Solar Panel Cost Guide in Golden Glades, FL (2023 Update)
- Golden Glades Solar Installation Cost: $9,512
- 25-Year Savings: $19,647
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Golden Glades
Let's have a look at the average cost of solar panels in Golden Glades.
The average cost of solar panels in Golden Glades is 2.53 per watt. The average solar panel system size in Golden Glades is around 5.4 kilowatts, meaning a cost of about $9,510 for a solar installation, or $13,599 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Golden Glades homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Golden Glades
| Year | Return on Investment |
|---|---|
| 1 years | $-9,414 |
| 3 years | $-9,220 |
| 5 years | $-9,026 |
| 7 years | $-8,831 |
| 9 years | $-8,637 |
| 11 years | $-8,442 |
| 13 years | $-8,248 |
| 15 years | $-8,054 |
| 17 years | $-7,859 |
| 19 years | $-7,665 |
| 21 years | $-7,470 |
| 23 years | $-7,276 |
| 25 years | $-7,082 |
Top Solar Installers in Golden Glades
Installing solar panels by yourself can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. The payback period on an investment in solar panels will vary depending on factors like your location and energy use, but going with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Golden Glades
Factors that Affect Solar Panel Costs in Golden Glades
The cost of installing a solar system in Golden Glades can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,530. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Golden Glades to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. Although solar loans make switching to solar energy more accessible for Golden Glades homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you pick will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Companies that only sell high-efficiency and high-priced 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 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 | $21,524 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,981 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,581 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,322 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,205 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,230 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,396 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,704 | 7.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Golden Glades, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which company you should choose, since different companies provide different panels.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
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 Golden Glades, FL Solar Cost FAQs
How much does it cost to install solar panels in Golden Glades?
This is a difficult question to answer precisely, because the cost depends on a few different 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Golden Glades?
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 financial benefits from going solar.
Does Golden Glades have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Golden Glades?
Although 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 how much energy they produce will have decreased significantly after that point. You can replace them after having 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.