How Much Do Solar Panels Cost in Maryland?
Maryland is quickly becoming one of the top states in America to go solar, powering over 200,000+ homes! With more than 250+ sunny days per year, Maryland has plenty of sunlight to keep solar panels effective, but how much do they cost?
Maybe cheaper than you may think! The cost of solar panels in Maryland has decreased 50% in the last 10 years. This is in large part because Maryland has many solar incentives & local solar programs to help residents go solar for less!
Find out if you qualify for Maryland savings programs!
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How Much Do Solar Panels Cost In Maryland?
As of 2023, the average cost of solar panels in Maryland ranges between $9,962 to $14,538 before utilizing the many available Maryland solar incentives. The average cost per watt in Maryland is between $2.59 to $3.50 per watt. This is about 10% cheaper than the US average.
These costs can be reduced significantly if you work with a state-licensed specialist to ensure you take advantage of all of the solar programs and solar incentives available to Maryland residents.
The following table shows average cost of solar panels in Maryland, based on system size:
|
Size of system |
Average Cost |
Average Cost |
|
3 kW |
$7,680 |
$5,683 |
|
4 kW |
$10,240 |
$7,578 |
|
5 kW |
$12,800 |
$9,472 |
|
6 kW |
$15,360 |
$11,366 |
|
7 kW |
$17,920 |
$13,261 |
|
8 kW |
$20,480 |
$15,155 |
The chart above is a general guide to help show the total costs of a home solar system, however the cost of solar in Maryland can vary depending on your annual electricity usage, the type of solar panels you choose, solar incentives that you qualify for and many other factors.
In order to get the most accurate cost estimate for your specific property, request a free solar savings quote to explore all of your solar options at no cost and no obligation!
Find out if you qualify for Maryland savings programs!
Please enter a zip code
Maryland Solar Incentives
Maryland offers a range of incentives to promote the use of solar energy. The state's Residential Clean Energy Grant Program provides financial assistance to homeowners who install solar panels or other clean energy systems, with grants of up to $5,000 available. The Maryland Solar Incentive Program also offers incentives for residential and commercial solar installations, providing rebates based on the size and performance of the system.
In addition to these incentives, Maryland offers sales and property tax exemptions for solar installations. Residential solar systems are exempt from state sales tax, while commercial solar systems are exempt from both state sales tax and property tax. These exemptions can help reduce the upfront cost of installing solar panels, making it more accessible to homeowners and businesses alike. Read our complete guide to getting free solar panels installed in Maryland.
Find out if you qualify for Maryland savings programs!
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Is Solar Worth It For Your Home or Business?
Solar energy continues to be one of the best investments for Maryland homeowners year after year. In fact, many MD residents and business owners are able to save more than $30,000 in electricity costs by switching to solar. Read more pros & cons about solar to see is solar worth it in Maryland.
At EcoGen America we are proud to help you evaluate your energy options. Get started today by seeing which Maryland solar incentives and local solar programs your home or business qualify for!
How We Gather Our Cost Data
We take a data-driven approach to the collection and analysis of solar costs to provide our readers with the most accurate information. Our methodology incorporates data from a variety of trustworthy sources including:
- Primary Sources: Every year we survey over 100 Maryland homeowners with solar panels to analyze pricing data based on direct consumer experience.
- Trusted Resources: We leverage verified datasets and industry reports from authoritative sources including:
- U.S. Department of Energy (DOE)
- National Renewable Energy Laboratory (NREL)
- U.S. Energy Information Administration (EIA)
- Solar Energy Industries Association (SEIA)
- Expert Insights: We regularly consult with dozens of experienced solar professionals across the nation who are familiar with the latest trends, equipment and solar energy pricing in local markets.
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