Solar Panel Cost Guide in Cutler Bay, FL (2023 Update)
- Cutler Bay Solar Installation Cost: $9,438
- 25-Year Savings: $19,594
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Cutler Bay
See how much it might cost to go solar in Cutler Bay.
In Cutler Bay, solar panels cost about 2.53 per watt on average. Using this figure, a typical 5.3-kW system would cost about $9,439 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 panel system could cost. The actual cost of making the switch to solar can vary depending on multiple factors, such as what size system you need, your energy usage and what company you go with. With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Cutler Bay find installing solar panels has a decent ROI.
To get a free quote from a pre-vetted solar installation company in Cutler Bay, you can click the button below.
Solar savings over time in Cutler Bay
| Year | Return on Investment |
|---|---|
| 1 years | $-9,342 |
| 3 years | $-9,148 |
| 5 years | $-8,955 |
| 7 years | $-8,761 |
| 9 years | $-8,567 |
| 11 years | $-8,374 |
| 13 years | $-8,180 |
| 15 years | $-7,987 |
| 17 years | $-7,793 |
| 19 years | $-7,600 |
| 21 years | $-7,406 |
| 23 years | $-7,212 |
| 25 years | $-7,019 |
Top Solar Installers in Cutler Bay
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your switch to solar power much easier. Another benefit of going with a solar installer is that they can help you optimize your ROI by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a licensed solar installer can help you make the most of your investment in solar. 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 Cutler Bay
Factors that Affect Solar Panel Costs in Cutler Bay
The cost of installing a solar system in Cutler Bay can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Cutler Bay provide solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your total costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Cutler Bay is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Cutler Bay are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $21,634 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $29,129 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,766 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,544 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,464 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,525 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $68,729 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $77,074 | 7.3 years |
How to Save on Solar Panels
There are many companies to choose from in Cutler Bay, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you're worried about the durability of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which installer you should choose, since different companies have access to different panels.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
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 Cutler Bay, FL Solar Cost FAQs
What is the average cost of installing solar panels in Cutler Bay?
This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Cutler Bay?
You can't get solar panels for free in Cutler Bay. However, you may still be able to get 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 you sell solar power back to the grid in Cutler Bay?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.