Solar Panel Cost Guide in Marlton, MD (2024 Update)

  • Marlton Solar Installation Cost: $13,517
  • 25-Year Savings: $10,674
  • Payback Period: 15.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Marlton

We go over average solar pricing in Marlton.

The national average cost of solar panels is $2.66 per watt, but in Marlton it’s 4 per watt.Using this figure, a typical 5.5-kW system would cost about $13,517 before the 0 federal solar tax credit is applied.

Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar system you want to get, your solar contractor and more.Many homeowners find adopting solar power is a sound investment. The average homeowner in Marlton can save around $15,000 on their electricity bills over 20 years.

To see your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Marlton

YearReturn 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 Marlton

Installing solar panels yourself can be a time-consuming project, which is why hiring a solar installation company is a good option for many homeowners. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your family.

If you're looking for a solar company in Marlton, the EcoWatch team has put together a list of our top suggestions here:

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Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Marlton

Factors that Affect Solar Panel Costs in Marlton

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Marlton: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Marlton, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by offering 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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.68$15,463$7,91116.5 years
8 kW$3.61$20,220$10,94516.2 years
10 kW$3.54$24,780$14,17715.9 years
12 kW$3.47$29,141$17,60715.6 years
14 kW$3.40$33,304$21,23615.3 years
16 kW$3.33$37,269$25,06214.9 years
18 kW$3.26$41,036$29,08714.6 years
20 kW$3.19$44,604$33,31014.3 years

How to Save on Solar Panels

There are a large number of companies available in Marlton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
  • 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 kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
  • Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Warranty: If you care about the longevity of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Marlton, MD Solar Cost FAQs

What is the average cost of installing solar panels in Marlton?

The average cost of solar panels in Marlton is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Marlton?

Leasing solar panels can be an attractive choice, as it usually 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 get the most savings.

How will solar panels impact the value of my home?

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 Marlton is currently $452,550, so you can expect a value of about $18,555 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Marlton is a rewarding investment.

How long do solar panels last in Marlton?

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.