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.

$170
Avg Monthly Bill
16.8¢/kWh
Electricity Rate
4.5h/day
Peak Sun Hours
$55,883
Est. 25-Year Savings

Calculate Your Savings in Waldorf

Adjust Your Details for Waldorf, MD

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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
$2,040
Payback Period
7.4 years
25-Year Savings
$55,883
Return on Investment
369%

* 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.

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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