Solar Panel Cost Guide in Westminster, MD (Jan 2023)
- Westminster Solar Installation Cost: $10,994
- 25-Year Savings: $7,614
- Payback Period: 14.8 Years
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Top Solar Installers in Westminster
Many homeowners decide to use a solar panel installer since trying to put up solar panels yourself can be challenging. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you'd like to switch to solar energy but still aren't sure which solar installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Westminster
Factors that Affect Solar Panel Costs in Westminster
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Westminster: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than 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
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Although solar loans make going solar more accessible for Westminster homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have 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||$2.88||$12,099||$7,601||15.4 years|
|8 kW||$2.83||$15,822||$10,445||15.1 years|
|10 kW||$2.77||$19,390||$13,444||14.8 years|
|12 kW||$2.71||$22,803||$16,598||14.5 years|
|14 kW||$2.66||$26,060||$19,908||14.2 years|
|16 kW||$2.60||$29,163||$23,372||13.9 years|
|18 kW||$2.55||$32,110||$26,992||13.6 years|
|20 kW||$2.49||$34,902||$30,766||13.3 years|
How to Save on Solar Panels
There are a lot of companies to choose from in Westminster, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: Review the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
EcoWatch's Westminster, MD Solar Cost FAQs
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.