Solar Savings Calculator for Waldorf, MD
Homeowners in Waldorf pay an average of $170/month for electricity through Southern Maryland Electric Cooperative (SMECO). With 4.5 peak sun hours per day, solar panels can significantly reduce your energy costs.
Calculate Your Savings in Waldorf
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Your Estimated Solar Savings
* Estimates based on 4.5 peak sun hours/day in Waldorf, 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 Waldorf
Utility & Permits
- Utility Company
- Southern Maryland Electric Cooperative (SMECO)
- 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 Waldorf, 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.
Maryland SREC Program
Solar Renewable Energy Credits tradeable on the open market.
Maryland Residential Clean Energy Grant
One-time grant for residential solar installations.
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