Solar Panel Cost Guide in Sykesville, MD (2025 Update)
- Sykesville Solar Installation Cost: $14,044
- 25-Year Savings: $7,619
- Payback Period: 18.9 Years
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Average Cost of Solar Panels in Sykesville
Here’s how much it might cost to go solar in Sykesville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sykesville, the typical cost of solar panels is 4 per watt.To cover the typical energy usage of the average home in Sykesville, most homeowners require a 5.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,044, or $20,083 before the federal solar tax credit of 0 is applied.
The true price you pay can go higher or lower than the average in Sykesville based on several factors, such as the model of solar panels you choose and the solar installer you hire.With average savings of about $12,000 on energy bills over 20 years, many homeowners in Sykesville find installing solar panels has a decent ROI.
You can click the button below to get connected with a top solar installer in Sykesville for a quote for your home.
Solar savings over time in Sykesville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,629 |
| 3 years | $-9,801 |
| 5 years | $-6,972 |
| 7 years | $-4,143 |
| 9 years | $-1,315 |
| 11 years | $1,514 |
| 13 years | $4,343 |
| 15 years | $7,172 |
| 17 years | $10,000 |
| 19 years | $12,829 |
| 21 years | $15,658 |
| 23 years | $18,487 |
| 25 years | $21,315 |
Top Solar Installers in Sykesville
Putting up solar panels by yourself can be a difficult project, which is why using a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Sykesville
Factors that Affect Solar Panel Costs in Sykesville
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Sykesville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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 about $3,540. The brand and type of equipment you choose for your solar system can raise or lower 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 a small roof 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total 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 finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Sykesville, you’ll have many options to choose from, but each comes at different price points for labor and equipment.The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more 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 promotion can bring their pricing down to compete with bigger names.
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 | $4,238 | 19.6 years |
| 8 kW | $3.61 | $20,220 | $6,047 | 19.2 years |
| 10 kW | $3.54 | $24,780 | $8,054 | 18.9 years |
| 12 kW | $3.47 | $29,141 | $10,260 | 18.5 years |
| 14 kW | $3.40 | $33,304 | $12,663 | 18.1 years |
| 16 kW | $3.33 | $37,269 | $15,266 | 17.7 years |
| 18 kW | $3.26 | $41,036 | $18,066 | 17.4 years |
| 20 kW | $3.19 | $44,604 | $21,064 | 17.0 years |
How to Save on Solar Panels
There are numerous companies available in Sykesville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you want plays a role in which installer you should choose, since different companies provide different panels.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Sykesville, MD Solar Cost FAQs
What is the average cost of installing solar panels in Sykesville?
The average cost of solar panels in Sykesville is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt 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 solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sykesville is currently $517,948, which means you could be looking at a value of about $21,236 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sykesville is a fruitful investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.