Solar Panel Cost Guide in Timonium, MD (2025 Update)
- Timonium Solar Installation Cost: $13,849
- 25-Year Savings: $10,057
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Timonium
Find out what the average cost of solar panels are in Timonium.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Timonium, the typical cost of a solar system is 4 per watt.To cover the typical energy needs of the average home in Timonium, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs around $13,849, or $19,804 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Timonium can save about $14,000 on their electricity bills over 20 years.
To receive a free quote from a top solar installer in Timonium, you can click the button below.
Solar savings over time in Timonium
Year | Return on Investment |
---|---|
1 years | $-12,435 |
3 years | $-9,606 |
5 years | $-6,777 |
7 years | $-3,949 |
9 years | $-1,120 |
11 years | $1,709 |
13 years | $4,538 |
15 years | $7,366 |
17 years | $10,195 |
19 years | $13,024 |
21 years | $15,853 |
23 years | $18,681 |
25 years | $21,510 |
Top Solar Installers in Timonium
Installing solar panels yourself can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
If you're looking for a solar installer in Timonium, we've organized a list of our top suggestions here:
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 Timonium
Factors that Affect Solar Panel Costs in Timonium
The cost of installing a solar system in Timonium can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,540 per kilowatt in Timonium.The brand of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than 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 falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Timonium, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can play a role in determining your pricing. Timonium’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $6,968 | 17.2 years |
8 kW | $3.61 | $20,220 | $9,687 | 16.9 years |
10 kW | $3.54 | $24,780 | $12,605 | 16.6 years |
12 kW | $3.47 | $29,141 | $15,720 | 16.2 years |
14 kW | $3.40 | $33,304 | $19,034 | 15.9 years |
16 kW | $3.33 | $37,269 | $22,546 | 15.6 years |
18 kW | $3.26 | $41,036 | $26,257 | 15.2 years |
20 kW | $3.19 | $44,604 | $30,165 | 14.9 years |
How to Save on Solar Panels
There are a lot of companies available in Timonium, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project completion timeline incentives and warranties.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
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 Timonium, MD Solar Cost FAQs
How much does it cost to install solar panels in Timonium?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,700 for a 5-kW system and $35,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Timonium?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels eliminate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Timonium, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Timonium?
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 higher 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.