The average cost to install solar on a home in Maryland is $4.05 per watt, with about 80 percent of systems installed for $3.10 per watt to $5.40 per watt. This is higher than the average solar cost in the South Atlantic Region of $3.99 per watt.
The average size of a solar system in Maryland is 9.0 kilowatts, which would cost around $36,500 without any federal, state, or local incentives.
1 kilowatt of solar PV in Maryland produces an average of 1,319 kilowatt-hours of electricity per year, so a 9.0 kilowatt solar system would generate 11,872 kilowatt-hours of electricity every year. An average household in Maryland uses 12,149 kilowatt-hours of electricity in a year.
With an average state electricity price of 14 cents per kilowatt-hour, this solar system could save a household in Maryland $1,667 each year. At this rate of annual savings, the system could pay for itself in about 22 years assuming no additional system expenses. This is less than the expected 30-year lifespan of a typical solar panel.
Finksburg: 20.5 kilowatt system installed for $3.21 per watt by Paradise Energy Solutions
Stockton: 7.4 kilowatt system installed for $3.97 per watt by Paradise Energy Solutions
Marriottsville: 17.4 kilowatt system installed for $5.42 per watt by Paradise Energy Solutions
Centreville: 14.9 kilowatt system installed for $3.52 per watt by Paradise Energy Solutions
Woodbine: 12.6 kilowatt system installed for $3.60 per watt by Paradise Energy Solutions
Trappe: 16.7 kilowatt system installed for $2.75 per watt by Paradise Energy Solutions
Top solar companies most active in Maryland include:
Solar Energy World, Paradise Energy Solutions, American Design & Build, Solargaines, Sustainable Energy Systems
Get more information about top Maryland solar companies.
Solar companies with some of the lowest system costs in Maryland include:
Sustainable Energy Systems, Solar Energy World, Paradise Energy Solutions
Get more information about the best Maryland solar companies for low system costs.