Solar Panel Cost Guide in Indian Harbour Beach, FL (2023 Update)
- Indian Harbour Beach Solar Installation Cost: $8,926
- 25-Year Savings: $20,233
- Payback Period: 7.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Indian Harbour Beach
We go over average solar pricing in Indian Harbour Beach.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Indian Harbour Beach, the typical cost of solar panels is 2.53 per watt. The average solar panel system size in Indian Harbour Beach is around 5.0 kilowatts, meaning a cost of about $8,926 for a solar installation, or $12,764 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Indian Harbour 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 savings for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on energy bills.
To receive a free quote from a vetted solar company in Indian Harbour Beach, you can click the button below.
Solar savings over time in Indian Harbour Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-7,759 |
| 3 years | $-5,427 |
| 5 years | $-3,094 |
| 7 years | $-761 |
| 9 years | $1,571 |
| 11 years | $3,904 |
| 13 years | $6,237 |
| 15 years | $8,569 |
| 17 years | $10,902 |
| 19 years | $13,235 |
| 21 years | $15,568 |
| 23 years | $17,900 |
| 25 years | $20,233 |
Top Solar Installers in Indian Harbour Beach
Many homeowners opt for a solar installer since trying to install solar panels on your own can be time-consuming. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you'd like to start using solar energy but still aren't certain which solar panel company to go with, here are our suggestions for providers in Indian Harbour Beach:
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 Indian Harbour Beach
Factors that Affect Solar Panel Costs in Indian Harbour Beach
There are a number of criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar system you need for your home, 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 about $2,530. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Indian Harbour Beach homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your overall costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Companies that 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 come with an above-average cost. It's best to do some research and decide on the 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 | $23,673 | 8.0 years |
| 8 kW | $2.58 | $14,451 | $31,847 | 7.8 years |
| 10 kW | $2.53 | $17,710 | $40,163 | 7.7 years |
| 12 kW | $2.48 | $20,827 | $48,620 | 7.5 years |
| 14 kW | $2.43 | $23,802 | $57,220 | 7.3 years |
| 16 kW | $2.38 | $26,636 | $65,961 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $74,843 | 7.0 years |
| 20 kW | $2.28 | $31,878 | $83,868 | 6.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
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 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 $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate 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 check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.