Cost & Savings Breakdown
Based on $150/month electric bill in Ellicott City
System Size
7.4 kW
Annual Production
9,733 kWh
Gross System Cost
$22,963
Federal Tax Credit (30%)
-$6,889
State Incentive
-$1,000
Net Cost
$15,074
Monthly Savings
$122
CO₂ Offset/yr
8,955 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityBGE
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.150/kWh
Peak Sun Hours4.5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Maryland State Incentive — Maryland offers a $1,000 state grant for residential solar.
Common Questions
How much does solar cost in Ellicott City?
Solar in Ellicott City, Maryland costs approximately $22,963 for a 7.4 kW system. After the 30% federal tax credit, your net cost is about $15,074.
What is the solar payback period in Ellicott City?
The estimated payback period for solar in Ellicott City is 10.3 years, based on a $150/month electric bill and local sun hours of 4.5 hrs/day.
Does BGE offer net metering?
BGE offers Full Retail net metering. Full retail rate.