Solar Panel Cost Guide in Doral, FL (2024 Update)
- Doral Solar Installation Cost: $12,050
- 25-Year Savings: $19,661
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Doral
Find out what the average cost of installing solar panels is in Doral.
The national average cost of solar panels is $2.66 per watt, but in Doral it’s 3 per watt.The average Doral homeowner needs a 5.4-kilowatt system, which would cost about $12,050 with the federal tax credit, or $17,232 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you will vary based on the amount of energy your home requires and what company you choose to go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $21,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar installer in Doral for a customized estimate.
Solar savings over time in Doral
| Year | Return on Investment |
|---|---|
| 1 years | $-10,677 |
| 3 years | $-7,929 |
| 5 years | $-5,182 |
| 7 years | $-2,435 |
| 9 years | $312 |
| 11 years | $3,060 |
| 13 years | $5,807 |
| 15 years | $8,554 |
| 17 years | $11,301 |
| 19 years | $14,049 |
| 21 years | $16,796 |
| 23 years | $19,543 |
| 25 years | $22,290 |
Top Solar Installers in Doral
Although you can install solar panels on your own, it requires extra labor and expertise. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're on the hunt for a solar company in Doral, the EcoWatch team has put together a list of our top suggestions here:
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 Doral
Factors that Affect Solar Panel Costs in Doral
Although the average cost of a solar system in Doral is $12,050, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,210. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Doral have solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Doral, and each can charge varying amounts for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — 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 choose a company that provides the products, warranties and services you’re looking for and also fits 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 | $3.34 | $14,021 | $18,602 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,162 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $31,902 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $38,821 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $45,921 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,200 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,659 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $68,298 | 9.3 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- 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 completed and what the project timeline is.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
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 Doral, FL Solar Cost FAQs
What is the average cost of installing solar panels in Doral?
This is a difficult 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 higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Doral?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase your home value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go 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."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 cover 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.