Solar Panel Cost Guide in South Patrick Shores, FL (2024 Update)
- South Patrick Shores Solar Installation Cost: $11,321
- 25-Year Savings: $20,236
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in South Patrick Shores
Let’s take a look at the average cost of solar in South Patrick Shores.
The national average cost of solar panels is $2.66 per watt, but in South Patrick Shores it’s 3 per watt.The average South Patrick Shores homeowner needs a 5.0-kilowatt system, which would cost about $11,321 with the federal tax credit, or $16,189 before the 0 tax credit is applied.
These figures are only averages, and your own solar costs may differ based on factors unique to your home and what company you go with.Despite the large upfront cost, the average South Patrick Shores homeowner can save around $22,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To get a free quote from a vetted solar installation company in South Patrick Shores, you can click the button below.
Solar savings over time in South Patrick Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-9,948 |
| 3 years | $-7,200 |
| 5 years | $-4,453 |
| 7 years | $-1,706 |
| 9 years | $1,041 |
| 11 years | $3,789 |
| 13 years | $6,536 |
| 15 years | $9,283 |
| 17 years | $12,030 |
| 19 years | $14,778 |
| 21 years | $17,525 |
| 23 years | $20,272 |
| 25 years | $23,019 |
Top Solar Installers in South Patrick Shores
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make your swap to solar power much easier. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar installer can make going solar easier. 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 South Patrick Shores
Factors that Affect Solar Panel Costs in South Patrick Shores
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 South Patrick Shores: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,210 per kilowatt in South Patrick Shores.The brand of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in South Patrick Shores, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.Though solar loans make going solar more accessible for South Patrick Shores homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in South Patrick Shores, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $20,702 | 10.1 years |
| 8 kW | $3.27 | $18,336 | $27,963 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,403 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $43,023 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $50,822 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $58,802 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $66,961 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,300 | 8.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
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 South Patrick Shores, FL Solar Cost FAQs
What is the average cost of installing solar panels in South Patrick Shores?
The average cost of solar panels in South Patrick Shores 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in South Patrick Shores?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in South Patrick Shores is currently $462,476, which means you can look forward to a value of about $18,962 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in South Patrick Shores is a worthwhile investment.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.