Solar Panels Cost 6.4k-15k in Dagsboro, DE | October, 2024

Solar Panels Cost $6.4k-$15k in Dagsboro, DE | October, 2024

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How much do solar panels cost in Dagsboro, DE in 2024?

On average, in Dagsboro, DE in the month of October, 2024, the price per watt of solar systems is $3.07/W.

For every 1000 watts (1 kW) your solar system can generate, you will have to spend, on average, $3,070 to have it installed. In Dagsboro, a 5 kW panel install will cost you, on average, $10,745 after the 30% federal income tax credit. However, a 5kW system might not be sufficient to meet your energy requirements.

To the left, you have the option to select your county and find out the average roof size along with the average maximum capacity for residential solar in homes in your area. Displayed below is a summary of the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Dagsboro: $10,745US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Dagsboro: 5 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Dagsboro: $26,261US Average: $15,784

Solar Potential in Dagsboro

Estimated system size and solar electricity production per median viable roof in
Dagsboro.

Roof size 572sq. ft.
Capacity 8kW DC
Electricity 9.8kkWh AC per yr.

Electricity Costs in Dagsboro, DE & What that Means for Your Solar Panel Pricing

The typical electric bill for a Dagsboro energy consumer is $173.38, with monthly usage typically at 802 kWh. Bear in mind, this figure encompasses smaller residential units such as apartments, which usually have lower energy needs.

In October 2024, the average electricity rate in Dagsboro, DE amounts to 21.61¢ per kWh.

In Dagsboro, the average electricity user must have a solar power setup of 7 kW or higher to satisfy their full energy needs. Presently, a 7 kW solar system will be priced at around $21,490upfront, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $15,043.

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Average solar panel costs by system size in Dagsboro

Shown on the left side, you will find a comprehensive price breakdown of the different sizes of solar panel systems installed in Dagsboro. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can gain.

The cost-benefit analysis for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $173.38 in Dagsboro. Swap the $173.38 with your typical electricity bill to get more detailed results.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $1,000 a year
Est. Price
$6,447
Savings from a 3kWthis system
  • Est. yearly production 4,547 kWh
  • Est. monthly savings $83
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 2.17 tons a year
  • Equivalent to planting 100 trees a year
  • Equivalent to driving 5,380 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,334 a year
Est. Price
$8,596
Savings from a 4kWthis system
  • Est. yearly production 6,063 kWh
  • Est. monthly savings $111
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.9 tons a year
  • Equivalent to planting 133 trees a year
  • Equivalent to driving 7,174 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,667 a year
Est. Price
$10,745
Savings from a 5kWthis system
  • Est. yearly production 7,579 kWh
  • Est. monthly savings $139
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 3.62 tons a year
  • Equivalent to planting 166 trees a year
  • Equivalent to driving 8,967 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $2,001 a year
Est. Price
$12,894
Savings from a 6kWthis system
  • Est. yearly production 9,095 kWh
  • Est. monthly savings $167
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 4.35 tons a year
  • Equivalent to planting 200 trees a year
  • Equivalent to driving 10,760 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $2,334 a year
Est. Price
$15,043
Savings from a 7kWthis system
  • Est. yearly production 10,610 kWh
  • Est. monthly savings $173
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.51 tons a year
  • Equivalent to planting 207 trees a year
  • Equivalent to driving 11,165 mi less a year

Dagsboro Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

Homeowners can take advantage of a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option in much of the country. Together with federal efforts, state and local programs help to support the use of solar power.

Delaware features 15 solar rebate and incentive initiatives provided by multiple utilities and government organizations.

Solar incentives in DE

Green Grant- Solar Hot Water and Geothermal program

Value:Up to $200,000

The Green Grant Delaware incentive program is co-administered by the Delaware Sustainable Utility and Department of Natural Resources. The program incentivizes commercial, industrial, and nonprofit customers anywhere in the state to install solar thermal or geothermal energy devices. Interested customers must apply online through the program website. Applicants must answer certain technical questions and submit planning documents for DESEU's review. Once the project is approved, construction may begin. Rebates will be awarded upon project completion at a rate proportional to the customer's estimated cost savings.

DEMEC Member Utilities - Green Energy Program Incentives

Value:Up to $7,500

Residential and commercial customers in the city of Newark may be entitled to a financial incentive upon installing a solar PV/thermal, wind, geothermal, or fuel cell energy system. Rebate amounts are based on system type and rated capacity up to a maximum threshold, and will add to net metering credits the customer may receive through using their system. To qualify for the incentive, the system must be installed by a certified contractor and carry a satisfactory warranty term. Restrictions on shade and panel orientation also apply. Additional information is available on the DEMEC website.

