Solar Panel Cost Guide in Bellair-Meadowbrook Terrace, FL (2024 Update)
- Bellair-Meadowbrook Terrace Solar Installation Cost: $12,787
- 25-Year Savings: $19,850
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Bellair-Meadowbrook Terrace
Find out what the average cost of solar panels are in Bellair-Meadowbrook Terrace.
In Bellair-Meadowbrook Terrace, solar panels cost about 3 per watt on average.The average solar panel system size in Bellair-Meadowbrook Terrace is around 5.7 kilowatts, meaning a cost of about $12,787 for a solar installation, or $18,285 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on electricity bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Bellair-Meadowbrook Terrace
| Year | Return on Investment |
|---|---|
| 1 years | $-11,277 |
| 3 years | $-8,258 |
| 5 years | $-5,239 |
| 7 years | $-2,220 |
| 9 years | $799 |
| 11 years | $3,818 |
| 13 years | $6,837 |
| 15 years | $9,856 |
| 17 years | $12,875 |
| 19 years | $15,894 |
| 21 years | $18,913 |
| 23 years | $21,932 |
| 25 years | $24,951 |
Top Solar Installers in Bellair-Meadowbrook Terrace
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make converting to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you’d like to go solar but still aren’t sure which solar company to go with, here are our suggestions for providers nearby:
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 Bellair-Meadowbrook Terrace
Factors that Affect Solar Panel Costs in Bellair-Meadowbrook Terrace
The cost of installing a solar system in Bellair-Meadowbrook Terrace can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation 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.The brand and kind of equipment you get 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Bellair-Meadowbrook Terrace homeowners opt to finance their solar panel systems to make paying for solar more affordable.Though solar loans make going solar more accessible for Bellair-Meadowbrook Terrace homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating in Bellair-Meadowbrook Terrace, and each can charge different amounts for labor and equipment.The company’s size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $17,533 | 11.1 years |
| 8 kW | $3.27 | $18,336 | $23,737 | 10.9 years |
| 10 kW | $3.21 | $22,470 | $30,121 | 10.7 years |
| 12 kW | $3.15 | $26,425 | $36,684 | 10.5 years |
| 14 kW | $3.08 | $30,200 | $43,428 | 10.3 years |
| 16 kW | $3.02 | $33,795 | $50,351 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $57,453 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $64,736 | 9.6 years |
How to Save on Solar Panels
There are numerous companies available in Bellair-Meadowbrook Terrace, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Installation Process: When making the switch to solar energy, it’s important to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Bellair-Meadowbrook Terrace, FL Solar Cost FAQs
What is the average cost of installing solar panels in Bellair-Meadowbrook Terrace?
This is a difficult question to answer precisely, 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. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Bellair-Meadowbrook Terrace?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
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 Bellair-Meadowbrook Terrace is currently $377,002, so you can expect a value of about $15,457 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Bellair-Meadowbrook Terrace is a rewarding 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 higher level 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.