Solar Panel Cost Guide in Miramar Beach, FL (2024 Update)
- Miramar Beach Solar Installation Cost: $13,060
- 25-Year Savings: $22,715
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Miramar Beach
Here’s how much it might cost to go solar in Miramar Beach.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Miramar Beach, the typical cost of a solar system is 3 per watt.The average solar panel system size in Miramar Beach is around 5.8 kilowatts, meaning a cost of about $13,060 for a solar installation, or $18,676 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Miramar Beach 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.With average savings of about $22,000 on power bills over 20 years, many homeowners in Miramar Beach find going solar has a decent ROI.
Click the button below to get connected to a reputable solar company in Miramar Beach for a customized quote.
Solar savings over time in Miramar Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-11,301 |
| 3 years | $-7,783 |
| 5 years | $-4,264 |
| 7 years | $-745 |
| 9 years | $2,773 |
| 11 years | $6,292 |
| 13 years | $9,810 |
| 15 years | $13,329 |
| 17 years | $16,847 |
| 19 years | $20,366 |
| 21 years | $23,884 |
| 23 years | $27,403 |
| 25 years | $30,921 |
Top Solar Installers in Miramar Beach
Installing solar panels by yourself can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar, opting for a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
Working with a vetted solar company can help your solar project go smoothly. 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 Miramar Beach
Factors that Affect Solar Panel Costs in Miramar Beach
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 greater savings over time. Plus, if you want extra equipment 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 time, but they can also be a big investment. That’s why many Miramar Beach homeowners choose to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make going solar more accessible for Miramar Beach homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you pick will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $20,053 | 10.3 years |
| 8 kW | $3.27 | $18,336 | $27,096 | 10.1 years |
| 10 kW | $3.21 | $22,470 | $34,320 | 9.9 years |
| 12 kW | $3.15 | $26,425 | $41,723 | 9.7 years |
| 14 kW | $3.08 | $30,200 | $49,306 | 9.5 years |
| 16 kW | $3.02 | $33,795 | $57,069 | 9.3 years |
| 18 kW | $2.95 | $37,210 | $65,012 | 9.1 years |
| 20 kW | $2.89 | $40,446 | $73,134 | 8.9 years |
How to Save on Solar Panels
There are many 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:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: If you’re worried about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 Miramar Beach, FL Solar Cost FAQs
How much does it cost to install solar panels in Miramar Beach?
The average cost of solar panels in Miramar Beach is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
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 trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Miramar Beach, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.