Solar Panel Cost Guide in Reisterstown, MD (Jan 2023)

  • Reisterstown Solar Installation Cost: $10,839
  • 25-Year Savings: $10,055
  • Payback Period: 13.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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 Reisterstown

Let's have a look at the average cost of solar in Reisterstown.

The average cost of a solar panel system in Reisterstown is $3 per watt. The average Reisterstown homeowner needs a 5.6-kilowatt system, which would cost about $10,839, or $8,021 after the federal solar tax credit of 30% is applied.

The true cost of your system can go above or below the average in Reisterstown depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Reisterstown find installing solar panels can be quite rewarding.

To get a free estimate from a vetted solar installer in Reisterstown, you can click the button below.

Solar savings over time in Reisterstown

Year Return on Investment
1 years $-10,003
3 years $-8,332
5 years $-6,660
7 years $-4,989
9 years $-3,317
11 years $-1,646
13 years $26
15 years $1,697
17 years $3,369
19 years $5,040
21 years $6,712
23 years $8,383
25 years $10,055

Top Solar Installers in Reisterstown

Trying to put up solar panels on your own can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be useful as well, especially if you don't quite know what brand of solar equipment would be right for your home.

If you're searching for a solar installer in Reisterstown, the EcoWatch team has organized a list of our top suggestions here:

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 Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • 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

See all of the solar companies in Reisterstown

Factors that Affect Solar Panel Costs in Reisterstown

For many Reisterstown homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Reisterstown, with typical prices between $20,000 to $40,000. There are numerous factors that greatly 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 determines the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Reisterstown, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Reisterstown, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.

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 $10,331 13.5 years
8 kW $2.83 $15,822 $14,085 13.2 years
10 kW $2.77 $19,390 $17,995 13.0 years
12 kW $2.71 $22,803 $22,059 12.7 years
14 kW $2.66 $26,060 $26,278 12.4 years
16 kW $2.60 $29,163 $30,653 12.2 years
18 kW $2.55 $32,110 $35,182 11.9 years
20 kW $2.49 $34,902 $39,867 11.7 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
  • Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.

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 Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • 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

EcoWatch's Reisterstown, MD Solar Cost FAQs

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

The average cost of solar panels in Reisterstown is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Reisterstown?

Leasing solar panels can be an appealing choice, as it commonly 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

How much can I save on electricity bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $747.69 per year.

How long do solar panels last in Reisterstown?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.

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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