Solar Panel Cost Guide in Labelle, FL (2023 Update)
- Labelle Solar Installation Cost: $9,670
- 25-Year Savings: $22,253
- Payback Period: 7.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Labelle
Let's have a look at the average cost of solar panels in Labelle.
Although the national average of solar panels is $2.66 per watt, solar panels in Labelle generally cost around 2.53. Using this figure, a typical 5.5-kW system would cost about $9,670 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. Many homeowners find going solar is a rewarding investment. The average homeowner in Labelle can save about $22,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Labelle
| Year | Return on Investment |
|---|---|
| 1 years | $-8,393 |
| 3 years | $-5,839 |
| 5 years | $-3,285 |
| 7 years | $-731 |
| 9 years | $1,822 |
| 11 years | $4,376 |
| 13 years | $6,930 |
| 15 years | $9,484 |
| 17 years | $12,038 |
| 19 years | $14,591 |
| 21 years | $17,145 |
| 23 years | $19,699 |
| 25 years | $22,253 |
Top Solar Installers in Labelle
When going solar, many homeowners prefer to hire a solar installer since installing a solar system yourself can be a time-consuming project. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
Working with a licensed solar installer can help your solar project go smoothly. 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 Labelle
Factors that Affect Solar Panel Costs in Labelle
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Labelle: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,530. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Labelle, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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 energy bills over many years, but they can also be a significant investment. That's why many Labelle homeowners decide to finance their solar panel systems to offset upfront costs. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Labelle, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $24,038 | 7.9 years |
| 8 kW | $2.58 | $14,451 | $32,334 | 7.7 years |
| 10 kW | $2.53 | $17,710 | $40,772 | 7.6 years |
| 12 kW | $2.48 | $20,827 | $49,352 | 7.4 years |
| 14 kW | $2.43 | $23,802 | $58,073 | 7.3 years |
| 16 kW | $2.38 | $26,636 | $66,936 | 7.1 years |
| 18 kW | $2.33 | $29,328 | $75,940 | 7.0 years |
| 20 kW | $2.28 | $31,878 | $85,086 | 6.8 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: If you care about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Labelle, FL Solar Cost FAQs
How much does it cost to install solar panels in Labelle?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from 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 trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty 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 usage and the average daily 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.