Solar Panel Cost Guide in Perryville, MD (2023 Update)
- Perryville Solar Installation Cost: $13,786
- 25-Year Savings: $11,646
- Payback Period: 15.4 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Perryville
We break down average solar pricing in Perryville.
The average cost of solar panels in Perryville is 2.77 per watt.The average solar panel system size in Perryville is around 5.6 kilowatts, meaning a cost of about $10,781 for a solar installation, or $15,417 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Perryville homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $15,000 on power bills over 20 years, many homeowners in Perryville find going solar can be quite rewarding.
To get a free quote from a pre-vetted solar company in Perryville, you can click the button below.
Solar savings over time in Perryville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,172 |
| 3 years | $-8,945 |
| 5 years | $-5,718 |
| 7 years | $-2,492 |
| 9 years | $735 |
| 11 years | $3,962 |
| 13 years | $7,189 |
| 15 years | $10,416 |
| 17 years | $13,643 |
| 19 years | $16,869 |
| 21 years | $20,096 |
| 23 years | $23,323 |
| 25 years | $26,550 |
Top Solar Installers in Perryville
Many homeowners choose to hire a solar installer since trying to put up solar panels on your own can be hard. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Perryville
Factors that Affect Solar Panel Costs in Perryville
While the average cost of a solar system in Perryville is $10,781, your final cost may differ. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Perryville average.
Solar Financing Terms
Most solar companies in Perryville have solar loans, which reduce the initial cost of installing solar.It's wise to factor 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Perryville, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by promoting 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 | $3.68 | $15,463 | $8,731 | 16.0 years |
| 8 kW | $3.61 | $20,220 | $12,038 | 15.7 years |
| 10 kW | $3.54 | $24,780 | $15,543 | 15.4 years |
| 12 kW | $3.47 | $29,141 | $19,247 | 15.1 years |
| 14 kW | $3.40 | $33,304 | $23,148 | 14.7 years |
| 16 kW | $3.33 | $37,269 | $27,248 | 14.4 years |
| 18 kW | $3.26 | $41,036 | $31,546 | 14.1 years |
| 20 kW | $3.19 | $44,604 | $36,043 | 13.8 years |
How to Save on Solar Panels
There are a lot of companies available in Perryville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
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 Perryville, MD Solar Cost FAQs
How much does it cost to install solar panels in Perryville?
This is a tough question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality 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.
Are solar panels free in Perryville?
You can't get solar panels for free in Perryville. 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 prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Perryville?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger 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.