Solar Panel Cost Guide in Robinwood, MD (2024 Update)
- Robinwood Solar Installation Cost: $14,149
- 25-Year Savings: $5,282
- Payback Period: 21.6 Years
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Average Cost of Solar Panels in Robinwood
See how much it might cost to switch to solar power in Robinwood.
Although the national average of solar panels is $2.66 per watt, solar panels in Robinwood generally cost around 4.The average solar panel system size in Robinwood is around 5.7 kilowatts, meaning a cost of about $14,149 for a solar installation, or $20,233 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Robinwood homeowners. 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.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Robinwood see about $11,000 in savings on energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Robinwood
| Year | Return on Investment |
|---|---|
| 1 years | $-12,897 |
| 3 years | $-10,392 |
| 5 years | $-7,886 |
| 7 years | $-5,381 |
| 9 years | $-2,876 |
| 11 years | $-371 |
| 13 years | $2,134 |
| 15 years | $4,639 |
| 17 years | $7,144 |
| 19 years | $9,649 |
| 21 years | $12,155 |
| 23 years | $14,660 |
| 25 years | $17,165 |
Top Solar Installers in Robinwood
Although it's possible to install solar panels yourself, it requires extra effort and knowledge. That's why almost all homeowners choose to hire a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar company as well, which can save you more money over time.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Robinwood
Factors that Affect Solar Panel Costs in Robinwood
The cost of installing a solar system in Robinwood can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production 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 $3,540.The kind of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond 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 researching a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Robinwood provide solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Robinwood is the company you choose 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 at different price points.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $1,722 | 22.5 years |
| 8 kW | $3.61 | $20,220 | $2,692 | 22.1 years |
| 10 kW | $3.54 | $24,780 | $3,860 | 21.6 years |
| 12 kW | $3.47 | $29,141 | $5,227 | 21.2 years |
| 14 kW | $3.40 | $33,304 | $6,792 | 20.8 years |
| 16 kW | $3.33 | $37,269 | $8,556 | 20.3 years |
| 18 kW | $3.26 | $41,036 | $10,517 | 19.9 years |
| 20 kW | $3.19 | $44,604 | $12,677 | 19.5 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Robinwood, MD Solar Cost FAQs
How much does it cost to install solar panels in Robinwood?
The average cost of solar panels in Robinwood 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Robinwood?
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 can’t take advantage of many solar incentives. Also your property 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 much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $572.81 per year.
How many solar panels do I need to power 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 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.