Solar Panel Cost Guide in Lighthouse Point, FL (2025 Update)
- Lighthouse Point Solar Installation Cost: $12,084
- 25-Year Savings: $19,635
- Payback Period: 10.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lighthouse Point
Find out what the average cost of a solar system is in Lighthouse Point.
The national average cost of solar panels is $2.66 per watt, but in Lighthouse Point it’s 3 per watt.To cover the typical energy needs of the average home in Lighthouse Point, most homeowners require a 5.4-kilowatt system. Using the figure above, a solar installation costs around $12,084, or $17,280 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and your own solar costs will most likely vary based on the amount of energy your home requires and what company you choose to go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on energy bills.
Click the button below to get connected to a top solar company in Lighthouse Point for a personalized estimate.
Solar savings over time in Lighthouse Point
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 Lighthouse Point
Many homeowners choose to use a solar installer since trying to put up solar panels on your own can be time-consuming. The payback period on a solar system will vary based on factors like your location and energy consumption, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Lighthouse Point
Factors that Affect Solar Panel Costs in Lighthouse Point
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Lighthouse Point: 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
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Lighthouse Point average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Lighthouse Point homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can influence how much it costs. Lighthouse Point’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Lighthouse Point, FL Solar Cost FAQs
How much does it cost to install solar panels in Lighthouse Point?
The average cost of solar panels in Lighthouse Point is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lighthouse Point?
Solar panels aren’t free in Lighthouse Point, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lighthouse Point is currently $770,550, which means you can expect a value of about $31,593 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lighthouse Point is a worthwhile investment.
What solar power system size is right for 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.