## Solar Power in Silver Spring

If you’re considering solar installation in Silver Spring, you’ve likely watched your electricity bills climb. With Maryland electricity prices rising 37% from 2020 to 2024, many homeowners are looking for a smarter way to power their homes.

Maryland ranks 10th in the nation for residential solar, and Silver Spring homeowners are joining in. This guide explains what solar panel installation looks like here. To start with the basics, explore our guide on [home solar panels](/content/solar/solar-panels-for-home/index.html).

### [MARYLAND](/content/local/maryland/index.html) by the Numbers

[10th](https://www.eia.gov/electricity/data/eia861/) Most residential solar in the United States  
[100](https://www.eia.gov/electricity/data/eia861/) Households have installed solar panels  
[4.8](/content/local/peak-sun-hours/index.html) Avg peak sun hours per day  
[~$92k](/content/local/maryland/silver-spring/#solar-cost-calculator/index.html) Silver Spring average savings over 25 years

## How Much Do Solar Panels Cost in Silver Spring, MD?

See what solar really costs in Silver Spring, based on real installations from neighborhoods like Wheaton, Takoma Park, Kensington, and Four Corners. Our calculator uses firsthand local data—not national averages—so you get a clear, honest estimate for your home. Explore your numbers and learn what to expect.

### Cost Breakdown

Your estimated investment  
System Cost  
$29,165  
Price per Watt  
$2.85  
Final  
Cost  
$29,165

Savings  
Your total financial benefit  
Monthly Savings  
Average utility bill reduction  
$211  
Payback Period  
Break-even point  
9.9 years  
25-Year  
Savings  
$92,177  
[Get Your Personalized Quote](https://luminance.palmetto.com/home/buy-solar/step-1?utm_source=localorganic)

## Key Takeaways

- Maryland electricity prices jumped 37% from 2021 to 2024, and local Pepco rates run even higher, making solar an appealing way to lock in predictable energy costs.
- Silver Spring homeowners can save around $92,000 over 25 years with a typical solar system, thanks to strong local sunshine and Maryland’s ongoing solar incentives.
- You can go solar with no upfront cost by leasing through LightReach, where Palmetto owns and maintains the panels while you enjoy lower, predictable monthly payments.

## Silver Spring Electricity Prices

If you live in Silver Spring, you’ve likely noticed your electricity bills climbing year after year. Here’s what’s driving that change.

Maryland electricity prices rose about 37% from 2021 to 2024, jumping from 13.1 to 17.9 cents per kWh. That now sits above the national average of 16.5 cents per kWh.

### Price of Energy: Maryland vs National Average

| Year | Maryland | US Average |
| --- | --- | --- |
| 2021 | 13.7¢ | 16.0¢ |
| 2022 | 13.1¢ | 16.5¢ |
| 2023 | 17.9¢ | 16.6¢ |
| 2024 | 17.9¢ | 16.5¢ |

[Source: US Bureau of Labor Statistics, Energy Information Administration, Form 861](https://www.eia.gov/electricity/data/eia861/)

## Maryland Solar Incentives

Silver Spring homeowners can tap into a range of [solar incentives in Maryland](/content/local/maryland/silver-spring/#incentives-table/index.html) that help lower the cost of going solar.

