Solar Panel Cost Guide in Holly Hill, FL (2023 Update)
- Holly Hill Solar Installation Cost: $9,693
- 25-Year Savings: $19,466
- Payback Period: 8.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Holly Hill
Find out what the average cost of a solar system is in Holly Hill.
While the national average of solar panels is $2.66 per watt, solar panels in Holly Hill generally cost about 2.53. The average solar panel system size in Holly Hill is around 5.5 kilowatts, meaning a cost of about $9,687 for a solar installation, or $13,852 before the 30% federal solar tax credit is applied.
The true price you pay can be higher or lower than the average in Holly Hill depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $20,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Holly Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-8,319 |
| 3 years | $-5,572 |
| 5 years | $-2,825 |
| 7 years | $-77 |
| 9 years | $2,670 |
| 11 years | $5,417 |
| 13 years | $8,164 |
| 15 years | $10,912 |
| 17 years | $13,659 |
| 19 years | $16,406 |
| 21 years | $19,153 |
| 23 years | $21,901 |
| 25 years | $24,648 |
Top Solar Installers in Holly Hill
When switching to solar energy, many homeowners decide to go with a solar installer since putting up a solar system yourself can be a difficult project. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our recommendations for providers nearby:
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 Holly Hill
Factors that Affect Solar Panel Costs in Holly Hill
For many Holly Hill homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Holly Hill, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Holly Hill, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Holly Hill is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services for different budgets. Some companies only sell products with high efficiency and therefore a higher price point — 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 has the products, warranties and services you want and also is 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 | $2.63 | $11,051 | $20,915 | 8.6 years |
| 8 kW | $2.58 | $14,451 | $28,170 | 8.5 years |
| 10 kW | $2.53 | $17,710 | $35,567 | 8.3 years |
| 12 kW | $2.48 | $20,827 | $43,105 | 8.1 years |
| 14 kW | $2.43 | $23,802 | $50,785 | 8.0 years |
| 16 kW | $2.38 | $26,636 | $58,607 | 7.8 years |
| 18 kW | $2.33 | $29,328 | $66,570 | 7.6 years |
| 20 kW | $2.28 | $31,878 | $74,675 | 7.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Warranty: If you're concerned about the endurance of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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 Holly Hill, FL Solar Cost FAQs
How much does it cost to install solar panels in Holly Hill?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 cost more if you want extra solar equipment or higher quality 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 cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Holly Hill, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 get 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.