Solar Panel Cost Guide in Upper Grand Lagoon, FL (2024 Update)
- Upper Grand Lagoon Solar Installation Cost: $12,844
- 25-Year Savings: $25,715
- Payback Period: 9.0 Years
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Average Cost of Solar Panels in Upper Grand Lagoon
Here’s how much it might cost to switch to solar power in Upper Grand Lagoon.
The national average cost of solar panels is $2.66 per watt, but in Upper Grand Lagoon it’s 3 per watt.Using this figure, a typical 5.7-kW system would cost about $12,844 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what company you go with.With average savings of about $24,000 on electricity bills over 20 years, many homeowners in Upper Grand Lagoon find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar company in Upper Grand Lagoon for a quote for your home.
Solar savings over time in Upper Grand Lagoon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,085 |
| 3 years | $-7,566 |
| 5 years | $-4,048 |
| 7 years | $-529 |
| 9 years | $2,989 |
| 11 years | $6,508 |
| 13 years | $10,026 |
| 15 years | $13,545 |
| 17 years | $17,063 |
| 19 years | $20,582 |
| 21 years | $24,100 |
| 23 years | $27,619 |
| 25 years | $31,137 |
Top Solar Installers in Upper Grand Lagoon
Trying to install solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. Plus, if you’re unsure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
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 Upper Grand Lagoon
Factors that Affect Solar Panel Costs in Upper Grand Lagoon
For many Upper Grand Lagoon homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Upper Grand Lagoon, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require 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 kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a 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 limited roof space 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Upper Grand Lagoon, and each can charge varying amounts for labor and equipment.Additionally, some companies in Upper Grand Lagoon are more knowledgeable 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 | $23,597 | 9.3 years |
| 8 kW | $3.27 | $18,336 | $31,822 | 9.1 years |
| 10 kW | $3.21 | $22,470 | $40,227 | 9.0 years |
| 12 kW | $3.15 | $26,425 | $48,811 | 8.8 years |
| 14 kW | $3.08 | $30,200 | $57,576 | 8.6 years |
| 16 kW | $3.02 | $33,795 | $66,520 | 8.4 years |
| 18 kW | $2.95 | $37,210 | $75,644 | 8.2 years |
| 20 kW | $2.89 | $40,446 | $84,947 | 8.1 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Upper Grand Lagoon, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Upper Grand Lagoon, FL Solar Cost FAQs
How much does it cost to install solar panels in Upper Grand Lagoon?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Upper Grand Lagoon?
You can’t get solar panels for free in Upper Grand Lagoon. However, you may still be able to install 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.
Is it worth going solar in Upper Grand Lagoon?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Upper Grand Lagoon?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.