Solar Panel Cost Guide in Havre de Grace, MD (2023 Update)
- Havre de Grace Solar Installation Cost: $10,824
- 25-Year Savings: $11,224
- Payback Period: 12.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Havre de Grace
See how much it might cost to make the switch to solar in Havre de Grace.
In Havre de Grace, solar panels cost about 2.77 per watt on average. The average Havre de Grace homeowner needs a 5.6-kilowatt system, which would cost about $10,820 with the federal tax credit, or $15,473 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Havre de Grace homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Havre de Grace can save around $15,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar company in Havre de Grace for a quote for your home.
Solar savings over time in Havre de Grace
| Year | Return on Investment |
|---|---|
| 1 years | $-9,410 |
| 3 years | $-6,581 |
| 5 years | $-3,752 |
| 7 years | $-924 |
| 9 years | $1,905 |
| 11 years | $4,734 |
| 13 years | $7,563 |
| 15 years | $10,391 |
| 17 years | $13,220 |
| 19 years | $16,049 |
| 21 years | $18,878 |
| 23 years | $21,706 |
| 25 years | $24,535 |
Top Solar Installers in Havre de Grace
Although you can install solar panels yourself, it takes extra time and knowledge. For that reason, the majority of homeowners choose a solar panel installer. Companies can also have access to quality options of the best solar panels and help you choose which one will be best for you.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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 Havre de Grace
Factors that Affect Solar Panel Costs in Havre de Grace
For many Havre de Grace homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Havre de Grace, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Havre de Grace, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Havre de Grace offer solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also adds to your all-in costs, so it's vital to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Havre de Grace, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $11,598 | 12.8 years |
| 8 kW | $2.83 | $15,822 | $15,774 | 12.5 years |
| 10 kW | $2.77 | $19,390 | $20,106 | 12.3 years |
| 12 kW | $2.71 | $22,803 | $24,592 | 12.0 years |
| 14 kW | $2.66 | $26,060 | $29,234 | 11.8 years |
| 16 kW | $2.60 | $29,163 | $34,030 | 11.5 years |
| 18 kW | $2.55 | $32,110 | $38,982 | 11.3 years |
| 20 kW | $2.49 | $34,902 | $44,089 | 11.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar company. Make sure you understand how the installation process works and the project timeline.
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 Havre de Grace, MD Solar Cost FAQs
What is the average cost of installing solar panels in Havre de Grace?
This is a hard question to answer exactly, because the cost depends on a variety of 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 usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Havre de Grace?
You can't get solar panels for free in Havre de Grace. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Havre de Grace, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Havre de Grace?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.