Solar Panel Cost Guide in Hobe Sound, FL (2024 Update)

  • Hobe Sound Solar Installation Cost: $12,054
  • 25-Year Savings: $19,658
  • Payback Period: 10.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Hobe Sound

We break down average solar pricing in Hobe Sound.

Although the national average of solar panels is $2.66 per watt, solar panels in Hobe Sound typically cost around 3.Using this figure, a typical 5.4-kW system would cost about $12,054 before the 0 federal solar tax credit is applied.

These figures are just estimates, and the cost of going solar for you will vary based on factors unique to your home and what company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Hobe Sound can save around $21,000 on their electricity bills over 20 years.

You can click the button below to get connected with a vetted solar company in Hobe Sound for a quote for your home.

Solar savings over time in Hobe Sound

Year Return on Investment
1 years $-10,680
3 years $-7,933
5 years $-5,186
7 years $-2,439
9 years $309
11 years $3,056
13 years $5,803
15 years $8,550
17 years $11,298
19 years $14,045
21 years $16,792
23 years $19,539
25 years $22,287

Top Solar Installers in Hobe Sound

Many homeowners decide to use a solar installation company since figuring out how to install solar panels yourself can be challenging. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Hobe Sound

Factors that Affect Solar Panel Costs in Hobe Sound

Although the average cost of a solar system in Hobe Sound is $12,054, your final cost may be above or below the average. There are many 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

When it comes to estimating the cost of a solar panel system in Hobe Sound, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,210 for each additional kilowatt you need.The model of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Hobe Sound to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.

Solar Panel Installation Company

The solar company you select will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Hobe Sound know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 $18,592 10.7 years
8 kW $3.27 $18,336 $25,149 10.5 years
10 kW $3.21 $22,470 $31,885 10.3 years
12 kW $3.15 $26,425 $38,802 10.1 years
14 kW $3.08 $30,200 $45,898 9.9 years
16 kW $3.02 $33,795 $53,173 9.7 years
18 kW $2.95 $37,210 $60,629 9.5 years
20 kW $2.89 $40,446 $68,264 9.3 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:

  • Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
  • Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: The brand of solar panel you’d like to install plays a part in which installer you should choose, since different companies offer different panels.
  • Installation Process: When going solar, it’s important to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Hobe Sound, FL Solar Cost FAQs

How much does it cost to install solar panels in Hobe Sound?

The average cost of solar panels in Hobe Sound is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Hobe Sound?

You can’t get solar panels for free in Hobe Sound. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.

Is it worth going solar in Hobe Sound?

Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.

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 the amount of 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 buy 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.

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