Solar Panel Cost Guide in Perryville, MD (2024 Update)
- Perryville Solar Installation Cost: $13,786
- 25-Year Savings: $11,646
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Perryville
See how much it might cost to go solar in Perryville.
Although the national average of solar panels is $2.66 per watt, solar panels in Perryville typically cost about 4.The average solar panel system size in Perryville is around 5.6 kilowatts, meaning a cost of about $13,786 for a solar installation, or $19,714 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Perryville homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $15,000 on electricity bills over 20 years, many homeowners in Perryville find going solar can pay off big.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Perryville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,172 |
| 3 years | $-8,945 |
| 5 years | $-5,718 |
| 7 years | $-2,492 |
| 9 years | $735 |
| 11 years | $3,962 |
| 13 years | $7,189 |
| 15 years | $10,416 |
| 17 years | $13,643 |
| 19 years | $16,869 |
| 21 years | $20,096 |
| 23 years | $23,323 |
| 25 years | $26,550 |
Top Solar Installers in Perryville
Many homeowners choose to use a solar installer since trying to put up solar panels by yourself can be time-consuming. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Perryville
Factors that Affect Solar Panel Costs in Perryville
Even though the average cost of a solar system in Perryville is $13,786, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important 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 consumes, the larger your system will likely need to be. You can expect to pay about $3,540 per kilowatt in Perryville.The model of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to factor 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 off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect your pricing. Perryville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Perryville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $8,731 | 16.0 years |
| 8 kW | $3.61 | $20,220 | $12,038 | 15.7 years |
| 10 kW | $3.54 | $24,780 | $15,543 | 15.4 years |
| 12 kW | $3.47 | $29,141 | $19,247 | 15.1 years |
| 14 kW | $3.40 | $33,304 | $23,148 | 14.7 years |
| 16 kW | $3.33 | $37,269 | $27,248 | 14.4 years |
| 18 kW | $3.26 | $41,036 | $31,546 | 14.1 years |
| 20 kW | $3.19 | $44,604 | $36,043 | 13.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: When making the switch to solar energy, it’s crucial to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.
- Warranty: If you’re concerned about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
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 Perryville, MD Solar Cost FAQs
How much does it cost to install solar panels in Perryville?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,700 for a 5-kW system and $35,400 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient 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 cheaper solar panels.
Are solar panels free in Perryville?
Solar panels aren’t free in Perryville, but there are some options that can make getting them more feasible, 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 solar panels impact the value of my home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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 get between 20 and 35 panels to cover 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.