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
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Average Cost of Solar Panels in Hobe Sound
We break down average solar pricing in Hobe Sound.
In Hobe Sound, solar panels cost about 3 per watt on average.The average solar panel system size in Hobe Sound is around 5.4 kilowatts, meaning a cost of about $12,054 for a solar installation, or $17,237 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Hobe Sound depending on several factors, such as the brand 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 usually rewarding, with a net average savings of about $21,000 over 20 years on power bills.
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 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 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 differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use 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 $3,210.The type of solar equipment you choose can increase or decrease your cost 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, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Hobe Sound average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Hobe Sound, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.While solar loans make adopting solar energy more accessible for Hobe Sound homeowners, they can also add to the total you pay for your system due to interest. If you put down 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 go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Hobe Sound, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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
There are numerous companies to choose from in Hobe Sound, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the completion timeline.
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 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 actual cost will depend on stuff like the model 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 install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.