Solar Panel Cost Guide in Bellair-Meadowbrook Terrace, FL (2024 Update)
- Bellair-Meadowbrook Terrace Solar Installation Cost: $12,787
- 25-Year Savings: $19,850
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Bellair-Meadowbrook Terrace
Find out what the average cost of solar panels are in Bellair-Meadowbrook Terrace.
The average cost of a solar panel system in Bellair-Meadowbrook Terrace is 3 per watt.The average Bellair-Meadowbrook Terrace homeowner needs a 5.7-kilowatt system, which would cost about $12,787 with the federal tax credit, or $18,285 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Bellair-Meadowbrook Terrace homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Bellair-Meadowbrook Terrace can save around $20,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Bellair-Meadowbrook Terrace
| Year | Return on Investment |
|---|---|
| 1 years | $-11,277 |
| 3 years | $-8,258 |
| 5 years | $-5,239 |
| 7 years | $-2,220 |
| 9 years | $799 |
| 11 years | $3,818 |
| 13 years | $6,837 |
| 15 years | $9,856 |
| 17 years | $12,875 |
| 19 years | $15,894 |
| 21 years | $18,913 |
| 23 years | $21,932 |
| 25 years | $24,951 |
Top Solar Installers in Bellair-Meadowbrook Terrace
When switching to solar energy, many homeowners opt to use a solar installation company since handling can be a difficult project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Bellair-Meadowbrook Terrace
Factors that Affect Solar Panel Costs in Bellair-Meadowbrook Terrace
The cost of installing a solar system in Bellair-Meadowbrook Terrace can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,210 per kilowatt in Bellair-Meadowbrook Terrace.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Bellair-Meadowbrook Terrace homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Bellair-Meadowbrook Terrace is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.34 | $14,021 | $17,533 | 11.1 years |
| 8 kW | $3.27 | $18,336 | $23,737 | 10.9 years |
| 10 kW | $3.21 | $22,470 | $30,121 | 10.7 years |
| 12 kW | $3.15 | $26,425 | $36,684 | 10.5 years |
| 14 kW | $3.08 | $30,200 | $43,428 | 10.3 years |
| 16 kW | $3.02 | $33,795 | $50,351 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $57,453 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $64,736 | 9.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Bellair-Meadowbrook Terrace, FL Solar Cost FAQs
How much does it cost to install solar panels in Bellair-Meadowbrook Terrace?
The average cost of solar panels in Bellair-Meadowbrook Terrace is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Bellair-Meadowbrook Terrace?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.