Solar Panel Cost Guide in Inverness Highlands South, FL (2024 Update)
- Inverness Highlands South Solar Installation Cost: $12,573
- 25-Year Savings: $22,508
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Inverness Highlands South
We go over average solar pricing in Inverness Highlands South.
The average cost of a solar system in Inverness Highlands South is 3 per watt.Because a 5.6-kW system is needed to cover the energy needs of a typical home in Inverness Highlands South, the average price of going solar will be about $12,573 after claiming the federal solar tax credit of 0.
How much you pay can go above or below the average in Inverness Highlands South depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Inverness Highlands South see about $23,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in Inverness Highlands South for a customized quote.
Solar savings over time in Inverness Highlands South
| Year | Return on Investment |
|---|---|
| 1 years | $-10,798 |
| 3 years | $-7,248 |
| 5 years | $-3,699 |
| 7 years | $-149 |
| 9 years | $3,400 |
| 11 years | $6,950 |
| 13 years | $10,499 |
| 15 years | $14,049 |
| 17 years | $17,599 |
| 19 years | $21,148 |
| 21 years | $24,698 |
| 23 years | $28,247 |
| 25 years | $31,797 |
Top Solar Installers in Inverness Highlands South
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make swapping over to solar power much easier. The expertise that solar companies offer can be invaluable as well, especially if you don’t quite know what brand of solar equipment you need.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Inverness Highlands South:
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 Inverness Highlands South
Factors that Affect Solar Panel Costs in Inverness Highlands South
Even though the average cost of a solar system in Inverness Highlands South is $12,573, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Inverness Highlands South, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Inverness Highlands South, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.Though solar loans make adopting solar energy more accessible for Inverness Highlands South homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Inverness Highlands South, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Inverness Highlands South know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $20,740 | 10.1 years |
| 8 kW | $3.27 | $18,336 | $28,013 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,466 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $43,098 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $50,911 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $58,903 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $67,074 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,426 | 8.7 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: The type of solar panel you want to install plays a role in which installer you should go with, since different companies have access to different panels.
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 Inverness Highlands South, FL Solar Cost FAQs
What is the average cost of installing solar panels in Inverness Highlands South?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Inverness Highlands South?
You can’t get solar panels for free in Inverness Highlands South. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Inverness Highlands South, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last 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.