Solar Panel Cost Guide in Rosaryville, MD (2023 Update)
- Rosaryville Solar Installation Cost: $10,577
- 25-Year Savings: $11,007
- Payback Period: 12.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Rosaryville
We break down average solar pricing in Rosaryville.
Although the national average of solar panels is $2.66 per watt, solar panels in Rosaryville generally cost about 2.77. The average solar panel system size in Rosaryville is around 5.5 kilowatts, meaning a cost of about $10,568 for a solar installation, or $15,112 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. With typical savings of about $15,000 on utility bills over 20 years, many homeowners in Rosaryville find going solar can pay off big.
Click the button below to get connected to a vetted solar company in Rosaryville for a personalized estimate.
Solar savings over time in Rosaryville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,968 |
| 3 years | $-5,750 |
| 5 years | $-2,533 |
| 7 years | $685 |
| 9 years | $3,903 |
| 11 years | $7,120 |
| 13 years | $10,338 |
| 15 years | $13,556 |
| 17 years | $16,773 |
| 19 years | $19,991 |
| 21 years | $23,209 |
| 23 years | $26,426 |
| 25 years | $29,644 |
Top Solar Installers in Rosaryville
When making the switch to solar, many homeowners opt to use a solar installation company since putting up a solar system yourself can be a time-consuming project. Companies can also offer access to quality options of the best solar panels and help you choose which one will be best for you.
If you're looking for a solar company in Rosaryville, the EcoWatch team has put together a list of our top suggestions here:
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 Rosaryville
Factors that Affect Solar Panel Costs in Rosaryville
For many Rosaryville homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Rosaryville, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,770. The 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. However, higher efficiency could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Rosaryville average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the amount of 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 original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Rosaryville, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $2.88 | $12,099 | $11,641 | 12.7 years |
| 8 kW | $2.83 | $15,822 | $15,832 | 12.5 years |
| 10 kW | $2.77 | $19,390 | $20,178 | 12.3 years |
| 12 kW | $2.71 | $22,803 | $24,679 | 12.0 years |
| 14 kW | $2.66 | $26,060 | $29,335 | 11.8 years |
| 16 kW | $2.60 | $29,163 | $34,146 | 11.5 years |
| 18 kW | $2.55 | $32,110 | $39,113 | 11.3 years |
| 20 kW | $2.49 | $34,902 | $44,234 | 11.0 years |
How to Save on Solar Panels
There are a lot of 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: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
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 Rosaryville, MD Solar Cost FAQs
What is the average cost of installing solar panels in Rosaryville?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Rosaryville?
You can't get solar panels for free in Rosaryville. 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 want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go 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 Rosaryville?
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 how much energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.