Solar Panel Cost Guide in Hunters Creek, FL (2023 Update)
- Hunters Creek Solar Installation Cost: $9,687
- 25-Year Savings: $22,560
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hunters Creek
Find out what the average cost of installing solar panels is in Hunters Creek.
The average cost of a solar panel system in Hunters Creek is 2.53 per watt. Using this figure, a typical 5.5-kW system would cost about $9,687 before the 30% federal solar tax credit is applied.
The true price you pay can be above or below the average in Hunters Creek based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. Even with the high upfront cost, the average Hunters Creek homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a vetted solar company in Hunters Creek that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hunters Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-8,397 |
| 3 years | $-5,818 |
| 5 years | $-3,238 |
| 7 years | $-658 |
| 9 years | $1,922 |
| 11 years | $4,501 |
| 13 years | $7,081 |
| 15 years | $9,661 |
| 17 years | $12,241 |
| 19 years | $14,821 |
| 21 years | $17,400 |
| 23 years | $19,980 |
| 25 years | $22,560 |
Top Solar Installers in Hunters Creek
When going solar, many homeowners prefer to use a solar installer since installing a solar system yourself can be a challenging project. The expertise that solar companies provide can be invaluable as well, particularly if you don't quite know what brand of solar equipment you need.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Hunters Creek
Factors that Affect Solar Panel Costs in Hunters Creek
Even though the average cost of a solar system in Hunters Creek is $9,687, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,530. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Hunters Creek, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Hunters Creek homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your all-in costs, so it's important to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Hunters Creek, and each can charge varying amounts for labor and equipment. Additionally, some companies in Hunters Creek have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $2.63 | $11,051 | $24,292 | 7.8 years |
| 8 kW | $2.58 | $14,451 | $32,673 | 7.7 years |
| 10 kW | $2.53 | $17,710 | $41,195 | 7.5 years |
| 12 kW | $2.48 | $20,827 | $49,859 | 7.4 years |
| 14 kW | $2.43 | $23,802 | $58,665 | 7.2 years |
| 16 kW | $2.38 | $26,636 | $67,612 | 7.1 years |
| 18 kW | $2.33 | $29,328 | $76,701 | 6.9 years |
| 20 kW | $2.28 | $31,878 | $85,932 | 6.8 years |
How to Save on Solar Panels
The company that does your solar panel 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 difficult, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you need to get plays a role in which company you should go with, since different companies provide different panels.
- Contract: Before you sign a contract with a solar company, 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 if there are any guarantees about energy production.
- Warranty: If you care about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
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 Hunters Creek, FL Solar Cost FAQs
What is the average cost of installing solar panels in Hunters Creek?
This is a tough question to answer exactly, 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Hunters Creek?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Hunters Creek have a net metering program?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels 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 usually produce about 250 to 400 watt-hours per hour, the average household 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.