Solar Panel Cost Guide in Brookmont, MD (2024 Update)
- Brookmont Solar Installation Cost: $13,851
- 25-Year Savings: $12,725
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Brookmont
Find out how much it might cost to make the switch to solar in Brookmont.
In Brookmont, solar panels cost about 4 per watt on average.Using this figure, a typical 5.6-kW system would cost about $13,851 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Brookmont homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar power is worth paying. On average Brookmont homeowners see about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Brookmont that can help you get a more accurate cost estimate for your home.
Solar savings over time in Brookmont
| Year | Return on Investment |
|---|---|
| 1 years | $-12,145 |
| 3 years | $-8,733 |
| 5 years | $-5,321 |
| 7 years | $-1,909 |
| 9 years | $1,503 |
| 11 years | $4,916 |
| 13 years | $8,328 |
| 15 years | $11,740 |
| 17 years | $15,152 |
| 19 years | $18,564 |
| 21 years | $21,976 |
| 23 years | $25,388 |
| 25 years | $28,801 |
Top Solar Installers in Brookmont
Although it's possible to install solar panels yourself, it requires extra labor and expertise. Because of that, the majority of homeowners choose to hire a solar panel installer. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Brookmont:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Brookmont
Factors that Affect Solar Panel Costs in Brookmont
The cost of installing a solar system in Brookmont can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,540 per kilowatt in Brookmont.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Brookmont homeowners opt to finance their solar panel systems to offset upfront costs.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Brookmont is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Brookmont have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $9,830 | 15.3 years |
| 8 kW | $3.61 | $20,220 | $13,503 | 15.0 years |
| 10 kW | $3.54 | $24,780 | $17,375 | 14.7 years |
| 12 kW | $3.47 | $29,141 | $21,445 | 14.4 years |
| 14 kW | $3.40 | $33,304 | $25,712 | 14.1 years |
| 16 kW | $3.33 | $37,269 | $30,179 | 13.8 years |
| 18 kW | $3.26 | $41,036 | $34,843 | 13.5 years |
| 20 kW | $3.19 | $44,604 | $39,706 | 13.2 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Brookmont, MD Solar Cost FAQs
How much does it cost to install solar panels in Brookmont?
The average cost of solar panels in Brookmont 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Brookmont?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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.
How will solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Brookmont is currently $1,132,074, which means you could be looking at a value of about $46,415 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Brookmont is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.