Solar Panel Cost Guide in North Palm Beach, FL (2024 Update)
- North Palm 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 North Palm Beach
We break down average solar pricing in North Palm Beach.
The national average cost of solar panels is $2.66 per watt, but in North Palm Beach it’s 3 per watt.The average solar panel system size in North Palm Beach is around 5.4 kilowatts, meaning a cost of about $12,093 for a solar installation, or $17,293 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs may look different based on the amount of energy your home requires and what company you go with.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar company in North Palm Beach for a quote for your home.
Solar savings over time in North Palm 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 North Palm Beach
When making the switch to solar, many homeowners decide to go with a solar installer since installing solar panels yourself can be a time-consuming project. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
If you're on the hunt for a solar company in North Palm Beach, the EcoWatch team has put together a list of our top suggestions here:
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 North Palm Beach
Factors that Affect Solar Panel Costs in North Palm Beach
Though the average cost of a solar system in North Palm Beach is $12,093, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of solar panels in North Palm Beach, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose 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
If paying for solar panels out of pocket is too expensive, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your overall costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in North Palm Beach, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in North Palm Beach have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $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 numerous companies to choose from in North Palm Beach, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
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 North Palm Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in North Palm Beach?
The average cost of solar panels in North Palm 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in North Palm Beach?
You can’t get solar panels for free in North Palm Beach. 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’d rather own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,083.63 per year.
How often do you have to replace solar panels?
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 amount 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.