MarylandSolar Panel Costs & Savings
Maryland averages 4.3 hrs of peak sun per day with an average payback period of 8.5 years. Homeowners can save $36,400 over 20 years.
Peak Sun Hours
4.3 hrs
per day
6kW System Cost
$18,600
before incentives
Payback Period
8.5 yrs
average
20-Year Savings
$36,400
estimated
Solar Cost Breakdown in Maryland
| Item | Amount |
|---|---|
| 6kW System Cost ($3.1/W) | $18,600 |
| Federal Tax Credit (30%) | -$5,580 |
| State Rebate | -$1,000 |
| Net Cost | $12,020 |
Net Metering
Full Net Metering
Electricity Rate
16.57¢/kWh
Avg Monthly Bill
$145/mo
Solar Incentives in Maryland
Maryland Clean Energy Rebate
Maryland offers a $1,000 rebate for residential solar installations.
Maryland SRECs
Maryland's Renewable Portfolio Standard creates demand for Solar Renewable Energy Credits.
Federal Solar Investment Tax Credit (ITC)
The federal ITC allows homeowners to deduct 30% of solar installation costs from federal taxes. Available for systems installed through 2032, stepping down to 26% in 2033 and 22% in 2034.
Solar Potential by ZIP Code in Maryland
| ZIP | City | Sun Hours | Annual Savings | Payback |
|---|---|---|---|---|
| 20601 | Waldorf | 4.3 hrs | $1,282 | 10.2 yrs |
| 21201 | Baltimore | 4.3 hrs | $1,282 | 10.2 yrs |
| 21401 | Annapolis | 4.3 hrs | $1,282 | 10.2 yrs |
| 21601 | Easton | 4.3 hrs | $1,282 | 10.2 yrs |
| 21031 | Hunt Valley | 4.3 hrs | $1,282 | 10.2 yrs |
| 21701 | Frederick | 4.3 hrs | $1,282 | 10.2 yrs |
| 20701 | Annapolis Junction | 4.2 hrs | $1,252 | 10.4 yrs |
| 20901 | Silver Spring | 4.2 hrs | $1,252 | 10.4 yrs |
| 21001 | Aberdeen | 4.2 hrs | $1,252 | 10.4 yrs |
| 21501 | Cumberland | 4.0 hrs | $1,193 | 10.9 yrs |
Compare With Other States
More Data for Maryland
Frequently Asked Questions
How much do solar panels cost in Maryland?
A typical 6kW solar system in Maryland costs approximately $18,600 before incentives. After the 30% federal tax credit ($5,580), the net cost is approximately $12,020.
How long does solar take to pay for itself in Maryland?
The average solar payback period in Maryland is 8.5 years, faster than the national average of 9.4 years. After payback, homeowners enjoy free electricity for the remaining system life.
Does Maryland have net metering?
Maryland has full net metering. Homeowners receive full retail rate credits for excess solar energy sent to the grid.
How much sun does Maryland get for solar?
Maryland averages 4.3 peak sun hours per day, which is 0.2 hours below the national average. A 6kW system produces approximately 9,417 kWh per year.
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Data verified March 2026 · Source: NREL, DSIRE, EIA