Solar Panel Cost Guide in Bithlo, FL (2023 Update)
- Bithlo Solar Installation Cost: $9,687
- 25-Year Savings: $21,016
- Payback Period: 7.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bithlo
We break down average solar pricing in Bithlo.
The average cost of a solar panel system in Bithlo is 2.53 per watt. Since a 5.5-kW system is needed to cover the energy consumption of a typical home in Bithlo, the average price of going solar will be about $9,687 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you will most likely look different based on the amount of energy your home requires and what company you want to go with. Many homeowners find going solar is a solid investment. The average homeowner in Bithlo can save around $21,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Bithlo
| Year | Return on Investment |
|---|---|
| 1 years | $-8,459 |
| 3 years | $-6,003 |
| 5 years | $-3,547 |
| 7 years | $-1,091 |
| 9 years | $1,366 |
| 11 years | $3,822 |
| 13 years | $6,278 |
| 15 years | $8,734 |
| 17 years | $11,191 |
| 19 years | $13,647 |
| 21 years | $16,103 |
| 23 years | $18,559 |
| 25 years | $21,016 |
Top Solar Installers in Bithlo
Trying to install solar panels by yourself can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. Another great thing about going with a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Bithlo:
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 Bithlo
Factors that Affect Solar Panel Costs in Bithlo
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Bithlo: 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 variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better 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 kind of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Bithlo, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also is within your budget.
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 | $22,599 | 8.2 years |
| 8 kW | $2.58 | $14,451 | $30,416 | 8.1 years |
| 10 kW | $2.53 | $17,710 | $38,374 | 7.9 years |
| 12 kW | $2.48 | $20,827 | $46,474 | 7.7 years |
| 14 kW | $2.43 | $23,802 | $54,715 | 7.6 years |
| 16 kW | $2.38 | $26,636 | $63,099 | 7.4 years |
| 18 kW | $2.33 | $29,328 | $71,624 | 7.3 years |
| 20 kW | $2.28 | $31,878 | $80,290 | 7.1 years |
How to Save on Solar Panels
There are a large number of companies available in Bithlo, 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:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: If you're concerned about the durability of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Contract: Read the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
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 Bithlo, FL Solar Cost FAQs
How much does it cost to install solar panels in Bithlo?
This is a tough question to answer exactly, because the cost depends on many factors. Generally 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 additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Bithlo?
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.