Solar Panel Cost Guide in Paramount-Long Meadow, MD (2023 Update)

  • Paramount-Long Meadow Solar Installation Cost: $11,072
  • 25-Year Savings: $5,282
  • Payback Period: 16.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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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 Paramount-Long Meadow

Find out what the average cost of solar panels are in Paramount-Long Meadow.

In Paramount-Long Meadow, solar panels cost about 2.77 per watt on average. Because a 5.7-kW system is needed to cover the energy usage of a typical home in Paramount-Long Meadow, the average price of going solar will be about $11,072 after claiming the federal solar tax credit of 30%.

How much you pay can be above or below the average in Paramount-Long Meadow depending on a few factors, such as the model of solar panels you choose and the solar company you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Paramount-Long Meadow can save around $11,000 on their energy bills over 20 years.

For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Paramount-Long Meadow

Year Return on Investment
1 years $-9,819
3 years $-7,314
5 years $-4,809
7 years $-2,304
9 years $201
11 years $2,707
13 years $5,212
15 years $7,717
17 years $10,222
19 years $12,727
21 years $15,232
23 years $17,737
25 years $20,243

Top Solar Installers in Paramount-Long Meadow

Many homeowners choose to use a solar panel company since trying to put up solar panels yourself can be time-consuming. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.

You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Paramount-Long Meadow:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 Paramount-Long Meadow

Factors that Affect Solar Panel Costs in Paramount-Long Meadow

For many Paramount-Long Meadow homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Paramount-Long Meadow, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Paramount-Long Meadow, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar companies in Paramount-Long Meadow offer solar loans, which reduce the initial cost of installing solar panels. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.

Solar Panel Installation Company

Finally, the company you get to install your solar panels can play a role in determining the cost. Paramount-Long Meadow's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also fit into your budget.

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 $5,085 17.6 years
8 kW $2.83 $15,822 $7,090 17.3 years
10 kW $2.77 $19,390 $9,250 16.9 years
12 kW $2.71 $22,803 $11,566 16.6 years
14 kW $2.66 $26,060 $14,036 16.2 years
16 kW $2.60 $29,163 $16,662 15.9 years
18 kW $2.55 $32,110 $19,443 15.6 years
20 kW $2.49 $34,902 $22,379 15.2 years

How to Save on Solar Panels

There are numerous companies to choose from in Paramount-Long Meadow, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
  • 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 positive reviews from previous customers.
  • Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
  • Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Paramount-Long Meadow, MD Solar Cost FAQs

How much does it cost to install solar panels in Paramount-Long Meadow?

This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Is it better to lease or buy solar panels in Paramount-Long Meadow?

Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback 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 maximize your savings.

Do solar panels increase your home value?

Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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