Solar Panel Cost Guide in Jessup, MD (2024 Update)

  • Jessup Solar Installation Cost: $13,534
  • 25-Year Savings: $10,304
  • Payback Period: 16.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated April 21, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Jessup

We go over average solar pricing in Jessup.

The average cost of solar panels in Jessup is 4 per watt.Using this figure, a typical 5.5-kW system would cost about $13,534 before the 0 federal solar tax credit is applied.

These figures are only averages, and your own solar costs will most likely differ based on your energy needs and what company you want to go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Jessup see about $15,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a top solar company in Jessup that can help you get a more accurate cost estimate for your home.

Solar savings over time in Jessup

YearReturn on Investment
1 years$-12,119
3 years$-9,291
5 years$-6,462
7 years$-3,633
9 years$-804
11 years$2,024
13 years$4,853
15 years$7,682
17 years$10,511
19 years$13,339
21 years$16,168
23 years$18,997
25 years$21,826

Top Solar Installers in Jessup

DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar company can make converting to solar power much easier. The expertise that solar companies offer can be invaluable as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.

There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:

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

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

Solar Veteran

Trinity Solar

★★★★★
4.0
  • Many financing options
  • Family-owned and -operated
  • Makes charitable contributions
  • Limited service area
  • Relatively short workmanship warranty

See all of the solar companies in Jessup

Factors that Affect Solar Panel Costs in Jessup

Though the average cost of a solar system in Jessup is $13,534, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.

Solar Equipment

When it comes to estimating the cost of solar panels in Jessup, 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 power bills. Your total cost can increase by about $3,540 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Jessup, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are a popular 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 total 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 interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The solar installer you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Jessup, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.68$15,463$7,49116.8 years
8 kW$3.61$20,220$10,38416.5 years
10 kW$3.54$24,780$13,47616.2 years
12 kW$3.47$29,141$16,76615.9 years
14 kW$3.40$33,304$20,25415.5 years
16 kW$3.33$37,269$23,94115.2 years
18 kW$3.26$41,036$27,82514.9 years
20 kW$3.19$44,604$31,90814.6 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:

  • Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
  • Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
  • Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.

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

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

Solar Veteran

Trinity Solar

★★★★★
4.0
  • Many financing options
  • Family-owned and -operated
  • Makes charitable contributions
  • Limited service area
  • Relatively short workmanship warranty

EcoWatch's Jessup, MD Solar Cost FAQs

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

The average cost of solar panels in Jessup 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 model of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important consideration when buying solar panels?

Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Is going solar worth it?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

How many solar panels should I get to power my home?

To figure out how many solar panels you need, you need to know how much energy your home uses 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.