Solar Panel Cost Guide in Indian Harbour Beach, FL (2024 Update)

  • Indian Harbour Beach Solar Installation Cost: $11,321
  • 25-Year Savings: $20,236
  • Payback Period: 9.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Indian Harbour Beach

Find out what the average cost of a solar system is in Indian Harbour Beach.

While the national average of solar panels is $2.66 per watt, solar panels in Indian Harbour Beach typically cost about 3.The average Indian Harbour Beach homeowner needs a 5.0-kilowatt system, which would cost about $11,321 with the federal tax credit, or $16,189 before the 0 tax credit is applied.

Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar system you choose, your solar contractor and more.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 electricity bills.

Click the button below to get connected to a top solar company in your area for a custom quote.

Solar savings over time in Indian Harbour Beach

Year Return on Investment
1 years $-9,948
3 years $-7,200
5 years $-4,453
7 years $-1,706
9 years $1,041
11 years $3,789
13 years $6,536
15 years $9,283
17 years $12,030
19 years $14,778
21 years $17,525
23 years $20,272
25 years $23,019

Top Solar Installers in Indian Harbour Beach

When going solar, many homeowners choose to hire a solar company since putting up solar panels yourself can be a challenging project. In addition, if you’d like to maximize your investment in solar power, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.

If you're looking for a solar installer in Indian Harbour Beach, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Indian Harbour Beach

Factors that Affect Solar Panel Costs in Indian Harbour Beach

There are a number of factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Indian Harbour Beach, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.Although solar loans make going solar more accessible for Indian Harbour Beach homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The final major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Indian Harbour Beach, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.

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 $20,702 10.1 years
8 kW $3.27 $18,336 $27,963 9.9 years
10 kW $3.21 $22,470 $35,403 9.7 years
12 kW $3.15 $26,425 $43,023 9.5 years
14 kW $3.08 $30,200 $50,822 9.3 years
16 kW $3.02 $33,795 $58,802 9.1 years
18 kW $2.95 $37,210 $66,961 8.9 years
20 kW $2.89 $40,446 $75,300 8.7 years

How to Save on Solar Panels

The solar company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:

  • Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should go with, since different companies have access to different panels.
  • Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Indian Harbour Beach, FL Solar Cost FAQs

What is the average cost of installing solar panels in Indian Harbour Beach?

The average cost of solar panels in Indian Harbour 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Indian Harbour Beach?

You can’t get solar panels for free in Indian Harbour Beach. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.

Can solar panels eliminate my energy bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Indian Harbour Beach, 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.

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 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.

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