Solar Panel Cost Guide in Lantana, FL (2023 Update)
- Lantana Solar Installation Cost: $9,531
- 25-Year Savings: $17,602
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lantana
Let's have a look at the average cost of solar in Lantana.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lantana, the average cost of solar panels is 2.53 per watt. The average solar panel system size in Lantana is around 5.4 kilowatts, meaning a cost of about $9,528 for a solar installation, or $13,625 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may look different based on factors unique to your home and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Lantana can save around $19,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar company in Lantana, you can click the button below.
Solar savings over time in Lantana
| Year | Return on Investment |
|---|---|
| 1 years | $-8,157 |
| 3 years | $-5,410 |
| 5 years | $-2,663 |
| 7 years | $84 |
| 9 years | $2,832 |
| 11 years | $5,579 |
| 13 years | $8,326 |
| 15 years | $11,073 |
| 17 years | $13,821 |
| 19 years | $16,568 |
| 21 years | $19,315 |
| 23 years | $22,062 |
| 25 years | $24,810 |
Top Solar Installers in Lantana
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be time-consuming. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers in Lantana:
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 Lantana
Factors that Affect Solar Panel Costs in Lantana
Though the average cost of a solar system in Lantana is $9,528, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,530. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Lantana, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they lower your upfront costs and let you pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Lantana, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $19,200 | 9.1 years |
| 8 kW | $2.58 | $14,451 | $25,883 | 9.0 years |
| 10 kW | $2.53 | $17,710 | $32,708 | 8.8 years |
| 12 kW | $2.48 | $20,827 | $39,675 | 8.6 years |
| 14 kW | $2.43 | $23,802 | $46,783 | 8.4 years |
| 16 kW | $2.38 | $26,636 | $54,033 | 8.3 years |
| 18 kW | $2.33 | $29,328 | $61,424 | 8.1 years |
| 20 kW | $2.28 | $31,878 | $68,958 | 7.9 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: When making the switch to solar power, it's necessary to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Lantana, FL Solar Cost FAQs
How much does it cost to install solar panels in Lantana?
The average cost of solar panels in Lantana is about $12,650 for a 5-kW system and $25,300 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.
Are solar panels free in Lantana?
You can't get solar panels for free in Lantana. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my home value?
Solar panels can increase the value of your home remarkably 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% with a solar installation."
How long do solar panels last in Lantana?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.