StraightWatt

All states / Maryland

Solar in Maryland

At 21.41¢ per kWh and 1392 kWh of production per kW each year, a household paying $200 a month needs a 7.57 kW system. Paid in cash, it returns its $19,833 cost in 8.7 yr.

Two prices, two answers

Payback 8.7 yr — at competitive quoted prices ($2.62/W, EnergySage 2026): net cost $19,833, 25-year net $46,763.

Payback 14.2 yr — at typical reported prices ($4.30/W, LBNL 2023): net cost $32,550, 25-year net $34,046.

The gap is methodology, not staleness: the first what you get if you shop around for competitive quotes; the second what the average buyer actually paid, as recorded in permit and incentive data. Every table below uses quoted prices. Why we show both.

By monthly bill

Your billUse / yrSystemPanelsNet costPayback25-yr net (cash)Lease, year 1
$100/mo4,932 kWh3.54 kW9$9,2839.3 yr$18,937$317
$150/mo7,735 kWh5.56 kW14$14,5588.9 yr$32,850$497
$200/mo10,537 kWh7.57 kW19$19,8338.7 yr$46,763$677
$300/mo16,142 kWh11.6 kW29$30,3828.5 yr$74,588$1,037

Cash, loan or lease — at $200 a month

How you pay25-year netUpfrontYear 1Payback / cash flowFederal credit to you
Cash$46,763$19,833$2,1068.7 yr$0
Loan
$154/mo · 6.99% APR · 20 yr
$29,721$0$262immediate (+$262 in year 1)$0
Lease / PPA$18,997$0$677immediate (+$677 in year 1)$0

The 30% federal credit goes to the system owner, not to you. It is reflected in the rate you are offered. The owner claims it at 30% under IRC 48E.

The inputs, and where they came from

InputValueSource
Residential electricity rate21.41¢/kWhU.S. EIA API v2, electricity/retail-sales, residential sector, 2026-07
Specific yield1392 kWh/kW/yrNLR (formerly NREL) PVWatts v8 API, 1 kW reference system (state:MD)
Installed cost$2.62/WEnergySage Marketplace real-quote average, as of Sep 2026; page updated 2026-08-28 · LBNL Tracking the Sun 2023 median: $4.3/W, reference only
Export compensationfull retail net metering · 100%Monthly kilowatt-hour credits offset consumption at the retail rate. By default any balance still unused is settled each April at the generation or commodity portion of the rate, averaged over the previous 12 months; a 2023 law lets a customer instead roll credits forward indefinitely at full retail value. Systems may not exceed 2 MW. Full retail within the year. The April settlement rate applies only to a balance the customer never used, which a system sized to annual load largely avoids. Follows: All electric companies, under Maryland Public Utilities Article 7-306. Source, read 2026-09-05.
Federal credit, purchase0%IRC 25D (expired)
Federal credit, third-party owner30%IRC 48E (Clean Electricity Investment Credit)
State incentives$0No upfront statewide credit or rebate for a typical owner-occupier (verified)

Adjust it for your bill