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

  • Hagerstown Solar Installation Cost: $11,072
  • 25-Year Savings: $5,274
  • Payback Period: 16.9 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 Hagerstown

We break down average solar pricing in Hagerstown.

The average cost of a solar system in Hagerstown is $3 per watt. The average Hagerstown homeowner needs a 5.7-kilowatt system, which would cost about $11,072, or $8,193 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with. Despite the significant initial cost, the average Hagerstown homeowner can save around $11,000 on their power bills over 20 years, which is one of the perks of solar.

To see your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Hagerstown

Year Return on Investment
1 years $-10,418
3 years $-9,110
5 years $-7,802
7 years $-6,495
9 years $-5,187
11 years $-3,879
13 years $-2,572
15 years $-1,264
17 years $44
19 years $1,351
21 years $2,659
23 years $3,967
25 years $5,274

Top Solar Installers in Hagerstown

Putting up solar panels yourself can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.

If you'd like to start using solar energy but still aren't certain which solar company to go with, here are our recommendations for providers in Hagerstown:

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 Hagerstown

Factors that Affect Solar Panel Costs in Hagerstown

Even though the average cost of solar panels in Hagerstown is $11,072, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment Size

One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,770 per kilowatt in Hagerstown. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Hagerstown to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.

Solar Panel Installation Company

The solar company 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 Hagerstown, and each can charge varying amounts for labor and equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.

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 $5,077 17.6 years
8 kW $2.83 $15,822 $7,079 17.3 years
10 kW $2.77 $19,390 $9,237 16.9 years
12 kW $2.71 $22,803 $11,550 16.6 years
14 kW $2.66 $26,060 $14,018 16.3 years
16 kW $2.60 $29,163 $16,641 15.9 years
18 kW $2.55 $32,110 $19,419 15.6 years
20 kW $2.49 $34,902 $22,352 15.2 years

Solar Incentives in Hagerstown

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

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Installation Process: When making the switch to solar, it's essential to keep an open line of communication with your solar company. See to it that you understand how the installation process works and the project completion timeline.
  • Warranty: If you care about the longevity of your solar panel system, verifying your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
  • Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.

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 Hagerstown, MD Solar Cost FAQs

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

This is a tough 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

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

Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside 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.

Does Hagerstown have a net metering program?

Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels do I need to power my home?

To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.

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