Solar Panel Cost Guide in Joppatowne, MD (2023 Update)
- Joppatowne Solar Installation Cost: $10,824
- 25-Year Savings: $10,070
- Payback Period: 13.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Joppatowne
Let's have a look at the average cost of solar in Joppatowne.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Joppatowne, the typical cost of solar panels is 2.77 per watt. To cover the typical energy needs of the average home in Joppatowne, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs about $10,820, or $15,473 before the federal solar tax credit of 30% is applied.
The true cost of your system can go higher or lower than the average in Joppatowne depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire. With average savings of about $14,000 on utility bills over 20 years, many homeowners in Joppatowne find investing in solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Joppatowne that can help you get a more accurate cost estimate for your home.
Solar savings over time in Joppatowne
| Year | Return on Investment |
|---|---|
| 1 years | $-10,755 |
| 3 years | $-10,615 |
| 5 years | $-10,476 |
| 7 years | $-10,337 |
| 9 years | $-10,197 |
| 11 years | $-10,058 |
| 13 years | $-9,919 |
| 15 years | $-9,779 |
| 17 years | $-9,640 |
| 19 years | $-9,501 |
| 21 years | $-9,362 |
| 23 years | $-9,222 |
| 25 years | $-9,083 |
Top Solar Installers in Joppatowne
Although it's possible to install solar panels yourself, it takes extra effort and expertise. That's why most people choose to hire a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're on the hunt for a solar company in Joppatowne, we've organized a list of our top suggestions here:
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 Joppatowne
Factors that Affect Solar Panel Costs in Joppatowne
There are many criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar system in Joppatowne, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $2,770 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking 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
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Joppatowne, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $10,358 | 13.5 years |
| 8 kW | $2.83 | $15,822 | $14,120 | 13.2 years |
| 10 kW | $2.77 | $19,390 | $18,038 | 13.0 years |
| 12 kW | $2.71 | $22,803 | $22,111 | 12.7 years |
| 14 kW | $2.66 | $26,060 | $26,339 | 12.4 years |
| 16 kW | $2.60 | $29,163 | $30,722 | 12.2 years |
| 18 kW | $2.55 | $32,110 | $35,261 | 11.9 years |
| 20 kW | $2.49 | $34,902 | $39,954 | 11.7 years |
How to Save on Solar Panels
There are many companies available in Joppatowne, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
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 Joppatowne, MD Solar Cost FAQs
How much does it cost to install solar panels in Joppatowne?
The average cost of solar panels in Joppatowne is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Joppatowne?
You can't get solar panels for free in Joppatowne. However, you may still be able to install 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.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $748.56 per year.
How long do solar panels last in Joppatowne?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.