Solar Panel Cost Guide in Immokalee, FL (2023 Update)
- Immokalee Solar Installation Cost: $9,386
- 25-Year Savings: $21,271
- Payback Period: 7.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Immokalee
Let's take a look at the average cost of solar panels in Immokalee.
The average cost of a solar panel system in Immokalee is 2.53 per watt. The average solar panel system size in Immokalee is around 5.3 kilowatts, meaning a cost of about $9,386 for a solar installation, or $13,422 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what company you go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on utility bills.
Click the button below to get connected to a top solar company in Immokalee for a customized estimate.
Solar savings over time in Immokalee
| Year | Return on Investment |
|---|---|
| 1 years | $-8,160 |
| 3 years | $-5,707 |
| 5 years | $-3,255 |
| 7 years | $-802 |
| 9 years | $1,650 |
| 11 years | $4,103 |
| 13 years | $6,556 |
| 15 years | $9,008 |
| 17 years | $11,461 |
| 19 years | $13,913 |
| 21 years | $16,366 |
| 23 years | $18,819 |
| 25 years | $21,271 |
Top Solar Installers in Immokalee
When making the switch to solar, many homeowners opt to use a solar installer since overseeing your solar installation yourself can be a time-consuming project. Companies can also have access to a large variety of the best solar panels and help you choose which one will be best for your home.
Working with a licensed solar installer can make going solar easier. 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 Immokalee
Factors that Affect Solar Panel Costs in Immokalee
There are a number of criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The kind of solar equipment you choose can bring your price up or down 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. However, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Immokalee average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make going solar more accessible for Immokalee homeowners, they can also increase 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 installation company you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Immokalee know more about local solar incentives and can help you learn about 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 | $2.63 | $11,051 | $23,668 | 8.0 years |
| 8 kW | $2.58 | $14,451 | $31,841 | 7.8 years |
| 10 kW | $2.53 | $17,710 | $40,155 | 7.7 years |
| 12 kW | $2.48 | $20,827 | $48,611 | 7.5 years |
| 14 kW | $2.43 | $23,802 | $57,209 | 7.3 years |
| 16 kW | $2.38 | $26,636 | $65,948 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $74,830 | 7.0 years |
| 20 kW | $2.28 | $31,878 | $83,852 | 6.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, 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:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
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 Immokalee, FL Solar Cost FAQs
How much does it cost to install solar panels in Immokalee?
The average cost of solar panels in Immokalee is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Immokalee?
Leasing solar panels can be an appealing choice, as it often 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 option if you want to get the most savings.
Is it worth going solar in Immokalee?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably 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 how much 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 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.