Cost & Savings Breakdown
Based on $150/month electric bill in Silver Spring
System Size
6.9 kW
Annual Production
9,241 kWh
Gross System Cost
$21,326
Federal Tax Credit (30%)
-$6,398
State Incentive
-$1,000
Net Cost
$13,928
Monthly Savings
$122
CO₂ Offset/yr
8,501 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityPEPCO
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.158/kWh
Peak Sun Hours4.6 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 Silver Spring?
Solar in Silver Spring, Maryland costs approximately $21,326 for a 6.9 kW system. After the 30% federal tax credit, your net cost is about $13,928.
What is the solar payback period in Silver Spring?
The estimated payback period for solar in Silver Spring is 9.5 years, based on a $150/month electric bill and local sun hours of 4.6 hrs/day.
Does PEPCO offer net metering?
PEPCO offers Full Retail net metering. Full retail rate.