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Solar Panel ROI in Baltimore city, MD

Is going solar worth it in Baltimore city? Here are the numbers.

Avg System Cost

$8,116

After Tax Credit (30%)

$5,681

Est. Payback Period

1.1 yrs

25-Year ROI

2183%

Solar Economics in Baltimore city

Investment Breakdown

System Cost (est.)$8,116
Federal Tax Credit (30%)-$2,435

Net Cost$5,681

Annual Savings

Est. Annual Energy Savings$5,187
Median Home Value$202,900

Median Household Income$58,349

About Baltimore city, Maryland

Baltimore city in Maryland has a median household income of $58,349 and median home value of $202,900. With an estimated payback period of 1.1 years, solar is a strong investment for homeowners in this area.

These estimates use county-level medians and national averages for solar irradiance. Your actual ROI depends on roof orientation, shading, local utility rates, and available state/local incentives beyond the federal 30% ITC.

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Other Counties in Maryland

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: EIA, NREL, DSIRE. Solar cost estimates based on county-level home values and national averages. This is not financial advice.