Solar Panel Cost Guide in Lely, FL (2023 Update)
- Lely Solar Installation Cost: $9,383
- 25-Year Savings: $19,377
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lely
Find out what the average cost of solar panel installation is in Lely.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lely, the typical cost of a solar system is 2.53 per watt. The average solar panel system size in Lely is around 5.3 kilowatts, meaning a cost of about $9,386 for a solar installation, or $13,422 before the 30% federal solar tax credit is applied.
How much you pay can go above or below the average in Lely based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. With typical savings of about $21,000 on power bills over 20 years, many homeowners in Lely find going solar can pay off big.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lely
| Year | Return on Investment |
|---|---|
| 1 years | $-9,287 |
| 3 years | $-9,095 |
| 5 years | $-8,904 |
| 7 years | $-8,712 |
| 9 years | $-8,520 |
| 11 years | $-8,328 |
| 13 years | $-8,137 |
| 15 years | $-7,945 |
| 17 years | $-7,753 |
| 19 years | $-7,561 |
| 21 years | $-7,370 |
| 23 years | $-7,178 |
| 25 years | $-6,986 |
Top Solar Installers in Lely
Many homeowners choose to hire a solar installer since installing solar panels by yourself can be challenging. A solar company can also help save you money over time by providing warranties, repairs and component replacements.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Lely
Factors that Affect Solar Panel Costs in Lely
For many Lely homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Lely, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,530 per kilowatt in Lely. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Lely provide solar loans, which reduce your upfront costs of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Lely is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services at different costs. Companies that only sell high-quality, high-efficiency and high-price products — 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 choose a company that provides the products, warranties and services you want and also fits 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 | $2.63 | $11,051 | $21,519 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,975 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,574 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,313 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,195 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,218 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,383 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,689 | 7.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
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 Lely, FL Solar Cost FAQs
How much does it cost to install solar panels in Lely?
The average cost of solar panels in Lely 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Lely?
A solar panel system isn't free in Lely, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,085.67 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.