Solar Panel Cost Guide in Belle Isle, FL (2023 Update)
- Belle Isle Solar Installation Cost: $9,695
- 25-Year Savings: $21,438
- Payback Period: 7.8 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 Belle Isle
Let's take a look at the average cost of solar in Belle Isle.
The national average cost of solar panels is $2.66 per watt, but in Belle Isle it's 2.53 per watt. Using this figure, a typical 5.5-kW system would cost about $9,687 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. With average savings of about $22,000 on power bills over 20 years, many homeowners in Belle Isle find investing in solar has a decent ROI.
Click the button below to get connected to a vetted solar company in your area for a personalized quote.
Solar savings over time in Belle Isle
| Year | Return on Investment |
|---|---|
| 1 years | $-9,591 |
| 3 years | $-9,384 |
| 5 years | $-9,176 |
| 7 years | $-8,969 |
| 9 years | $-8,761 |
| 11 years | $-8,554 |
| 13 years | $-8,346 |
| 15 years | $-8,138 |
| 17 years | $-7,931 |
| 19 years | $-7,723 |
| 21 years | $-7,516 |
| 23 years | $-7,308 |
| 25 years | $-7,101 |
Top Solar Installers in Belle Isle
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using a solar panel installer can make your switch to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you go with a solar company as well, which can save you more money after your initial investment.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Belle Isle
Factors that Affect Solar Panel Costs in Belle Isle
For many Belle Isle homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Belle Isle, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,530. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 greater savings over time. Also, 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 utility bills over time, but they can also be a big investment. That's why many Belle Isle homeowners decide to finance their solar panel systems to make paying for solar more affordable. When considering 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 reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Belle Isle, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $23,071 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,045 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,160 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,417 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,816 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,356 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $73,038 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,862 | 7.0 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Belle Isle, FL Solar Cost FAQs
What is the average cost of installing solar panels in Belle Isle?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.