Solar Panel Savings in Maryland
Maryland gets 4.3 peak sun hours per day with electricity at 16¢/kWh. See how much you can save with solar panels.
Solar Panel Cost & Savings by System Size in Maryland
| System Size | Gross Cost | After Credits | Payback | 25-Year Savings | Annual kWh |
|---|---|---|---|---|---|
| 6 kW | $17,100 | $11,970 | 7.3 yrs | $39,396 | 9,417 |
| 8 kW | $22,800 | $15,960 | 8.5 yrs | $45,292 | 12,556 |
| 10 kW | $28,500 | $19,950 | 10.3 yrs | $41,302 | 15,695 |
| 12 kW | $34,200 | $23,940 | 12.0 yrs | $37,312 | 18,834 |
Includes 30% federal ITC + 0% Maryland state credit. Assumes 3% annual electricity rate increase and 0.5% panel degradation.
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Is Solar Worth It in Maryland?
Maryland averages 4.3 peak sun hours per day, which means an 8 kW solar system would produce approximately 12,556 kWh per year. At the state's average electricity rate of 16¢/kWh, that translates to significant annual savings on your electric bill.
With the federal 30% Investment Tax Credit and Maryland's 0% state incentive, an 8 kW system costing $22,800 drops to just $15,960 after credits — with a payback period of approximately 8.5 years.
Over 25 years, homeowners in Maryland can expect to save $45,292 with an 8 kW system, factoring in panel degradation and rising electricity costs. The combination of solid sun exposure and federal incentives makes solar a solid investment in Maryland.