Solar Panel Cost Guide in Pocomoke City, MD (2024 Update)
- Pocomoke City Solar Installation Cost: $12,650
- 25-Year Savings: $15,263
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Pocomoke City
We break down average solar pricing in Pocomoke City.
The national average cost of solar panels is $2.66 per watt, but in Pocomoke City it’s 4 per watt.The average solar panel system size in Pocomoke City is around 5.1 kilowatts, meaning a cost of about $12,650 for a solar installation, or $18,090 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Pocomoke City homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Pocomoke City see about $19,000 in savings on utility bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Pocomoke City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,937 |
| 3 years | $-7,511 |
| 5 years | $-4,085 |
| 7 years | $-659 |
| 9 years | $2,767 |
| 11 years | $6,193 |
| 13 years | $9,618 |
| 15 years | $13,044 |
| 17 years | $16,470 |
| 19 years | $19,896 |
| 21 years | $23,322 |
| 23 years | $26,748 |
| 25 years | $30,174 |
Top Solar Installers in Pocomoke City
Although you can install solar panels on your own, it takes extra labor and expertise. Because of that, almost all homeowners choose to go with a solar panel installer. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best National Provider
SunPower
- 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
- 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
- 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 Pocomoke City
Factors that Affect Solar Panel Costs in Pocomoke City
Even though the average cost of a solar system in Pocomoke City is $12,650, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Pocomoke City, where sunlight is 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Pocomoke City offer solar loans, which reduce your upfront costs of installing a solar system.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Pocomoke City is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points.Additionally, some companies in Pocomoke City are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $14,110 | 13.1 years |
| 8 kW | $3.61 | $20,220 | $19,210 | 12.8 years |
| 10 kW | $3.54 | $24,780 | $24,509 | 12.6 years |
| 12 kW | $3.47 | $29,141 | $30,005 | 12.3 years |
| 14 kW | $3.40 | $33,304 | $35,700 | 12.1 years |
| 16 kW | $3.33 | $37,269 | $41,593 | 11.8 years |
| 18 kW | $3.26 | $41,036 | $47,684 | 11.6 years |
| 20 kW | $3.19 | $44,604 | $53,973 | 11.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and the project timeline.
Best National Provider
SunPower
- 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
- 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
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Pocomoke City, MD Solar Cost FAQs
What is the average cost of installing solar panels in Pocomoke City?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Pocomoke City?
Solar panels aren’t free in Pocomoke City, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will having solar panels impact my property value?
Solar panels can increase your property’s value 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% after installing solar panels."
How long do solar panels last in Pocomoke City?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.