Solar Panel Cost Guide in Asbury Lake, FL (2025 Update)
- Asbury Lake Solar Installation Cost: $12,787
- 25-Year Savings: $19,862
- Payback Period: 10.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Asbury Lake
Find out what the average cost of installing solar panels is in Asbury Lake.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Asbury Lake, the typical cost of a solar system is 3 per watt.Using this figure, a typical 5.7-kW system would cost about $12,787 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more.Many homeowners find going solar is a fruitful investment. The average homeowner in Asbury Lake can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Asbury Lake that can help you get a more accurate cost estimate for your home.
Solar savings over time in Asbury Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-11,413 |
| 3 years | $-8,666 |
| 5 years | $-5,919 |
| 7 years | $-3,172 |
| 9 years | $-424 |
| 11 years | $2,323 |
| 13 years | $5,070 |
| 15 years | $7,817 |
| 17 years | $10,565 |
| 19 years | $13,312 |
| 21 years | $16,059 |
| 23 years | $18,806 |
| 25 years | $21,554 |
Top Solar Installers in Asbury Lake
Trying to put up solar panels on your own can be a challenging undertaking, which is why getting a solar installation company is a good option for many homeowners. Solar warranties and repairs are often included in the cost of installation when you go with a solar company too, which can save you more money over time.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Asbury Lake
Factors that Affect Solar Panel Costs in Asbury Lake
The cost of installing a solar system in Asbury Lake can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,210.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Asbury Lake, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
If paying for a solar system in cash is difficult, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Asbury Lake, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $17,546 | 11.1 years |
| 8 kW | $3.27 | $18,336 | $23,754 | 10.9 years |
| 10 kW | $3.21 | $22,470 | $30,142 | 10.7 years |
| 12 kW | $3.15 | $26,425 | $36,710 | 10.5 years |
| 14 kW | $3.08 | $30,200 | $43,457 | 10.3 years |
| 16 kW | $3.02 | $33,795 | $50,384 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $57,491 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $64,778 | 9.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Asbury Lake, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you’d like to get plays a part in which installer you should go with, since different companies offer different panels.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
- 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.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
EcoWatch's Asbury Lake, FL Solar Cost FAQs
How much does it cost to install solar panels in Asbury Lake?
This is a tough question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Asbury Lake?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Does Asbury Lake have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Asbury Lake?
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 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.