Solar Panel Cost Guide in Bellair-Meadowbrook Terrace, FL (2023 Update)
- Bellair-Meadowbrook Terrace Solar Installation Cost: $10,078
- 25-Year Savings: $19,850
- Payback Period: 8.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Bellair-Meadowbrook Terrace
Let's have a look at the average cost of solar panels in Bellair-Meadowbrook Terrace.
Although the national average of solar panels is $2.66 per watt, solar panels in Bellair-Meadowbrook Terrace typically cost about 2.53. Using this figure, a typical 5.7-kW system would cost about $10,077 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Bellair-Meadowbrook Terrace can save around $20,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar installer in Bellair-Meadowbrook Terrace that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bellair-Meadowbrook Terrace
| Year | Return on Investment |
|---|---|
| 1 years | $-8,569 |
| 3 years | $-5,550 |
| 5 years | $-2,531 |
| 7 years | $488 |
| 9 years | $3,507 |
| 11 years | $6,526 |
| 13 years | $9,545 |
| 15 years | $12,564 |
| 17 years | $15,583 |
| 19 years | $18,602 |
| 21 years | $21,621 |
| 23 years | $24,640 |
| 25 years | $27,659 |
Top Solar Installers in Bellair-Meadowbrook Terrace
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make swapping over to solar power much easier. 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.
If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers 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
See all of the solar companies in Bellair-Meadowbrook Terrace
Factors that Affect Solar Panel Costs in Bellair-Meadowbrook Terrace
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Bellair-Meadowbrook Terrace: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need 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 $2,530. The brand and type 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 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
Most solar installers in Bellair-Meadowbrook Terrace provide solar loans, which reduce the initial cost of installing solar panels. While solar loans make switching to solar energy more accessible for Bellair-Meadowbrook Terrace homeowners, they can also increase 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 solar installer you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Bellair-Meadowbrook Terrace, and each can charge varying amounts for labor and equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better 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 promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $20,504 | 8.8 years |
| 8 kW | $2.58 | $14,451 | $27,621 | 8.6 years |
| 10 kW | $2.53 | $17,710 | $34,881 | 8.4 years |
| 12 kW | $2.48 | $20,827 | $42,282 | 8.3 years |
| 14 kW | $2.43 | $23,802 | $49,825 | 8.1 years |
| 16 kW | $2.38 | $26,636 | $57,510 | 7.9 years |
| 18 kW | $2.33 | $29,328 | $65,336 | 7.7 years |
| 20 kW | $2.28 | $31,878 | $73,304 | 7.6 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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?
The average cost of solar panels in Bellair-Meadowbrook Terrace is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Bellair-Meadowbrook Terrace?
Solar panels aren't free in Bellair-Meadowbrook Terrace, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Bellair-Meadowbrook Terrace?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last 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.