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.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Chipley, the typical cost of a solar system is 3 per watt.To account for the typical energy usage of the average home in Chipley, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,134, or $18,782 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Chipley homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a rewarding investment. The average homeowner in Chipley can save around $22,000 on their electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
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
Trying to install solar panels by yourself can be a challenging project, which is why using a solar installer is a good option for many homeowners. Also, if you’d like to maximize your investment in solar power, using a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some 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 Chipley
Factors that Affect Solar Panel Costs in Chipley
For many Chipley homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Chipley, 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
When it comes to estimating the price of a solar system in Chipley, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,210 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Chipley average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Chipley, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.When estimating 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 remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Chipley, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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
Since the brand of solar panels and the installation company you choose significantly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Chipley?
Solar panels aren’t free in Chipley, 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.
Can solar panels significantly reduce my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Chipley, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
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 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.