| Incentive | Type | Description | Source |
| --- | --- | --- | --- |
| Maryland Solar Access Program (MSAP) | Rebate | A state grant providing $750 per kilowatt of installed solar capacity, up to $7,500, for income-eligible Maryland homeowners. | [Learn More](https://energy.maryland.gov/residential/Pages/incentives/Maryland-Solar-Access-Program.aspx) |
| Maryland Solar Access Bridge Fund | Rebate | A 2026 state grant program designed to replace the financial value of the expired federal Residential Clean Energy Credit for qualifying Maryland homeowners who install solar. | [Learn More](https://energy.maryland.gov/Pages/SolarBridgeFund.aspx) |
| Maryland Residential and Commercial Energy Storage (RCES) Grant Program | Rebate | A state grant covering up to 30% of installed costs or $5,000 (residential) for grid-connected battery energy storage systems. | [Learn More](https://energy.maryland.gov/Pages/Energy-Storage-Grant-Program.aspx) |
| Maryland Sales Tax Exemption for Solar Equipment | Sales Tax Exemption | Maryland exempts all solar energy equipment from the state’s 6% sales and use tax. | [Learn More](https://energy.maryland.gov/) |
| Maryland Property Tax Exemption for Solar Energy Equipment | Property Tax Exemption | Maryland provides a 100% statewide property tax exemption on the added home value from solar panel installations. | [Learn More](https://energy.maryland.gov/) |
| Maryland Net Metering Program | Net Metering | Maryland requires utilities to credit solar owners at the full retail electricity rate for excess power sent to the grid. | [Learn More](https://psc.maryland.gov/) |
| Maryland Solar Renewable Energy Certificates (SRECs) | SREC | Maryland solar owners earn one tradeable SREC for every megawatt-hour (MWh) of electricity their system generates. | [Learn More](https://psc.maryland.gov/) |
| Maryland Community Solar Program | Rebate | Maryland’s permanent Community Solar Program allows renters, condo owners, and homeowners with unsuitable roofs to subscribe to a share of an off-site solar array. | [Learn More](https://psc.maryland.gov/) |
| Montgomery County Green Bank Solar Financing | Rebate | The Montgomery County Green Bank offers low-interest solar loan financing, making solar accessible to more county residents. |

## Silver Spring Solar Irradiance

Solar panel production varies throughout the year based on daylight hours, weather patterns, and sun intensity. Understanding how seasons affect your solar system helps set realistic expectations for your investment.

### Solar Production in Silver Spring by Month

System Size: 5 kW, 7 kW, 10 kW  
Daylight Hours  
Energy Production (kWh/day)

| Month | System Size | Energy Production (kWh/day) |
| --- | --- | --- |
| July | 10 kW | 46.1 |
| December | 10 kW | 24.8 |

### What Can Your Solar System Power?

#### Summer Production (July)

In July, your 10 kW system could power:
- **3.1 average homes** (15 kWh/day per home)  
- or Run central AC for **15 hours** AND power all other appliances  
- or Fully charge **4.7 Tesla Model 3** electric vehicles

#### Winter Production (December)

In December, your 10 kW system could power:
- **1.7 average homes** (15 kWh/day per home)  
- or Keep your home heating system running for **12 hours**  
- or Fully charge **2.5 Tesla Model 3** electric vehicles

#### Annual Production

Over a year, your 10 kW system could:
- **Offset 10 tons** of carbon dioxide emissions
- or Equal the environmental benefit of **planting 166 trees**

## Solar Panel Systems in Silver Spring

We’ve mapped solar installations across the country, right down to the neighborhood level. Explore this interactive map to see how many of your Silver Spring neighbors have switched to solar.

## Frequently Asked Questions

### Does Silver Spring, MD have net metering?

Yes. Silver Spring homes served by **Pepco** qualify for Maryland’s net metering program. You earn **1:1 credits** at the retail rate for excess solar power sent to the grid.

### Do solar panels increase your home value in Silver Spring, MD?

Yes. Solar panels can increase your home’s value in Silver Spring when you **own the system**, either through a cash purchase or a loan. A [Zillow study](https://www.zillow.com/research/solar-panels-house-sell-more-23798/) found that homes with solar panels sell for approximately 4.1% more.

### How much does it cost to go solar in Silver Spring, MD?

The most affordable way to go solar in Silver Spring is with a **LightReach lease**. You can start for a low, fixed monthly payment—around $124 for a typical medium home—with no upfront cost.

### How does leasing solar work and what’s the approximate cost in Silver Spring, MD?

With a solar lease through Palmetto’s **LightReach** program, you pay one simple monthly payment—no upfront cost. It covers the panels, installation, monitoring, maintenance, and a 90% Production Guarantee. For a typical **10.25 kW** system in Silver Spring, the estimated payment is about **$124/month**.

### What’s the best solar company in Silver Spring, MD?

At Palmetto, we’re a national solar company with a strong local focus in Silver Spring.  
We pair some of the industry’s best financing options with a trusted installation network, so Silver Spring homeowners get quality panels, clear guidance, and dependable support.