Solar Panel Cost Guide in Hyattsville, MD (2024 Update)
- Hyattsville Solar Installation Cost: $13,517
- 25-Year Savings: $28,093
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Hyattsville
Let’s have a look at the average cost of solar in Hyattsville.
In Hyattsville, solar panels cost about 4 per watt on average.Since a 5.5-kW system is needed to cover the energy usage of a typical home in Hyattsville, the average price of going solar will be about $13,517 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you choose, your solar contractor and more.With average savings of about $16,000 on electricity bills over 20 years, many homeowners in Hyattsville find installing solar panels can be quite rewarding.
Click the button below to get connected to a top solar company in Hyattsville for a customized estimate.
Solar savings over time in Hyattsville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,853 |
| 3 years | $-8,524 |
| 5 years | $-5,195 |
| 7 years | $-1,866 |
| 9 years | $1,462 |
| 11 years | $4,791 |
| 13 years | $8,120 |
| 15 years | $11,449 |
| 17 years | $14,778 |
| 19 years | $18,106 |
| 21 years | $21,435 |
| 23 years | $24,764 |
| 25 years | $28,093 |
Top Solar Installers in Hyattsville
Although it's possible to install solar panels yourself, it requires extra effort and handiness. That's one of the reasons almost all homeowners choose to go with a solar panel installer. The payback period on a solar system will vary depending on factors like your roof configuration and energy use, but going with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Hyattsville
Factors that Affect Solar Panel Costs in Hyattsville
For many Hyattsville homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Hyattsville, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need 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 $3,540.The type of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hyattsville to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also is within your budget.
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 | $9,352 | 15.6 years |
| 8 kW | $3.61 | $20,220 | $12,866 | 15.3 years |
| 10 kW | $3.54 | $24,780 | $16,578 | 15.0 years |
| 12 kW | $3.47 | $29,141 | $20,489 | 14.7 years |
| 14 kW | $3.40 | $33,304 | $24,597 | 14.4 years |
| 16 kW | $3.33 | $37,269 | $28,904 | 14.1 years |
| 18 kW | $3.26 | $41,036 | $33,409 | 13.8 years |
| 20 kW | $3.19 | $44,604 | $38,113 | 13.5 years |
How to Save on Solar Panels
The solar panel 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 several important things you should take into account, including:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Installation Process: When making the switch to solar power, it’s crucial to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project timeline.
- Contract: When reading through your solar installer’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 part breaking or the company going out of business.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Hyattsville, MD Solar Cost FAQs
What is the average cost of installing solar panels in Hyattsville?
The average cost of solar panels in Hyattsville is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Hyattsville?
You can’t get solar panels for free in Hyattsville. 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 prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Hyattsville?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Hyattsville?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had 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.