Solar Panel Cost Guide in Holmes Beach, FL (2024 Update)
- Holmes Beach Solar Installation Cost: $12,301
- 25-Year Savings: $19,464
- Payback Period: 10.5 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Holmes Beach
Find out how much it might cost to install solar panels in Holmes Beach.
The average cost of a solar system in Holmes Beach is 3 per watt.The average solar panel system size in Holmes Beach is around 5.5 kilowatts, meaning a cost of about $12,301 for a solar installation, or $17,590 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Holmes Beach homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $20,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar company in Holmes Beach that can help you get a more accurate cost estimate for your home.
Solar savings over time in Holmes Beach
Year | Return on Investment |
---|---|
1 years | $-10,927 |
3 years | $-8,180 |
5 years | $-5,432 |
7 years | $-2,685 |
9 years | $62 |
11 years | $2,809 |
13 years | $5,556 |
15 years | $8,304 |
17 years | $11,051 |
19 years | $13,798 |
21 years | $16,545 |
23 years | $19,293 |
25 years | $22,040 |
Top Solar Installers in Holmes Beach
Many homeowners choose to hire a solar installation company since trying to put up solar panels on your own can be a labor-intensive endeavor. Also, companies with a high reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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 Holmes Beach
Factors that Affect Solar Panel Costs in Holmes Beach
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of a solar panel system in Holmes Beach, one of the most crucial 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 gauge by looking at past power bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Holmes Beach, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Holmes Beach to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.Though solar loans make adopting solar energy more accessible for Holmes Beach 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 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 installer you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Holmes Beach, and each can charge varying amounts for labor and equipment.Additionally, some companies in Holmes Beach know more about local solar incentives and can help you take advantage of 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 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 | $17,938 | 11.0 years |
8 kW | $3.27 | $18,336 | $24,277 | 10.8 years |
10 kW | $3.21 | $22,470 | $30,795 | 10.5 years |
12 kW | $3.15 | $26,425 | $37,493 | 10.3 years |
14 kW | $3.08 | $30,200 | $44,371 | 10.1 years |
16 kW | $3.02 | $33,795 | $51,429 | 9.9 years |
18 kW | $2.95 | $37,210 | $58,667 | 9.7 years |
20 kW | $2.89 | $40,446 | $66,084 | 9.5 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. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
Best National Provider
SunPower
- 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
- 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 Holmes Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in Holmes Beach?
The average cost of solar panels in Holmes Beach 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 like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Holmes Beach?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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 home 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.