Solar Panel Cost in Baltimore, MD
Updated 2026 guide to solar panel prices, savings, and payback period in Baltimore.
Estimated Solar Savings
Solar Panel System Costs in Baltimore, MD
Below are estimated costs for different solar panel system sizes in Baltimore, including the 30% federal solar tax credit.
| System Size | Cost Before Incentives | Federal Tax Credit (30%) | Net Cost | Est. Annual Production |
|---|---|---|---|---|
| 4 kW | $12,000 | -$3,600 | $8,400 | 6,132 kWh |
| 6 kWMost Popular | $18,000 | -$5,400 | $12,600 | 9,198 kWh |
| 8 kW | $24,000 | -$7,200 | $16,800 | 12,264 kWh |
| 10 kW | $30,000 | -$9,000 | $21,000 | 15,330 kWh |
| 12 kW | $36,000 | -$10,800 | $25,200 | 18,396 kWh |
What Affects Solar Panel Cost in Baltimore?
The average cost of solar panels in Baltimore, MD is approximately $300/watt before incentives. For a typical 6kW residential system, that means a total cost of about $18,000 before the federal tax credit.
After applying the 30% federal Investment Tax Credit (ITC), your net cost drops to approximately $12,600.Baltimore homeowners typically see a payback period of 7 years and save an estimated $38,000 over 25 years.
Factors that affect your cost in Baltimore:
- System size: Larger systems cost more but have a lower cost per watt
- Equipment quality: Premium panels and inverters cost more but offer better efficiency
- Roof complexity: Steep roofs, multiple levels, or shading can increase installation costs
- Local labor rates: Installation costs vary within the Baltimore metro area
- Local permits: Permitting costs and requirements vary by municipality in Baltimore
- Incentives: State and local programs can significantly reduce your out-of-pocket cost
Solar Incentives Available in Baltimore
Federal Solar Investment Tax Credit
30% Federal Tax Credit (ITC)
Maryland homeowners can combine the 30% federal ITC with the state's strong SREC market for excellent solar returns.
State & Local Incentives
Maryland Solar Renewable Energy Credits (SRECs)
SRECMaryland has one of the strongest SREC markets in the country. Solar system owners earn one SREC per MWh of solar production.
Residential Clean Energy Grant
RebateMaryland offers grants for residential solar installations through the Maryland Energy Administration.
Property Tax Exemption
Property TaxSolar energy systems are exempt from property tax increases in Maryland.
Sales Tax Exemption
Sales TaxSolar energy equipment is exempt from Maryland's 6% sales tax.
Net Metering
Maryland offers net metering at the full retail rate for residential solar systems. Customers receive credits for excess generation that can roll over month to month.
AvailableSRECs
Maryland has a robust SREC market driven by the state's Renewable Portfolio Standard. Solar system owners earn one SREC per MWh of production, providing significant ongoing income.
Est. Value: $50-$80 per SREC
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Top Solar Companies in Baltimore, MD
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Solar Panel Cost FAQ - Baltimore, MD
The average cost of solar panels in Baltimore is approximately $3.00 per watt before incentives. A typical 6kW residential system costs about $18,000 before the 30% federal tax credit, bringing the net cost to around $12,600.
The typical payback period for solar panels in Baltimore is approximately 7 years. After that, you'll enjoy free electricity for the remaining 15-20+ years of your system's life, saving an estimated $38,000 over 25 years.
Baltimore homeowners can take advantage of the 30% federal solar tax credit, which reduces your system cost by 30%. Maryland also offers net metering, SRECs, and various state-level incentive programs. Check our incentives page for the complete list.
Baltimore homeowners can save an estimated $38,000 over 25 years by going solar. Actual savings depend on your electricity usage, system size, roof orientation, and available incentives. With electricity rates averaging $0.16/kWh in Maryland, solar provides significant long-term savings.
Solar Costs in Other Maryland Cities
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