Solar Panel Cost Guide in Glenn Dale, MD (2023 Update)
- Glenn Dale Solar Installation Cost: $10,568
- 25-Year Savings: $10,826
- Payback Period: 12.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Glenn Dale
Here's how much it might cost to make the switch to solar in Glenn Dale.
In Glenn Dale, solar panels cost about 2.77 per watt on average. The average solar panel system size in Glenn Dale is around 5.5 kilowatts, meaning a cost of about $10,568 for a solar installation, or $15,112 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Glenn Dale depending on a variety of factors, such as the type 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 Glenn Dale see about $15,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Glenn Dale
| Year | Return on Investment |
|---|---|
| 1 years | $-9,712 |
| 3 years | $-8,000 |
| 5 years | $-6,289 |
| 7 years | $-4,577 |
| 9 years | $-2,866 |
| 11 years | $-1,154 |
| 13 years | $557 |
| 15 years | $2,269 |
| 17 years | $3,980 |
| 19 years | $5,692 |
| 21 years | $7,403 |
| 23 years | $9,115 |
| 25 years | $10,826 |
Top Solar Installers in Glenn Dale
When making the switch to solar, many homeowners choose to hire a solar installation company since installing a solar system yourself can be a time-consuming project. Some solar companies, particularly local ones, can help you take advantage of incentives in Glenn Dale, therefore optimizing your ROI.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Glenn Dale:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Glenn Dale
Factors that Affect Solar Panel Costs in Glenn Dale
There are a number of factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar energy system in Glenn Dale, one of the most crucial 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 consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,770 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Glenn Dale average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Glenn Dale homeowners choose to finance their solar panel systems to make going solar more affordable. 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Glenn Dale, and each can charge different amounts for labor and equipment. Additionally, some companies in Glenn Dale know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,433 | 12.9 years |
| 8 kW | $2.83 | $15,822 | $15,554 | 12.6 years |
| 10 kW | $2.77 | $19,390 | $19,830 | 12.4 years |
| 12 kW | $2.71 | $22,803 | $24,261 | 12.1 years |
| 14 kW | $2.66 | $26,060 | $28,848 | 11.9 years |
| 16 kW | $2.60 | $29,163 | $33,589 | 11.6 years |
| 18 kW | $2.55 | $32,110 | $38,486 | 11.4 years |
| 20 kW | $2.49 | $34,902 | $43,538 | 11.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been operating for many years likely have a high 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 service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Glenn Dale, MD Solar Cost FAQs
How much does it cost to install solar panels in Glenn Dale?
This is a hard question to answer exactly, 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Solar panels can be a great 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 energy bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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.