Cost & Savings Breakdown
Based on $150/month electric bill in Waldorf
System Size
7.9 kW
Annual Production
10,355 kWh
Gross System Cost
$24,429
Federal Tax Credit (30%)
-$7,329
State Incentive
-$1,000
Net Cost
$16,100
Monthly Savings
$122
CO₂ Offset/yr
9,526 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilitySMECO
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.141/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 Waldorf?
Solar in Waldorf, Maryland costs approximately $24,429 for a 7.9 kW system. After the 30% federal tax credit, your net cost is about $16,100.
What is the solar payback period in Waldorf?
The estimated payback period for solar in Waldorf is 11 years, based on a $150/month electric bill and local sun hours of 4.5 hrs/day.
Does SMECO offer net metering?
SMECO offers Full Retail net metering. Check with your utility for current compensation rates..