Solar Panel Cost Guide in Florida City, FL (2024 Update)
- Florida City Solar Installation Cost: $11,933
- 25-Year Savings: $19,948
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Florida City
Let’s have a look at the average cost of solar in Florida City.
The national average cost of solar panels is $2.66 per watt, but in Florida City it’s 3 per watt.The average solar panel system size in Florida City is around 5.3 kilowatts, meaning a cost of about $11,933 for a solar installation, or $17,064 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Florida City based on a few factors, such as the kind of solar panels you choose and the solar company you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $21,000 over 20 years on electricity bills.
To receive a free quote from a pre-vetted solar company in Florida City, you can click the button below.
Solar savings over time in Florida City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,559 |
| 3 years | $-7,812 |
| 5 years | $-5,064 |
| 7 years | $-2,317 |
| 9 years | $430 |
| 11 years | $3,177 |
| 13 years | $5,925 |
| 15 years | $8,672 |
| 17 years | $11,419 |
| 19 years | $14,166 |
| 21 years | $16,913 |
| 23 years | $19,661 |
| 25 years | $22,408 |
Top Solar Installers in Florida City
Installing solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, particularly if you aren’t sure what brand of solar equipment would be right for your home.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Florida City
Factors that Affect Solar Panel Costs in Florida City
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Florida City: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,210 per kilowatt in Florida City.There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Florida City to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.When considering 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 lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Florida City is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $19,142 | 10.6 years |
| 8 kW | $3.27 | $18,336 | $25,883 | 10.4 years |
| 10 kW | $3.21 | $22,470 | $32,803 | 10.2 years |
| 12 kW | $3.15 | $26,425 | $39,902 | 10.0 years |
| 14 kW | $3.08 | $30,200 | $47,182 | 9.8 years |
| 16 kW | $3.02 | $33,795 | $54,641 | 9.6 years |
| 18 kW | $2.95 | $37,210 | $62,280 | 9.4 years |
| 20 kW | $2.89 | $40,446 | $70,099 | 9.1 years |
How to Save on Solar Panels
There are many companies available in Florida City, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: If you care about the endurance of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
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 Florida City, FL Solar Cost FAQs
How much does it cost to install solar panels in Florida City?
The average cost of solar panels in Florida City 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Florida City?
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 offer you credit toward your future utility bills.
How long do solar panels last in Florida City?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.