Solar Panel Cost Guide in Lake Clarke Shores, FL (2024 Update)
- Lake Clarke Shores Solar Installation Cost: $12,093
- 25-Year Savings: $17,602
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Lake Clarke Shores
Find out what the average cost of solar panel installation is in Lake Clarke Shores.
In Lake Clarke Shores, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in Lake Clarke Shores, most homeowners require a 5.4-kilowatt system. Using the figure above, a solar installation costs about $12,093, or $17,293 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Lake Clarke Shores depending on a few factors, such as the brand of solar panels you choose and the solar company you hire.Despite the high initial cost, the average Lake Clarke Shores homeowner can save about $19,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Lake Clarke Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-10,719 |
| 3 years | $-7,972 |
| 5 years | $-5,224 |
| 7 years | $-2,477 |
| 9 years | $270 |
| 11 years | $3,017 |
| 13 years | $5,765 |
| 15 years | $8,512 |
| 17 years | $11,259 |
| 19 years | $14,006 |
| 21 years | $16,753 |
| 23 years | $19,501 |
| 25 years | $22,248 |
Top Solar Installers in Lake Clarke Shores
When going solar, many homeowners prefer to hire a solar company since putting up a solar system yourself can be a difficult project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for you.
If you’d like to go solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers near you:
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 Lake Clarke Shores
Factors that Affect Solar Panel Costs in Lake Clarke Shores
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Lake Clarke Shores: 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 cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,210.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Lake Clarke Shores average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Lake Clarke Shores homeowners choose to finance their solar panel systems to offset upfront costs.Even though solar loans make going solar more accessible for Lake Clarke Shores homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you select will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $16,229 | 11.6 years |
| 8 kW | $3.27 | $18,336 | $21,999 | 11.4 years |
| 10 kW | $3.21 | $22,470 | $27,948 | 11.1 years |
| 12 kW | $3.15 | $26,425 | $34,077 | 10.9 years |
| 14 kW | $3.08 | $30,200 | $40,385 | 10.7 years |
| 16 kW | $3.02 | $33,795 | $46,874 | 10.5 years |
| 18 kW | $2.95 | $37,210 | $53,542 | 10.3 years |
| 20 kW | $2.89 | $40,446 | $60,390 | 10.0 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- 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 need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Warranty: If you’re concerned about the durability of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Lake Clarke Shores, FL Solar Cost FAQs
What is the average cost of installing solar panels in Lake Clarke Shores?
The average cost of solar panels in Lake Clarke Shores 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 like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Lake Clarke Shores have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs 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 house 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.