Solar Panel Cost Guide in Mitchellville, MD (2023 Update)
- Mitchellville Solar Installation Cost: $10,577
- 25-Year Savings: $11,117
- Payback Period: 12.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mitchellville
See how much it might cost to go solar in Mitchellville.
The national average cost of solar panels is $2.66 per watt, but in Mitchellville it's 2.77 per watt. To cover the typical energy usage of the average home in Mitchellville, 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.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary depending on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Mitchellville can save about $15,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Mitchellville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mitchellville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,505 |
| 3 years | $-10,360 |
| 5 years | $-10,215 |
| 7 years | $-10,071 |
| 9 years | $-9,926 |
| 11 years | $-9,782 |
| 13 years | $-9,637 |
| 15 years | $-9,492 |
| 17 years | $-9,348 |
| 19 years | $-9,203 |
| 21 years | $-9,058 |
| 23 years | $-8,914 |
| 25 years | $-8,769 |
Top Solar Installers in Mitchellville
Although you can install solar panels by yourself, it involves extra labor and expertise. For that reason, most people choose to go with a solar panel installer. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Mitchellville
Factors that Affect Solar Panel Costs in Mitchellville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Mitchellville: 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 significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,770 per kilowatt in Mitchellville. The brand of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Mitchellville to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Mitchellville, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with 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 | $11,762 | 12.7 years |
| 8 kW | $2.83 | $15,822 | $15,994 | 12.4 years |
| 10 kW | $2.77 | $19,390 | $20,380 | 12.2 years |
| 12 kW | $2.71 | $22,803 | $24,921 | 11.9 years |
| 14 kW | $2.66 | $26,060 | $29,617 | 11.7 years |
| 16 kW | $2.60 | $29,163 | $34,469 | 11.5 years |
| 18 kW | $2.55 | $32,110 | $39,476 | 11.2 years |
| 20 kW | $2.49 | $34,902 | $44,637 | 11.0 years |
How to Save on Solar Panels
Since the model 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 tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies have various brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Mitchellville, MD Solar Cost FAQs
How much does it cost to install solar panels in Mitchellville?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
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 Mitchellville is currently $355,432, so you could be looking at a value of about $14,573 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mitchellville is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 buy 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.