Solar Panel Cost Guide in Chipley, FL (2024 Update)
- Chipley Solar Installation Cost: $13,134
- 25-Year Savings: $24,048
- Payback Period: 9.5 Years
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Average Cost of Solar Panels in Chipley
Let’s take a look at the average cost of solar in Chipley.
The average cost of solar panels in Chipley is 3 per watt.The average solar panel system size in Chipley is around 5.8 kilowatts, meaning a cost of about $13,134 for a solar installation, or $18,782 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Chipley based on a few factors, such as the model of solar panels you choose and the solar installer you hire.Many homeowners find going solar is a sound investment. The average homeowner in Chipley can save about $22,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar installer in Chipley that can help you get a more accurate cost estimate for your home.
Solar savings over time in Chipley
| Year | Return on Investment |
|---|---|
| 1 years | $-11,375 |
| 3 years | $-7,856 |
| 5 years | $-4,338 |
| 7 years | $-819 |
| 9 years | $2,699 |
| 11 years | $6,218 |
| 13 years | $9,736 |
| 15 years | $13,255 |
| 17 years | $16,773 |
| 19 years | $20,292 |
| 21 years | $23,810 |
| 23 years | $27,329 |
| 25 years | $30,847 |
Top Solar Installers in Chipley
Many homeowners decide to hire a solar panel installer since figuring out how to install solar panels by yourself can be time-consuming. The payback period of solar panels will vary based on factors like your location and energy usage, but going with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our recommendations for providers in Chipley:
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 Chipley
Factors that Affect Solar Panel Costs in Chipley
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Chipley, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by around $3,210 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Chipley, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Chipley is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services for different budgets.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, 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 | $3.34 | $14,021 | $21,289 | 9.9 years |
| 8 kW | $3.27 | $18,336 | $28,745 | 9.7 years |
| 10 kW | $3.21 | $22,470 | $36,381 | 9.5 years |
| 12 kW | $3.15 | $26,425 | $44,196 | 9.4 years |
| 14 kW | $3.08 | $30,200 | $52,192 | 9.2 years |
| 16 kW | $3.02 | $33,795 | $60,367 | 9.0 years |
| 18 kW | $2.95 | $37,210 | $68,721 | 8.8 years |
| 20 kW | $2.89 | $40,446 | $77,256 | 8.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which kind 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 peruse their list of offerings before making your decision.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Chipley, FL Solar Cost FAQs
How much does it cost to install solar panels in Chipley?
This is a hard question to answer precisely, because the cost depends on a few different 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Chipley?
You can’t get solar panels for free in Chipley. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,177.02 per year.
How long do solar panels last in Chipley?
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 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.