Solar Panel Cost Guide in Cresaptown, MD (2024 Update)
- Cresaptown Solar Installation Cost: $14,370
- 25-Year Savings: $5,079
- Payback Period: 22.0 Years
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Average Cost of Solar Panels in Cresaptown
Here’s how much it might cost to make the switch to solar in Cresaptown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cresaptown, the average cost of solar panels is 4 per watt.Because a 5.8-kW system is needed to cover the energy consumption of a typical home in Cresaptown, the average price of going solar will be about $14,370 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Cresaptown homeowners. 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.But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $11,000 over 20 years on power bills.
Click the button below to get connected to a vetted solar panel company in Cresaptown for a custom estimate.
Solar savings over time in Cresaptown
| Year | Return on Investment |
|---|---|
| 1 years | $-13,117 |
| 3 years | $-10,612 |
| 5 years | $-8,107 |
| 7 years | $-5,602 |
| 9 years | $-3,097 |
| 11 years | $-591 |
| 13 years | $1,914 |
| 15 years | $4,419 |
| 17 years | $6,924 |
| 19 years | $9,429 |
| 21 years | $11,934 |
| 23 years | $14,439 |
| 25 years | $16,945 |
Top Solar Installers in Cresaptown
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make switching to solar power much easier. Local solar installers can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
If you're searching for a solar company in Cresaptown, the EcoWatch team has compiled a list of our top suggestions here:
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 Cresaptown
Factors that Affect Solar Panel Costs in Cresaptown
The cost of installing a solar system in Cresaptown can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, 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 adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,540 per kilowatt in Cresaptown.There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Cresaptown homeowners decide to finance their solar panel systems to offset upfront costs.It’s a good idea to add 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
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Cresaptown, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you want and also fit into your budget.
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 | $1,427 | 22.9 years |
| 8 kW | $3.61 | $20,220 | $2,299 | 22.4 years |
| 10 kW | $3.54 | $24,780 | $3,369 | 22.0 years |
| 12 kW | $3.47 | $29,141 | $4,637 | 21.6 years |
| 14 kW | $3.40 | $33,304 | $6,104 | 21.1 years |
| 16 kW | $3.33 | $37,269 | $7,769 | 20.7 years |
| 18 kW | $3.26 | $41,036 | $9,632 | 20.2 years |
| 20 kW | $3.19 | $44,604 | $11,694 | 19.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose greatly influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Cresaptown, MD Solar Cost FAQs
What is the average cost of installing solar panels in Cresaptown?
The average cost of solar panels in Cresaptown is about $17,700 for a 5-kW system and $35,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $562.98 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.