Solar Panel Cost Guide in Boynton Beach, FL (2024 Update)
- Boynton Beach 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 Boynton Beach
Find out how much it might cost to install solar panels in Boynton Beach.
The average cost of a solar system in Boynton Beach is 3 per watt.The average Boynton Beach 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.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you choose, your solar contractor and more.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Boynton Beach can save about $21,000 on their energy bills over 20 years.
To receive a free quote from a pre-vetted solar installation company in Boynton Beach, you can click the button below.
Solar savings over time in Boynton Beach
| 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 Boynton Beach
Putting up solar panels yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Some solar companies, especially local ones, can help you take advantage of incentives in Boynton Beach, therefore optimizing your ROI.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Boynton Beach
Factors that Affect Solar Panel Costs in Boynton Beach
Although the average cost of a solar system in Boynton Beach is $12,093, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Boynton Beach, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Boynton Beach, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that has the products, warranties and services you want and also fits 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 many companies to choose from in Boynton Beach, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Boynton Beach, FL Solar Cost FAQs
How much does it cost to install solar panels in Boynton Beach?
The average cost of solar panels in Boynton Beach 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 consume.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Boynton Beach have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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 home 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.