Solar Panel Cost Guide in Mays Chapel, MD (2025 Update)
- Mays Chapel Solar Installation Cost: $13,849
- 25-Year Savings: $10,057
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Mays Chapel
Find out how much it might cost to switch to solar power in Mays Chapel.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mays Chapel, the typical cost of a solar system is 4 per watt.The average Mays Chapel homeowner needs a 5.6-kilowatt system, which would cost about $13,849 with the federal tax credit, or $19,804 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Mays Chapel homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $14,000 on power bills over 20 years, many homeowners in Mays Chapel find investing in solar has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mays Chapel
Year | Return on Investment |
---|---|
1 years | $-12,435 |
3 years | $-9,606 |
5 years | $-6,777 |
7 years | $-3,949 |
9 years | $-1,120 |
11 years | $1,709 |
13 years | $4,538 |
15 years | $7,366 |
17 years | $10,195 |
19 years | $13,024 |
21 years | $15,853 |
23 years | $18,681 |
25 years | $21,510 |
Top Solar Installers in Mays Chapel
Putting up solar panels by yourself can be a time-consuming project, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for you.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best for Leasing
Sunrun
- 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 Mays Chapel
Factors that Affect Solar Panel Costs in Mays Chapel
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Mays Chapel: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,540 per kilowatt in Mays Chapel.The brand and type of equipment you want 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 a small roof 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 raise the cost.
Solar Financing Terms
Most solar installers in Mays Chapel have solar loans, which reduce your upfront costs of installing a solar system.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Mays Chapel is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different costs.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $6,968 | 17.2 years |
8 kW | $3.61 | $20,220 | $9,687 | 16.9 years |
10 kW | $3.54 | $24,780 | $12,605 | 16.6 years |
12 kW | $3.47 | $29,141 | $15,720 | 16.2 years |
14 kW | $3.40 | $33,304 | $19,034 | 15.9 years |
16 kW | $3.33 | $37,269 | $22,546 | 15.6 years |
18 kW | $3.26 | $41,036 | $26,257 | 15.2 years |
20 kW | $3.19 | $44,604 | $30,165 | 14.9 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the completion timeline.
- Contract: Before you sign a contract with a solar installer, make sure you look it over 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 what services you can expect from them.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Mays Chapel, MD Solar Cost FAQs
What is the average cost of installing solar panels in Mays Chapel?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.