Solar Panel Cost Guide in Joppatowne, MD (Mar 2023)
- Joppatowne Solar Installation Cost: $10,820
- 25-Year Savings: $10,074
- Payback Period: 13.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Joppatowne
Let's have a look at the average cost of solar panels in Joppatowne.
The national average cost of solar panels is $2.66 per watt, but in Joppatowne it's 2.77 per watt. The average solar panel system size in Joppatowne is around 5.6 kilowatts, meaning a cost of about $10,820 for a solar installation, or $15,473 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Joppatowne can save around $14,000 on their energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Joppatowne
| Year | Return on Investment |
|---|---|
| 1 years | $-9,984 |
| 3 years | $-8,312 |
| 5 years | $-6,641 |
| 7 years | $-4,969 |
| 9 years | $-3,298 |
| 11 years | $-1,626 |
| 13 years | $45 |
| 15 years | $1,717 |
| 17 years | $3,388 |
| 19 years | $5,060 |
| 21 years | $6,731 |
| 23 years | $8,403 |
| 25 years | $10,074 |
Top Solar Installers in Joppatowne
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with an installer can make swapping over to solar power much easier. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for you.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Technology
Tesla Energy
- 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
See all of the solar companies in Joppatowne
Factors that Affect Solar Panel Costs in Joppatowne
For many Joppatowne homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Joppatowne, 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
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you only 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 Joppatowne to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. 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 finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Joppatowne, you'll have many options to choose from, but each comes at different price points for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $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
The solar installer you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Installation Process: An important thing to understand when going solar 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 acquire and how long the project will take.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Before you sign a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
Best Technology
Tesla Energy
- 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
EcoWatch's Joppatowne, MD Solar Cost FAQs
What is the average cost of installing 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 real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Joppatowne?
Leasing solar panels can be an appealing choice, as it often 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will installing solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Joppatowne is currently $272,800, which means you can look forward to a value of about $11,185 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Joppatowne is a worthwhile investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.