Solar Panel Cost Guide in Waldorf, MD (Sep 2022)

  • Waldorf Solar Installation Cost: $10,509
  • 25-Year Savings: $9,455
  • Payback Period: 13.2 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Waldorf

Find out what the average cost of solar panels are in Waldorf.

The average cost of a solar system in Waldorf is $3 per watt. The average solar panel system size in Waldorf is around 5.4 kilowatts, meaning a cost of about $10,509 for a solar installation, or $7,777 after the 30% federal solar tax credit is applied.

How much you pay can go above or below the average in Waldorf based on a few factors, such as the kind of solar panels you choose and the solar company you hire. With average savings of about $14,000 on utility bills over 20 years, many homeowners in Waldorf find installing solar panels has a decent ROI.

Click the button below to get connected to a highly rated solar panel company in Waldorf for a custom quote.

Solar savings over time in Waldorf

Year Return on Investment
1 years $-9,711
3 years $-8,114
5 years $-6,517
7 years $-4,919
9 years $-3,322
11 years $-1,725
13 years $-128
15 years $1,469
17 years $3,066
19 years $4,663
21 years $6,260
23 years $7,857
25 years $9,455

Top Solar Installers in Waldorf

Many homeowners opt for a solar panel installer since figuring out how to install solar panels by yourself can be a lot of work. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.

There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Waldorf

Factors that Affect Solar Panel Costs in Waldorf

The cost of installing a solar system in Waldorf can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment Size

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size. Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The type of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in Waldorf offer solar loans, which reduce your upfront costs of installing solar. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.

Solar Panel Installation Company

The solar installer you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Waldorf, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.

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 $9,994 13.7 years
8 kW $2.83 $15,822 $13,636 13.4 years
10 kW $2.77 $19,390 $17,433 13.2 years
12 kW $2.71 $22,803 $21,385 12.9 years
14 kW $2.66 $26,060 $25,492 12.6 years
16 kW $2.60 $29,163 $29,754 12.4 years
18 kW $2.55 $32,110 $34,172 12.1 years
20 kW $2.49 $34,902 $38,744 11.8 years

Solar Incentives in Waldorf

Name Residential Clean Energy Rebate Program
Website Visit here
More Info Click here

Name Solar Renewable Energy Certificates (SRECs)
Website Visit here
More Info Click here

Name Sales and Use Tax Exemption for Residential Solar and Wind Electricity Sales
More Info Click here

Name Sales and Use Tax Exemption for Renewable Energy Equipment
Incentive Amount 100% exemption
More Info Click here

Name Property Tax Exemption for Solar and Wind Energy Systems
More Info Click here

Name Clean-Burning Wood Stove Grant Program
Website Visit here
More Info Click here

Name Wood Heating Fuel Exemption
Incentive Amount 100% exemption
More Info Click here

Name Local Option - Property Tax Credit for High Performance Buildings
Incentive Amount Varies
More Info Click here

Name Local Option - Property Tax Credit for Renewables and Energy Conservation Devices
More Info Click here

Name SMECO - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential/Community Wind Grant Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:

  • Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
  • Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: Not all solar companies 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 choose.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Waldorf, MD Solar Cost FAQs

How much does it cost to install solar panels in Waldorf?

This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Are solar panels free in Waldorf?

Solar panels aren't free in Waldorf, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How will installing solar panels impact my home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Waldorf is currently $307,580, which means you can expect about a value of about $12,611 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Waldorf is a rewarding 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 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.

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