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#14 Solar ROI State

Solar Panel ROI in Maryland (MD)

Maryland averages 1,280 kWh per installed kW per year. At $15.8¢/kWh average utility rates, a 7 kW system produces a 25-year NPV of $8,768.

$13,965
System Cost (After Credits)
$8,768
25-Year NPV
10 years
Payback Period
$0.161/kWh
Solar LCOE

Solar Cost Breakdown in Maryland

7 kW system (2.85/W)$19,950
Federal ITC (30%)-$5,985
Net Cost$13,965

Solar Production in Maryland

Maryland receives an average of 1,280 kWh of solar energy per installed kW per year, based on NREL PVWatts data for a south-facing system at 20° tilt. A 7 kW system produces approximately 8,960 kWh in year one, declining by 0.5% annually due to panel degradation.

At Maryland's average residential rate of $15.8¢/kWh with 4% annual escalation, first-year savings are $1,416. The solar LCOE of $0.161/kWh is -2% below the current utility rate and stays fixed while utility rates continue to climb.

Net Metering in Maryland

1:1 net metering for systems up to 200 kW. MD SREC market active.

Solar by Utility in Maryland

Baltimore Gas & Electric (BGE)

Avg Rate: $15.8¢/kWh
Structure: TOU
Peak: $21.5¢/kWh / Off-Peak: $10.8¢/kWh
View analysis ›

Pepco Maryland

Avg Rate: $14.8¢/kWh
Structure: FLAT
View analysis ›

Solar FAQ for Maryland

How much does solar cost in Maryland?
A typical 7 kW residential solar system in Maryland costs $19,950 before incentives. After the 30% federal ITC, the net cost drops to $13,965.
What is the solar payback period in Maryland?
Based on the average MD utility rate of $15.8¢/kWh and local solar irradiance of 1,280 kWh/kW/year, a 7 kW system typically pays for itself in 10 years. The 25-year NPV is $8,768.
Does Maryland have net metering?
1:1 net metering for systems up to 200 kW. MD SREC market active.
What is the LCOE of solar in Maryland?
The levelized cost of solar energy in Maryland is approximately $0.161/kWh, compared to the current average utility rate of $15.8¢/kWh. Solar electricity costs -2% less than grid electricity at today's rates, and the gap widens as utility rates rise.
How much electricity does a solar panel produce in Maryland?
Maryland receives approximately 1,280 kWh of solar energy per installed kW per year. A 7 kW system produces about 8,960 kWh in its first year, enough to offset 85% of the average U.S. household's electricity consumption.

Compare Options in Maryland

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Solar ROI in Similar States

Nevada

NPV: $12,806 · Payback: 8yr
Rate: $13.2¢/kWh · #6 ranked

Connecticut

NPV: $24,321 · Payback: 7yr
Rate: $27.2¢/kWh · #7 ranked

New Jersey

NPV: $12,340 · Payback: 9yr
Rate: $18.2¢/kWh · #8 ranked

New Mexico

NPV: $15,834 · Payback: 7yr
Rate: $13.8¢/kWh · #9 ranked

Florida

NPV: $10,982 · Payback: 9yr
Rate: $14.2¢/kWh · #10 ranked

Maine

NPV: $20,868 · Payback: 7yr
Rate: $24.8¢/kWh · #11 ranked

Get Your Maryland Solar Analysis

These are averages. Your ROI depends on your specific utility, consumption, roof, and system size. Run a personalized 25-year NPV analysis — free.

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