Solar Panel Cost Guide in Odenton, MD (Feb 2023)
- Odenton Solar Installation Cost: $10,354
- 25-Year Savings: $10,540
- Payback Period: 12.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Top Solar Installers in Odenton
When making the switch to solar, many homeowners choose to use a solar company since DIY solar panel installation can be a difficult project. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you're searching for a solar company in Odenton, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Odenton
Factors that Affect Solar Panel Costs in Odenton
For many Odenton homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Odenton, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
When it comes to estimating the cost of a solar energy system in Odenton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $2,770 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Odenton, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Odenton homeowners decide 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 choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can play a part in determining your pricing. Odenton's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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||$11,357||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
Since the brand of solar panels and the installer 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:
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should opt for, since different companies provide different panels.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
EcoWatch's Odenton, 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.