Delmarva Power - Green Energy Program Incentives

Value:Up to $6,000

Residential and commercial Delmarva (DPL) customers may be entitled to a rebate upon installing a solar PV or thermal system, small turbine, or heat pump. The rebate will vary depending on the type of system, its rated capacity, and the type of property the owner has. To qualify, customers must undergo a pre-installation energy audit, use a DPL certified contractor for installation, and ensure their system has at least a five-year warranty. New residential or commercial buildings may also be eligible for the incentive, provided the facility meets ENERGY STAR certification standards. Incentives will be awarded until funding runs out for the year. Further information is available from the Delmarva website.

Sustainable Energy Utility (SEU) - Revolving Loan Fund

Value:Varies

The Delaware Sustainable Utility (DESEU) manages a Revolving Loan Fund to provide financial assistance to businesses and public entities making energy efficiency capital improvements. The borrower may use loan funds before and during installation of their new equipment. Eligible projects and services include any procedures required to bring the property up to code in preparation for improvements. Contracting services funded by an RLF loan must meet proper licensure and labor standards. For applicants, credit checks, bank references, and energy audits may apply. Additional information is available through the Energize Delaware website.

Delmarva - Green Energy Fund

Value:Varies

Delaware's Green Energy Fund was created alongside the state's renewable portfolio standard in 1999. Electric utilities in the state may contribute to the fund or establish their own similar fund in lieu of participating in the RPS; the current required contribution is $0.178 per megawatt hour sold in or transmitted through Delaware. Contributions to the Green Energy Fund support research in and procurement of energy efficiency solutions. Delaware also has energy public benefits funds supported by state utilities. Around $2.6 million per year from the fund supports energy efficiency and renewable energy adoption programs, with $800,000 per year supporting programs targeted at low-income customers. Additional information can be found on Delmarva Power's website as they are the most significant contributor to each fund.

Delaware Municipal Electric Corporation - Green Energy Fund

Value:Varies

DEMEC, an alliance of nine local utilities in Delaware, elected to create their own Green Energy Funds in lieu of participating in the state fund or renewable portfolio standard. Each of the cities of Dover, Newark, Middletown, New Castle, Smyrna, Seaford, Clayton, Milford, and Lewes has an individual fund supported by a tariff on customer energy bills. In Dover, Milford, and Newark, funding currently supports a variety of incentive programs for renewable energy adoption. Central DEMEC policies dictate that cities cannot access other local funds. Incentive programs or other initiatives may therefore have stricter financial or practical limitations through the fiscal year. Additional information is available on the DEMEC website.

Net Metering

Value:Varies

Utilities in the state of Delaware participate in net metering arrangements with their distributed renewable energy customers. Most solar PV, wind, hydroelectric, or fuel cell system qualifies, as well as some electric vehicles sending energy back to the grid. Capacity limits for residential customers are 25 kW; for farms, 100 kW; for non-residential DEC/municipal customers, 500 kW; and for non-residential Delmarva customers, 2 MW. Participating customers agree to sell their net excess generation (NEG) back to the utility. They may choose to be paid an annual lump sum or receive regular bill credits at a variable rate. Under the monthly option, should generation exceed consumption for a cycle, the NEG credits will carry over to the next one. Any unclaimed credits will be paid directly to the customer at the end of the year. "Virtual net metering" arrangements are intended for customers using a community renewable microgrid. The utility will compensate subscribers for combined NEG at a wholesale rate. Additional information is available from the DEPSC website.

Sustainable Electric Utility (SEU)- SREC Purchase Program

Value:Varies

Any Delaware resident with a solar PV system that commenced operation after August 2014 may be entitled to sell their renewable credits to the Sustainable Energy Utility if they are not already under such an arrangement. The purchase program is a part of Delaware's "open auction" for SRECs and operates in spot markets. Participants will agree to a 20-year contract in which the state will reimburse them $55 per credit. Each SREC is equal to about one megawatt hour of energy. Certain new PV systems may qualify to enter a contract if they were constructed through the Green Grant Delaware program. Additional information is available from the program website.

Renewables Portfolio Standard

Value:Varies

Beginning with S.B. 74, the state of Delaware has established a Renewable Portfolio Standard for itself. The standard has been renewed and expanded each time it was set to expire. Under current law, one quarter of the state's energy must come from renewable sources by 2025. Compliance is measured using Renewable Energy Credits (RECs) pegged to a certain dollar amount. All electric utilities operating within state lines are required to purchase RECs from their customers toward the standard and produce annual compliance reports. Credits are valid for three years after they are acquired. Utilities may opt out of participation in the standard if they contribute to the state's Green Energy Fund (GEF) or establish an RPS program and GEF of their own. Additional information is available on the Delaware Public Service Commission website.

