Solar Panel Cost Guide in Boca Raton, FL (2024 Update)
- Boca Raton Solar Installation Cost: $12,093
- 25-Year Savings: $19,628
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Boca Raton
Let’s have a look at the average cost of solar panels in Boca Raton.
In Boca Raton, solar panels cost about 3 per watt on average.The average Boca Raton homeowner needs a 5.4-kilowatt system, which would cost about $12,093 with the federal tax credit, or $17,293 before the 0 tax credit is applied.
The true cost of your system can be higher or lower than the average in Boca Raton based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a solid investment. The average homeowner in Boca Raton can save about $21,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Boca Raton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,719 |
| 3 years | $-7,972 |
| 5 years | $-5,224 |
| 7 years | $-2,477 |
| 9 years | $270 |
| 11 years | $3,017 |
| 13 years | $5,765 |
| 15 years | $8,512 |
| 17 years | $11,259 |
| 19 years | $14,006 |
| 21 years | $16,753 |
| 23 years | $19,501 |
| 25 years | $22,248 |
Top Solar Installers in Boca Raton
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make converting to solar power much easier. The payback period on a solar system will vary based on factors like your location and energy consumption, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Boca Raton:
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 Boca Raton
Factors that Affect Solar Panel Costs in Boca Raton
Though the average cost of a solar system in Boca Raton is $12,093, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 Boca Raton.The brand of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Boca Raton, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Boca Raton, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that has the products, warranties and services you want and also is within your budget.
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 | $18,488 | 10.8 years |
| 8 kW | $3.27 | $18,336 | $25,010 | 10.6 years |
| 10 kW | $3.21 | $22,470 | $31,711 | 10.4 years |
| 12 kW | $3.15 | $26,425 | $38,593 | 10.2 years |
| 14 kW | $3.08 | $30,200 | $45,654 | 10.0 years |
| 16 kW | $3.02 | $33,795 | $52,895 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,316 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $67,917 | 9.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Boca Raton, FL Solar Cost FAQs
How much does it cost to install solar panels in Boca Raton?
The average cost of solar panels in Boca Raton 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Boca Raton?
You can’t get solar panels for free in Boca Raton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Boca Raton have a net metering program?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.