Solar Panel Cost Guide in Perryville, MD (2024 Update)
- Perryville Solar Installation Cost: $13,786
- 25-Year Savings: $11,646
- Payback Period: 15.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Perryville
See how much it might cost to go solar in Perryville.
The national average cost of solar panels is $2.66 per watt, but in Perryville it’s 4 per watt.To cover the typical energy needs of the average home in Perryville, most homeowners require a 5.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,786, or $19,714 before the federal solar tax credit of 0 is applied.
The actual price you pay can go higher or lower than the average in Perryville based on several factors, such as the model of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on power bills.
To get a free estimate from a highly rated solar installer 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
Although you can install solar panels by yourself, it takes extra energy and handiness. That's one of the reasons most homeowners choose to hire a solar panel installer. Also, if you’d like to maximize your investment in solar energy, opting for a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Perryville
Factors that Affect Solar Panel Costs in Perryville
The cost of installing a solar system in Perryville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The model of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, 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 for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Perryville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact the cost. Perryville’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 choose a company that offers the products, warranties and services you want and also fits within 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 | $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 to choose from in Perryville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Reputation: Your solar installer should have a solid 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Perryville, MD Solar Cost FAQs
How much does it cost to install solar panels in Perryville?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,700 for a 5-kW system and $35,400 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper 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 rather own your solar panels, you can finance them with a solar loan.
How will solar panels impact how much my home is worth?
Solar panels can increase your home value remarkably 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."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 account for 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.