Solar Panel Cost Guide in Parole, MD (2024 Update)

  • Parole Solar Installation Cost: $13,244
  • 25-Year Savings: $10,531
  • Payback Period: 15.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

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 Parole

Find out how much it might cost to make the switch to solar in Parole.

Although the national average of solar panels is $2.66 per watt, solar panels in Parole typically cost about 4.To cover the typical energy needs of the average home in Parole, most homeowners require a 5.3-kilowatt system. Using the figure above, a solar installation costs around $13,244, or $18,939 before the federal solar tax credit of 0 is applied.

These figures are just averages, and your own solar costs will most likely differ based on factors unique to your home and what company you go with.With typical savings of about $15,000 on electricity bills over 20 years, many homeowners in Parole find investing in solar can pay off big.

You can click the button below to get connected with a top solar company in Parole that can help you get a more accurate cost estimate for your home.

Solar savings over time in Parole

Year Return on Investment
1 years $-11,829
3 years $-9,001
5 years $-6,172
7 years $-3,343
9 years $-514
11 years $2,314
13 years $5,143
15 years $7,972
17 years $10,801
19 years $13,629
21 years $16,458
23 years $19,287
25 years $22,115

Top Solar Installers in Parole

Many homeowners decide to use a solar panel installer since trying to put up solar panels on your own can be time-consuming. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for you.

Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:

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 Parole

Factors that Affect Solar Panel Costs in Parole

The cost of installing a solar system in Parole can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, 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 looking into a solar system that’s in your budget.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Parole, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your overall costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installer you go with to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Parole, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 $3.68 $15,463 $7,994 16.5 years
8 kW $3.61 $20,220 $11,055 16.2 years
10 kW $3.54 $24,780 $14,314 15.8 years
12 kW $3.47 $29,141 $17,771 15.5 years
14 kW $3.40 $33,304 $21,427 15.2 years
16 kW $3.33 $37,269 $25,281 14.9 years
18 kW $3.26 $41,036 $29,333 14.6 years
20 kW $3.19 $44,604 $33,583 14.3 years

How to Save on Solar Panels

Since the brand of solar panels and the installation company you choose considerably impacts your costs and your system’s durability and efficiency, 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 looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
  • Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
  • Warranty: If you care about the longevity of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.

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 Parole, MD Solar Cost FAQs

How much does it cost to install solar panels in Parole?

The average cost of solar panels in Parole is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Parole?

You can’t get solar panels for free in Parole. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.

Does Parole have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.

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.

Follow us