Solar Panel Cost Guide in Stevensville, MD (Mar 2023)
- Stevensville Solar Installation Cost: $10,645
- 25-Year Savings: $12,557
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Stevensville
Find out what the average cost of installing solar panels is in Stevensville.
Although the national average of solar panels is $2.66 per watt, solar panels in Stevensville generally cost about 2.77. Since a 5.5-kW system is needed to cover the energy needs of a typical home in Stevensville, the average price of going solar will be about $10,645 after claiming the federal solar tax credit of 30%.
These figures are only averages, and your own solar costs may vary based on your specific situation and what company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Stevensville can save around $16,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Stevensville
| Year | Return on Investment |
|---|---|
| 1 years | $-9,717 |
| 3 years | $-7,861 |
| 5 years | $-6,005 |
| 7 years | $-4,148 |
| 9 years | $-2,292 |
| 11 years | $-436 |
| 13 years | $1,420 |
| 15 years | $3,276 |
| 17 years | $5,132 |
| 19 years | $6,989 |
| 21 years | $8,845 |
| 23 years | $10,701 |
| 25 years | $12,557 |
Top Solar Installers in Stevensville
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be time-consuming. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for your family.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Technology
Tesla Energy
- 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
See all of the solar companies in Stevensville
Factors that Affect Solar Panel Costs in Stevensville
Though the average cost of a solar system in Stevensville is $10,645, your final 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 crucial things to keep in mind.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,770. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Stevensville have solar loans, which reduce the initial cost of installing solar. While solar loans make going solar more accessible for Stevensville homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Stevensville is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets. Some companies 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 cost more. It's best to do some research and go with the company that provides 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 | $2.88 | $12,099 | $13,248 | 11.9 years |
| 8 kW | $2.83 | $15,822 | $17,975 | 11.7 years |
| 10 kW | $2.77 | $19,390 | $22,856 | 11.5 years |
| 12 kW | $2.71 | $22,803 | $27,893 | 11.2 years |
| 14 kW | $2.66 | $26,060 | $33,084 | 11.0 years |
| 16 kW | $2.60 | $29,163 | $38,431 | 10.8 years |
| 18 kW | $2.55 | $32,110 | $43,933 | 10.6 years |
| 20 kW | $2.49 | $34,902 | $49,590 | 10.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When making the switch to solar energy, it's crucial to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although 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 make sure you take a look at their list of options before deciding.
Best Technology
Tesla Energy
- 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
EcoWatch's Stevensville, MD Solar Cost FAQs
How much does it cost to install solar panels in Stevensville?
The average cost of solar panels in Stevensville 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Stevensville is currently $375,500, which means you could be looking at a value of about $15,396 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Stevensville is a worthwhile investment.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.