Solar Panel Cost Guide in Ives Estates, FL (2024 Update)
- Ives Estates Solar Installation Cost: $12,086
- 25-Year Savings: $19,633
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Ives Estates
Find out how much it might cost to make the switch to solar in Ives Estates.
While the national average of solar panels is $2.66 per watt, solar panels in Ives Estates typically cost around 3.The average solar panel system size in Ives Estates is around 5.4 kilowatts, meaning a cost of about $12,086 for a solar installation, or $17,283 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Ives Estates depending on several factors, such as the brand of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
To get a free quote from a pre-vetted solar company in Ives Estates, you can click the button below.
Solar savings over time in Ives Estates
| Year | Return on Investment |
|---|---|
| 1 years | $-10,712 |
| 3 years | $-7,965 |
| 5 years | $-5,218 |
| 7 years | $-2,471 |
| 9 years | $276 |
| 11 years | $3,024 |
| 13 years | $5,771 |
| 15 years | $8,518 |
| 17 years | $11,265 |
| 19 years | $14,013 |
| 21 years | $16,760 |
| 23 years | $19,507 |
| 25 years | $22,254 |
Top Solar Installers in Ives Estates
Installing solar panels on your own can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Another advantage of going with a solar company is that they can help you maximize your investment by cutting back on future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers in Ives Estates:
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 Ives Estates
Factors that Affect Solar Panel Costs in Ives Estates
For many Ives Estates homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Ives Estates, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better 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 of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Ives Estates have solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Ives Estates is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different costs.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $18,505 | 10.8 years |
| 8 kW | $3.27 | $18,336 | $25,033 | 10.6 years |
| 10 kW | $3.21 | $22,470 | $31,740 | 10.4 years |
| 12 kW | $3.15 | $26,425 | $38,627 | 10.2 years |
| 14 kW | $3.08 | $30,200 | $45,695 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $52,941 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,368 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $67,974 | 9.3 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall 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 take into account, such as:
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
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 Ives Estates, FL Solar Cost FAQs
How much does it cost to install solar panels in Ives Estates?
The average cost of solar panels in Ives Estates 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 things such as the model 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?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Ives Estates?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.