Solar Panel Cost Guide in Westphalia, MD (Jan 2023)
- Westphalia Solar Installation Cost: $10,568
- 25-Year Savings: $11,336
- Payback Period: 12.1 Years
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Top Solar Installers in Westphalia
Although it's possible to install solar panels yourself, it involves extra effort and handiness. That's why almost all homeowners choose to go with a solar panel installer. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
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 in Westphalia:
See all of the solar companies in Westphalia
Factors that Affect Solar Panel Costs in Westphalia
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Westphalia: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better 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 equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Westphalia average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Westphalia homeowners choose to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your overall costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can impact the cost. Westphalia'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 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 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||$2.88||$12,099||$11,993||12.6 years|
|8 kW||$2.83||$15,822||$16,301||12.3 years|
|10 kW||$2.77||$19,390||$20,765||12.1 years|
|12 kW||$2.71||$22,803||$25,383||11.8 years|
|14 kW||$2.66||$26,060||$30,156||11.6 years|
|16 kW||$2.60||$29,163||$35,085||11.3 years|
|18 kW||$2.55||$32,110||$40,169||11.1 years|
|20 kW||$2.49||$34,902||$45,407||10.9 years|
How to Save on Solar Panels
The company that does your 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 a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will have different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Warranty: If you care about the longevity of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
EcoWatch's Westphalia, 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.