Solar Panel Cost Guide in Maryland City, MD (Feb 2023)
- Maryland City Solar Installation Cost: $10,354
- 25-Year Savings: $10,540
- Payback Period: 12.4 Years
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Top Solar Installers in Maryland City
Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be challenging. Some solar installers, particularly local ones, can help you make the most of incentives in Maryland City, optimizing your ROI.
If you're on the hunt for a solar company in Maryland City, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Maryland City
Factors that Affect Solar Panel Costs in Maryland City
There are several criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,770. There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Maryland City homeowners opt to finance their solar panel systems to offset upfront costs. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can impact your pricing. Maryland City's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Maryland City have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$11,357||12.9 years|
|8 kW||$2.83||$15,822||$15,453||12.6 years|
|10 kW||$2.77||$19,390||$19,704||12.4 years|
|12 kW||$2.71||$22,803||$24,110||12.2 years|
|14 kW||$2.66||$26,060||$28,671||11.9 years|
|16 kW||$2.60||$29,163||$33,387||11.7 years|
|18 kW||$2.55||$32,110||$38,259||11.4 years|
|20 kW||$2.49||$34,902||$43,285||11.2 years|
How to Save on Solar Panels
There are a large number of companies to choose from in Maryland City, 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: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: The kind of solar panel you need plays a part in which installer you should choose, since different companies have different panels.
- Warranty: If you care about the endurance of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Maryland City, MD Solar Cost FAQs
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.