Solar Panel Cost Guide in Freeport, FL (2024 Update)
- Freeport Solar Installation Cost: $13,060
- 25-Year Savings: $23,120
- Payback Period: 9.8 Years
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Average Cost of Solar Panels in Freeport
We break down average solar pricing in Freeport.
The national average cost of solar panels is $2.66 per watt, but in Freeport it’s 3 per watt.To account for the typical energy needs of the average home in Freeport, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,060, or $18,676 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Freeport depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $22,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Freeport that can help you get a more accurate cost estimate for your home.
Solar savings over time in Freeport
| Year | Return on Investment |
|---|---|
| 1 years | $-11,301 |
| 3 years | $-7,783 |
| 5 years | $-4,264 |
| 7 years | $-745 |
| 9 years | $2,773 |
| 11 years | $6,292 |
| 13 years | $9,810 |
| 15 years | $13,329 |
| 17 years | $16,847 |
| 19 years | $20,366 |
| 21 years | $23,884 |
| 23 years | $27,403 |
| 25 years | $30,921 |
Top Solar Installers in Freeport
Trying to install solar panels on your own can be a difficult project, which is why using a solar installer is a good option for many homeowners. Another perk of going with a solar company is that they can help you maximize your investment by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a vetted solar installer can make going solar easier. 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
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 Freeport
Factors that Affect Solar Panel Costs in Freeport
Though the average cost of a solar system in Freeport is $13,060, your actual 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 residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,210 per kilowatt in Freeport.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable route 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 overall costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect the cost. Freeport’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Freeport know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $3.34 | $14,021 | $20,471 | 10.2 years |
| 8 kW | $3.27 | $18,336 | $27,655 | 10.0 years |
| 10 kW | $3.21 | $22,470 | $35,018 | 9.8 years |
| 12 kW | $3.15 | $26,425 | $42,561 | 9.6 years |
| 14 kW | $3.08 | $30,200 | $50,283 | 9.4 years |
| 16 kW | $3.02 | $33,795 | $58,186 | 9.2 years |
| 18 kW | $2.95 | $37,210 | $66,268 | 9.0 years |
| 20 kW | $2.89 | $40,446 | $74,530 | 8.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you’d like to install plays a role in which company you should opt for, since different companies have different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Warranty: Many companies offer different kinds of warranties that cover different things. 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 Freeport, FL Solar Cost FAQs
What is the average cost of installing solar panels in Freeport?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally 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 extra solar equipment or higher quality 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 less efficient solar panels.
Are solar panels free in Freeport?
You can’t get solar panels for free in Freeport. 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 want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Freeport?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can 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.