Delaware Electric Cooperative - Green Energy Program Incentives

Value:Varies

Through their own Green Energy Fund, the Delaware Electric Cooperative awards rebates to members installing on-site solar, wind, fuel cell, or geothermal energy equipment. Applications will be open until funding runs out for the year. For program purposes, equipment under rebate is divided into two tiers based on average annual consumption: Class A and Class B. A customer's rebate amount will vary depending on which tier their system is sorted into and the type of technology involved. To qualify, customers must use a participating DEC installation contractor and meet minimum warranty requirements. They may also need to undergo a pre-installation energy audit. Additional information is available on the DEC websit

Solar Renewable Energy Credits (SRECs) Spot Market Program

Value:Varies

Users of solar, wind, biomass, and hydroelectric power systems in Delaware generate renewable energy credits (RECs). For solar power, one SREC equals one megawatt hour and is priced at roughly $55. Utilities must purchase these credits to go toward the state's renewable portfolio standard or pay an alternative compliance fee. Renewable generation system owners within certain localities may sell their SRECs to utilities on an open "spot market" for as long as their generation equipment is in proper working order. Interested Delawareans may certify their equipment with the Delaware Public Service Commission to access the GATS bidirectional metering and credit commerce system. Additional information is available on the DEPSC website.

Sustainable Energy Utility

Value:Varies

Energize Delaware is an initiative managed by the state's Sustainable Energy Utility and created in 2007. The program is not a PACE program, but it operates on similar "open market" principles. Any utility customer, no matter their type or needs, may make use of the program to obtain incentives when they adopt renewable energy solutions. The full breadth of advisory, procurement, and installation services are available through Energize Delaware. Many of the current programs target residential renewable energy with an emphasis on solar PV and thermal systems. Additional information is available on the program website.

Interconnection Guidelines

Value:Varies

Multiple Delaware regulators have issued standardized rules for interconnecting power systems on a distributed grid. While required standards vary between utilities, most regulations currently apply to the Delmarva and DEC grids. Regulations are divided into four tiers based on a generation system's size and technology. As rated capacity increases, interconnection application review turnaround will lengthen and administrative fees become more expensive. Certain expedited review processes may apply for small systems using internationally certified equipment. Any interconnected system must have breakers, break isolators, and disconnect switches for safety. Owners must also obtain a minimum system warranty and sufficient liability insurance. Additional information is available from the DNREC website.

Delaware Electric Cooperative - Green Energy Fund

Value:Varies

The Delaware Electric Cooperative was one of several utilities to opt out of the state's Green Energy Fund and renewable portfolio standard. In lieu of either program, the cooperative instead manages its own fund worth about $206,000 per year. This fund is supported by a tariff on customer energy bills. Funding typically supports distributed generation initiatives and rebate programs incentivizing customers to adopt renewable energy. Programs will vary from time to time, and they may have stricter financial or practical limitations due to a smaller annual budget. Additional information is available on the cooperative website.

SREC Procurement Program

Value:Varies

The Solar Renewable Energy Certificate (SREC) Procurement Program sets the process by which Delaware can create a market for the exchange of SRECs. The policy creates a conduit for solar energy generators to procure SRECs based on the size of the system. Generators apply through a bidding process to receive the certificates through new projects only. Applicants receive interconnection with the main utility grid to allow for the exchange of power for SRECs. Generators that use state-approved labor resources receive a 10 percent bonus.

Are solar panels worth it in Delaware?

If you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Dagsboro. Over a 20 year time frame, a 5 kW solar system in Dagsboro, DE could save you approximately $30,866.2, with the average break even time being 5 years.

The cost of not having solar panels in Dagsboro, DE

The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Dagsboro is 0.85. The average length of an outage is 67.1 minutes. However, during significant events such as vandalism, overloaded power grids or hurricanes, this duration can grow considerably.

A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Sussex County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Dagsboro, DE?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.

Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.

Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.

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Who are the best solar installers in Dagsboro?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Paradise Energy Solutions

Paradise CDP, PA(877) 851-9269

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Reparation of solar arrays.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Solar Energy World

Elkridge CDP, MD(866) 856-4580

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

KW Solar Solutions

Elkton, MD(302) 838-8400

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Green Street Solar

Selbyville, DE(302) 297-8174

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Lumina Solar

Baltimore, MD(800) 971-6118

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

American Sentry Solar

Bel Air, MD(800) 823-0555

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of batteries.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

Dagsboro, DE Solar Panel Cost FAQs

  • In October, 2024, the typical price per watt for solar panels in Dagsboro, DE is $3.07/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Dagsboro, DE is roughly $10,745.
  • Utilities and government agencies in Delaware are currently offering 15 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.
  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also financially beneficial. Installers frequently provide financing options and will specify them in your initial quotes.
  • Yes, the average 5 kW solar panel payback period in Dagsboro, DE stands at 5 years, yielding average electricity savings of $30,866.2 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01