Solar Panel Cost Guide in Balm, FL (2025 Update)
- Balm Solar Installation Cost: $12,394
- 25-Year Savings: $17,212
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Balm
Here’s how much it might cost to switch to solar power in Balm.
Although the national average of solar panels is $2.66 per watt, solar panels in Balm typically cost about 3.To cover the typical energy usage of the average home in Balm, most homeowners require a 5.5-kilowatt system. Using the figure above, a solar installation costs around $12,394, or $17,723 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Balm
| Year | Return on Investment |
|---|---|
| 1 years | $-11,052 |
| 3 years | $-8,370 |
| 5 years | $-5,687 |
| 7 years | $-3,004 |
| 9 years | $-321 |
| 11 years | $2,362 |
| 13 years | $5,045 |
| 15 years | $7,728 |
| 17 years | $10,411 |
| 19 years | $13,094 |
| 21 years | $15,776 |
| 23 years | $18,459 |
| 25 years | $21,142 |
Top Solar Installers in Balm
Although you can install solar panels yourself, it involves extra labor and expertise. Because of that, most people choose a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Balm
Factors that Affect Solar Panel Costs in Balm
There are many criteria that can affect your solar panel 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
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Balm, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Balm provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also adds to your all-in costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can play a part in determining how much you pay. Balm’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Balm know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $15,328 | 11.9 years |
| 8 kW | $3.27 | $18,336 | $20,797 | 11.7 years |
| 10 kW | $3.21 | $22,470 | $26,446 | 11.5 years |
| 12 kW | $3.15 | $26,425 | $32,274 | 11.3 years |
| 14 kW | $3.08 | $30,200 | $38,282 | 11.0 years |
| 16 kW | $3.02 | $33,795 | $44,470 | 10.8 years |
| 18 kW | $2.95 | $37,210 | $50,838 | 10.6 years |
| 20 kW | $2.89 | $40,446 | $57,385 | 10.3 years |
How to Save on Solar Panels
There are a lot of companies available in Balm, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Well-established companies 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.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which company you should opt for, since different companies have access to different panels.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Balm, FL Solar Cost FAQs
What is the average cost of installing solar panels in Balm?
This is a hard question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Balm?
Leasing solar panels can be an appealing 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels eliminate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Balm, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
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 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.