$73
606 kWh
335 lbs
Average solar panel installation
$14,247Federal Incentives
$4,274Total
$9,973
Average monthly bill without solar
$73Average monthly bill with solar
$6Solar will pay for itself in
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The estimated cost to install solar at your house is $14,247. We calculated this because we think your electricity usage for the year is about 7280 kWh, and a 4.73 kW size solar system on your roof would replace 92% of your usage. We are using an estimated cost of $3.01/W, which we get from Energy Sage.
The current electricity costs for PEPCO are 12¢/kWh. So, by replacing 92% of your usage, you’ll save $802 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 11.03 years. If the costs of PEPCO electricity rise 3%, then your savings will pay for your solar system in 10.71 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 650 kWh in July, to a low of 430 kWh in December. For the entire year, we estimate that your 4.73 kW sized system would produce 6730 kWh.
You are eligible for a federal tax credit equal to 30% of the cost of your solar system, or $4,274. The state of Maryland generally uses Full Retail Rate for net metering. This means that when you produce more electricity than your house uses, the utility will pay you Full Retail Rate for the extra electricity.
From Department of Energy Data, it looks like 6,071 homes have installed solar panels in your state, Maryland.
There are 11 solar installers that operate in Maryland. WattBuy recommends EnergySage, EnergyPal EX, Modernize, Palmetto, Solar America, EnergyPal NX, and RGR Marketing.
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.