Solar Panel Cost Guide in Marlboro Village, MD (2023 Update)
- Marlboro Village Solar Installation Cost: $10,568
- 25-Year Savings: $10,940
- Payback Period: 12.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Marlboro Village
We break down average solar pricing in Marlboro Village.
The national average cost of solar panels is $2.66 per watt, but in Marlboro Village it's 2.77 per watt. To cover the typical energy needs of the average home in Marlboro Village, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,568, or $15,112 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. With average savings of about $15,000 on energy bills over 20 years, many homeowners in Marlboro Village find installing solar panels can pay off big.
You can click the button below to get connected with a vetted solar company in Marlboro Village for a quote for your home.
Solar savings over time in Marlboro Village
| Year | Return on Investment |
|---|---|
| 1 years | $-9,707 |
| 3 years | $-7,987 |
| 5 years | $-6,266 |
| 7 years | $-4,545 |
| 9 years | $-2,825 |
| 11 years | $-1,104 |
| 13 years | $616 |
| 15 years | $2,337 |
| 17 years | $4,058 |
| 19 years | $5,778 |
| 21 years | $7,499 |
| 23 years | $9,220 |
| 25 years | $10,940 |
Top Solar Installers in Marlboro Village
Putting up solar panels yourself can be a stressful undertaking, which is why using a solar installer is a good option for many homeowners. Another advantage of working with a solar installer is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Marlboro Village
Factors that Affect Solar Panel Costs in Marlboro Village
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Marlboro Village: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Marlboro Village homeowners opt to finance their solar panel systems to make paying for solar more affordable. While solar loans make switching to solar energy more accessible for Marlboro Village homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
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 Marlboro Village is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $11,558 | 12.8 years |
| 8 kW | $2.83 | $15,822 | $15,721 | 12.5 years |
| 10 kW | $2.77 | $19,390 | $20,039 | 12.3 years |
| 12 kW | $2.71 | $22,803 | $24,512 | 12.0 years |
| 14 kW | $2.66 | $26,060 | $29,140 | 11.8 years |
| 16 kW | $2.60 | $29,163 | $33,923 | 11.6 years |
| 18 kW | $2.55 | $32,110 | $38,862 | 11.3 years |
| 20 kW | $2.49 | $34,902 | $43,955 | 11.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Marlboro Village, MD Solar Cost FAQs
How much does it cost to install solar panels in Marlboro Village?
The average cost of solar panels in Marlboro Village 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Marlboro Village?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last 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 higher amount 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.