Solar Panel Cost Guide in Laurel, MD (2025 Update)
- Laurel Solar Installation Cost: $13,517
- 25-Year Savings: $10,984
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Laurel
We go over average solar pricing in Laurel.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Laurel, the typical cost of solar panels is 4 per watt.The average solar panel system size in Laurel is around 5.5 kilowatts, meaning a cost of about $13,517 for a solar installation, or $19,329 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Laurel depending on several factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a solid investment. The average homeowner in Laurel can save about $15,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Laurel that can help you get a more accurate cost estimate for your home.
Solar savings over time in Laurel
| Year | Return on Investment |
|---|---|
| 1 years | $-12,103 |
| 3 years | $-9,274 |
| 5 years | $-6,445 |
| 7 years | $-3,616 |
| 9 years | $-788 |
| 11 years | $2,041 |
| 13 years | $4,870 |
| 15 years | $7,698 |
| 17 years | $10,527 |
| 19 years | $13,356 |
| 21 years | $16,185 |
| 23 years | $19,013 |
| 25 years | $21,842 |
Top Solar Installers in Laurel
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar company can make your switch to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you’d like to start using solar energy but still aren’t certain which solar panel installer to go with, here are our recommendations for providers in Laurel:
See all of the solar companies in Laurel
Factors that Affect Solar Panel Costs in Laurel
While the average cost of a solar system in Laurel is $13,517, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Laurel offer solar loans, which reduce your upfront costs of installing solar.While solar loans make switching to solar energy more accessible for Laurel homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Laurel is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that provide a range of services for different budgets.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for 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 | $8,252 | 16.3 years |
| 8 kW | $3.61 | $20,220 | $11,400 | 16.0 years |
| 10 kW | $3.54 | $24,780 | $14,745 | 15.7 years |
| 12 kW | $3.47 | $29,141 | $18,289 | 15.4 years |
| 14 kW | $3.40 | $33,304 | $22,031 | 15.0 years |
| 16 kW | $3.33 | $37,269 | $25,971 | 14.7 years |
| 18 kW | $3.26 | $41,036 | $30,110 | 14.4 years |
| 20 kW | $3.19 | $44,604 | $34,447 | 14.1 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Laurel, MD Solar Cost FAQs
What is the average cost of installing solar panels in Laurel?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,700 for a 5-kW system and $35,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Laurel have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.