $3.26 | $41,036 | $26,318 | 15.2 years |
| 20 kW | $3.19 | $44,604 | $30,233 | 14.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
EcoWatch's Fulton, MD Solar Cost FAQs
What is the average cost of installing solar panels in Fulton?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,700 for a 5-kW system and $35,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Fulton?
Solar panels aren’t free in Fulton, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.