Solar Panel Cost Guide in Salisbury, MD (2023 Update)
- Salisbury Solar Installation Cost: $10,451
- 25-Year Savings: $14,453
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Salisbury
Find out how much it might cost to install solar panels in Salisbury.
In Salisbury, solar panels cost about 2.77 per watt on average. Because a 5.4-kW system is needed to cover the energy costs of a typical home in Salisbury, the average price of going solar will be about $10,451 after claiming the federal solar tax credit of 30%.
How much you pay can go higher or lower than the average in Salisbury depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. Even with the significant initial cost, the average Salisbury homeowner can save about $18,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Salisbury
| Year | Return on Investment |
|---|---|
| 1 years | $-9,455 |
| 3 years | $-7,463 |
| 5 years | $-5,470 |
| 7 years | $-3,478 |
| 9 years | $-1,486 |
| 11 years | $506 |
| 13 years | $2,499 |
| 15 years | $4,491 |
| 17 years | $6,483 |
| 19 years | $8,476 |
| 21 years | $10,468 |
| 23 years | $12,460 |
| 25 years | $14,453 |
Top Solar Installers in Salisbury
Installing solar panels by yourself can be a stressful undertaking, which is why getting a solar installation company is a good option for many homeowners. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
If you're on the hunt for a solar installer in Salisbury, the EcoWatch team has organized 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 Salisbury
Factors that Affect Solar Panel Costs in Salisbury
For many Salisbury homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Salisbury, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,770. The brand of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Salisbury provide solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can impact the cost. Salisbury's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Salisbury are more knowledgeable about local solar incentives and can help you make good use of 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 end up saving you 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 | $2.88 | $12,099 | $15,616 | 10.9 years |
| 8 kW | $2.83 | $15,822 | $21,132 | 10.7 years |
| 10 kW | $2.77 | $19,390 | $26,802 | 10.5 years |
| 12 kW | $2.71 | $22,803 | $32,628 | 10.3 years |
| 14 kW | $2.66 | $26,060 | $38,609 | 10.1 years |
| 16 kW | $2.60 | $29,163 | $44,745 | 9.9 years |
| 18 kW | $2.55 | $32,110 | $51,036 | 9.7 years |
| 20 kW | $2.49 | $34,902 | $57,482 | 9.4 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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 Salisbury, MD Solar Cost FAQs
What is the average cost of installing solar panels in Salisbury?
This is a tough question to answer exactly, because the cost depends on a few different 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Salisbury?
You can't get solar panels for free in Salisbury. However, you may still be able to install 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.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
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 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.