Solar Panel Cost Guide in Landover, MD (Mar 2023)
- Landover Solar Installation Cost: $10,568
- 25-Year Savings: $11,526
- Payback Period: 12.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Landover
Find out how much it might cost to install solar panels in Landover.
While the national average of solar panels is $2.66 per watt, solar panels in Landover generally cost about 2.77. The average Landover homeowner needs a 5.5-kilowatt system, which would cost about $10,568 with the federal tax credit, or $15,112 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what company you go with. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Landover can save about $15,000 on their power bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Landover
| Year | Return on Investment |
|---|---|
| 1 years | $-9,684 |
| 3 years | $-7,916 |
| 5 years | $-6,149 |
| 7 years | $-4,381 |
| 9 years | $-2,614 |
| 11 years | $-846 |
| 13 years | $921 |
| 15 years | $2,689 |
| 17 years | $4,456 |
| 19 years | $6,224 |
| 21 years | $7,991 |
| 23 years | $9,759 |
| 25 years | $11,526 |
Top Solar Installers in Landover
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Some solar installers, particularly local ones, can help you better understand incentives in Landover, optimizing your ROI.
If you'd like to make the switch to solar but still aren't certain which solar system company to go with, here are our suggestions for providers in Landover:
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 Landover
Factors that Affect Solar Panel Costs in Landover
For many Landover homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Landover, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Landover, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by around $2,770 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your all-in costs, so it's vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Landover, you'll have lots of 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 undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $12,202 | 12.4 years |
| 8 kW | $2.83 | $15,822 | $16,580 | 12.2 years |
| 10 kW | $2.77 | $19,390 | $21,113 | 12.0 years |
| 12 kW | $2.71 | $22,803 | $25,801 | 11.7 years |
| 14 kW | $2.66 | $26,060 | $30,644 | 11.5 years |
| 16 kW | $2.60 | $29,163 | $35,642 | 11.3 years |
| 18 kW | $2.55 | $32,110 | $40,795 | 11.0 years |
| 20 kW | $2.49 | $34,902 | $46,104 | 10.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Landover, MD Solar Cost FAQs
How much does it cost to install solar panels in Landover?
This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Landover?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Landover?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Landover?
Although 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 how much energy they produce will have decreased significantly after that point. You can decide 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.