Solar Panel Cost Guide in Stevensville, MD (2024 Update)
- Stevensville Solar Installation Cost: $13,609
- 25-Year Savings: $12,553
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Stevensville
Find out how much it might cost to install solar panels in Stevensville.
The national average cost of solar panels is $2.66 per watt, but in Stevensville it’s 4 per watt.To cover the typical energy usage of the average home in Stevensville, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,609, or $19,461 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Stevensville homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a rewarding investment. The average homeowner in Stevensville can save around $16,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar company in Stevensville for a quote for your home.
Solar savings over time in Stevensville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,896 |
| 3 years | $-8,471 |
| 5 years | $-5,045 |
| 7 years | $-1,619 |
| 9 years | $1,807 |
| 11 years | $5,233 |
| 13 years | $8,659 |
| 15 years | $12,085 |
| 17 years | $15,511 |
| 19 years | $18,936 |
| 21 years | $22,362 |
| 23 years | $25,788 |
| 25 years | $29,214 |
Top Solar Installers in Stevensville
Installing solar panels by yourself can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be valuable as well, particularly if you aren’t sure what type of solar equipment would be right for your home.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best for Leasing
Sunrun
- 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 Stevensville
Factors that Affect Solar Panel Costs in Stevensville
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Stevensville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Stevensville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by around $3,540 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Stevensville have solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can impact the cost. Stevensville’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut 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 | $3.68 | $15,463 | $9,885 | 15.3 years |
| 8 kW | $3.61 | $20,220 | $13,576 | 15.0 years |
| 10 kW | $3.54 | $24,780 | $17,466 | 14.7 years |
| 12 kW | $3.47 | $29,141 | $21,554 | 14.4 years |
| 14 kW | $3.40 | $33,304 | $25,840 | 14.1 years |
| 16 kW | $3.33 | $37,269 | $30,325 | 13.8 years |
| 18 kW | $3.26 | $41,036 | $35,007 | 13.5 years |
| 20 kW | $3.19 | $44,604 | $39,888 | 13.2 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 select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Stevensville, MD Solar Cost FAQs
What is the average cost of installing solar panels in Stevensville?
The average cost of solar panels in Stevensville is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.