Are Solar Panels Worth It in Maryland? Data-Backed Analysis
✓
Yes
Solar panels are a strong investment in Maryland based on available data.
The Numbers
Average System Cost
$42,228
10.8 kW system
After Federal ITC
$29,560
30% tax credit applied
Total Installations
27,227
98% residential
Factors in Favor
- ✓Below-average installation cost ($3.91/W vs national $4.18/W)
- ✓27,227 installations demonstrate strong market adoption
- ✓Federal 30% Investment Tax Credit available to all homeowners
- ✓98% residential - strong homeowner adoption
Maryland vs National Average
| Metric | Maryland | National |
|---|---|---|
| Cost per Watt | $3.91 | $4.18 |
| Total Installations | 27,227 | 3,426,466 |
| Total Capacity | 293 MW | - |
Frequently Asked Questions
The average solar system in Maryland costs approximately $42,228 (avg 10.8 kW system at $3.91/W). After the 30% federal ITC, your net cost would be around $29,560.
All Maryland homeowners are eligible for the federal 30% Investment Tax Credit (ITC), which reduces the cost by approximately $12,668. Additional state and local incentives may further reduce your costs. Visit our Maryland incentives page for a complete breakdown.
Maryland has 27,227 solar installations, showing strong market adoption. Combined with competitive costs and available incentives, solar is a strong investment in Maryland.
Source: LBNL Tracking the Sun, U.S. Department of Energy, EIA. Costs and savings are estimates based on average residential installations and may vary.