Solar Savings Calculator for Frederick, MD

Homeowners in Frederick pay an average of $165/month for electricity through Potomac Edison. With 4.4 peak sun hours per day, solar panels can significantly reduce your energy costs.

$165
Avg Monthly Bill
17¢/kWh
Electricity Rate
4.4h/day
Peak Sun Hours
$53,794
Est. 25-Year Savings

Calculate Your Savings in Frederick

Adjust Your Details for Frederick, MD

$
$50$1,000
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50¢

Your Estimated Solar Savings

System Size
7.6 kW
Panel Count
19 panels
Total System Cost
$21,660
Federal Tax Credit (30%)
-$6,498
Net Cost
$15,162
Annual Savings
$1,980
Payback Period
7.7 years
25-Year Savings
$53,794
Return on Investment
355%

* Estimates based on 4.4 peak sun hours/day in Frederick, MD, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Frederick

Utility & Permits

Utility Company
Potomac Edison
Permit Cost
$350
Permit Timeline
2-4 weeks
Net Metering
full

System Estimates

Recommended Size
7.6 kW
Panel Count
19 panels
Gross Cost
$21,660
Net Cost (after credits)
$15,162

Available Incentives for Frederick, MD

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Maryland SREC Program

Solar Renewable Energy Credits tradeable on the open market.

$40-80 per SREC

Maryland Residential Clean Energy Grant

One-time grant for residential solar installations.

$1,000 grant

Other Cities in Maryland

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