Electric Rate Facts

States / Maryland

Maryland electricity rates and solar payback

19.48¢Residential price per kWh, 2025
21.41¢2026-07 per kWh; same month a year earlier: 18.83¢
945Average monthly use, kWh (2025)
$184.04Average monthly bill (2025)

Residential electricity price history

Cents per kWh, annual state averages.

201014.32¢
201113.31¢
201212.84¢
201313.25¢
201413.63¢
201513.82¢
201614.23¢
201713.96¢
201813.3¢
201913.12¢
202013.01¢
202113.12¢
202214.46¢
202316.6¢
202417.86¢
202519.48¢

Electricity prices by sector, 2025

SectorCents/kWh
Residential19.48
Commercial14.74
Industrial12.5
All sectors16.83

Solar in Maryland

This illustration uses Baltimore solar yield (1347.5 kWh/kW/year) and the state trailing monthly mean rate of 22.31¢/kWh, 2025-08 through 2026-07. It is sized for average state household use.

Solar simple payback

System size8.4 kW
Installed price$3.95/W
Gross cost$33,200
Annual production11,319 kWh
Annual value$2,525
Simple payback estimate13.1 years

Installed price uses the state median, n = 29 systems, from Berkeley Lab Tracking the Sun (systems installed in 2025, in 2025 dollars, before incentives).

System size = annual household use divided by local annual yield. Gross cost = size in watts × installed price per watt. Annual value = annual production × the state electricity rate in dollars per kWh. Simple payback = gross cost divided by annual value.

The federal 25D credit ended for systems installed after Dec 31 2025. State and utility incentives are not included. This estimate values all production at retail, with no financing, maintenance, degradation, rate changes or discounting. Actual export payments and roof conditions can change the result. Figures are rounded. Sources and limits.

Cities in Maryland