Solar Panel Cost Guide in Deerfield Beach, FL (2023 Update)
- Deerfield Beach Solar Installation Cost: $9,524
- 25-Year Savings: $19,635
- Payback Period: 8.2 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 Deerfield Beach
We break down average solar pricing in Deerfield Beach.
In Deerfield Beach, solar panels cost about 2.53 per watt on average. Because a 5.4-kW system is needed to cover the energy costs of a typical home in Deerfield Beach, the average price of going solar will be about $9,528 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Despite the significant upfront cost, the average Deerfield Beach homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar company in Deerfield Beach that can help you get a more accurate cost estimate for your home.
Solar savings over time in Deerfield Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-9,427 |
| 3 years | $-9,232 |
| 5 years | $-9,038 |
| 7 years | $-8,844 |
| 9 years | $-8,649 |
| 11 years | $-8,455 |
| 13 years | $-8,260 |
| 15 years | $-8,066 |
| 17 years | $-7,872 |
| 19 years | $-7,677 |
| 21 years | $-7,483 |
| 23 years | $-7,288 |
| 25 years | $-7,094 |
Top Solar Installers in Deerfield Beach
Installing solar panels yourself can be a stressful project, which is why getting a solar installation company is a good option for many homeowners. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're on the hunt for a solar company in Deerfield Beach, the EcoWatch team has put together a list of our top suggestions here:
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 Deerfield Beach
Factors that Affect Solar Panel Costs in Deerfield Beach
While the average cost of a solar system in Deerfield Beach is $9,528, your final cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Deerfield Beach, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $2,530 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 opt for 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, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Deerfield Beach average.
Solar Financing Terms
Most solar companies in Deerfield Beach offer solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you select will impact your total cost to go solar. Different companies will charge 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 cost more. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also fit into 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 | $21,481 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,925 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,510 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,237 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,106 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,117 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,269 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,562 | 7.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the completion timeline.
- Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you're concerned about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Deerfield Beach, FL Solar Cost FAQs
How much does it cost to install solar panels in Deerfield Beach?
This is a difficult question to answer precisely, 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 cost more if you want additional solar equipment or higher quality 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.
Are solar panels free in Deerfield Beach?
Solar panels aren't free in Deerfield Beach, 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 further reduce the cost.
Is it worth going solar in Deerfield Beach?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.