Solar Savings Calculator for Maryland

Maryland homeowners pay an average of $165/month for electricity at 17¢/kWh. With 4.5 peak sun hours per day, solar can dramatically cut your energy costs.

$165
Avg Monthly Bill
17¢/kWh
Electricity Rate
4.5h/day
Peak Sun Hours
$54,592
Est. 25-Year Savings

Calculate Your Savings in Maryland

Adjust Your Details for Maryland

$
$50$1,000
50010,000
5¢50¢

Your Estimated Solar Savings

System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$1,980
Payback Period
7.3 years
25-Year Savings
$54,592
Return on Investment
380%

* Estimates based on 4.5 peak sun hours/day in Maryland, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in Maryland

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Maryland SREC Program

Solar Renewable Energy Credits tradeable on the open market.

$40-80 per SREC

Maryland Residential Clean Energy Grant

One-time grant for residential solar installations.

$1,000 grant

Cities in Maryland

Select your city for a more precise estimate with local electricity rates and utility information.

Baltimore

17.5¢/kWh · 4.5h sun/day

Avg bill: $168/mo · Baltimore Gas & Electric (BGE)

Columbia

17¢/kWh · 4.5h sun/day

Avg bill: $170/mo · Baltimore Gas & Electric (BGE)

Germantown

16.8¢/kWh · 4.4h sun/day

Avg bill: $165/mo · Pepco

Silver Spring

17¢/kWh · 4.4h sun/day

Avg bill: $162/mo · Pepco

Waldorf

16.8¢/kWh · 4.5h sun/day

Avg bill: $170/mo · Southern Maryland Electric Cooperative (SMECO)

Frederick

17¢/kWh · 4.4h sun/day

Avg bill: $165/mo · Potomac Edison

Rockville

17¢/kWh · 4.4h sun/day

Avg bill: $165/mo · Pepco

More Solar Resources for Maryland

Maryland Solar IncentivesTax credits, rebates, and SRECsMaryland Cost ComparisonSolar vs. grid costs over 25 yearsMaryland System SizingHow many panels your home needsMaryland Permits & RegulationsLocal permit requirements and HOA rulesIs Solar Worth It in Maryland?Data-driven analysis for your stateMaryland Financing OptionsCompare loans, leases, and PPAs

Go Solar in Maryland

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