Solar Panel Cost Guide in Lauderdale Lakes, FL (2024 Update)
- Lauderdale Lakes Solar Installation Cost: $12,084
- 25-Year Savings: $19,635
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Lauderdale Lakes
Find out what the average cost of a solar system is in Lauderdale Lakes.
The average cost of a solar system in Lauderdale Lakes is 3 per watt.The average Lauderdale Lakes homeowner needs a 5.4-kilowatt system, which would cost about $12,084 with the federal tax credit, or $17,280 before the 0 tax credit is applied.
Remember 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 solar panels you want, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $21,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a custom estimate.
Solar savings over time in Lauderdale Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-10,710 |
| 3 years | $-7,963 |
| 5 years | $-5,216 |
| 7 years | $-2,469 |
| 9 years | $279 |
| 11 years | $3,026 |
| 13 years | $5,773 |
| 15 years | $8,520 |
| 17 years | $11,268 |
| 19 years | $14,015 |
| 21 years | $16,762 |
| 23 years | $19,509 |
| 25 years | $22,257 |
Top Solar Installers in Lauderdale Lakes
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar company can make your swap to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're looking for a solar company in Lauderdale Lakes, the EcoWatch team has compiled a list of our top suggestions here:
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 Lauderdale Lakes
Factors that Affect Solar Panel Costs in Lauderdale Lakes
There are many factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,210 per kilowatt in Lauderdale Lakes.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Lauderdale Lakes provide solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also increases your overall costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Lauderdale Lakes is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you’ll have no shortage of solar installers that provide a range of services at different price points.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 at a higher cost. It’s best to do some research and find a company that provides the products, warranties and services you’re looking for 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 | $3.34 | $14,021 | $18,511 | 10.8 years |
| 8 kW | $3.27 | $18,336 | $25,041 | 10.6 years |
| 10 kW | $3.21 | $22,470 | $31,750 | 10.4 years |
| 12 kW | $3.15 | $26,425 | $38,640 | 10.2 years |
| 14 kW | $3.08 | $30,200 | $45,709 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $52,957 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,386 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $67,994 | 9.3 years |
How to Save on Solar Panels
There are a lot of companies available in Lauderdale Lakes, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you’d like to install plays a part in which company you should opt for, since different companies provide different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: One of the most important things to understand when adopting solar energy 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.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
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 Lauderdale Lakes, FL Solar Cost FAQs
How much does it cost to install solar panels in Lauderdale Lakes?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Lauderdale Lakes?
You can’t get solar panels for free in Lauderdale Lakes. However, you may still be able to afford 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 usually produce about 250 to 400 watt-hours per hour, the average household 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.