Solar Panel Cost Guide in Lower Grand Lagoon, FL (2024 Update)

  • Lower Grand Lagoon Solar Installation Cost: $12,844
  • 25-Year Savings: $25,715
  • Payback Period: 9.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lower Grand Lagoon

Find out what the average cost of installing solar panels is in Lower Grand Lagoon.

While the national average of solar panels is $2.66 per watt, solar panels in Lower Grand Lagoon typically cost around 3.The average solar panel system size in Lower Grand Lagoon is around 5.7 kilowatts, meaning a cost of about $12,844 for a solar installation, or $18,367 before the 0 federal solar tax credit is applied.

The true cost of your system can go higher or lower than the average in Lower Grand Lagoon depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Lower Grand Lagoon can save about $24,000 on their energy bills over 20 years.

Click the button below to get connected to a top solar installer in Lower Grand Lagoon for a custom quote.

Solar savings over time in Lower Grand Lagoon

Year Return on Investment
1 years $-11,085
3 years $-7,566
5 years $-4,048
7 years $-529
9 years $2,989
11 years $6,508
13 years $10,026
15 years $13,545
17 years $17,063
19 years $20,582
21 years $24,100
23 years $27,619
25 years $31,137

Top Solar Installers in Lower Grand Lagoon

When making the switch to solar, many homeowners decide to hire a solar installation company since overseeing your solar installation yourself can be a time-consuming project. In addition, if you’d like to maximize your investment in solar energy, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.

Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Lower Grand Lagoon

Factors that Affect Solar Panel Costs in Lower Grand Lagoon

While the average cost of a solar system in Lower Grand Lagoon is $12,844, your actual cost may differ. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment

When it comes to estimating the price of solar panels in Lower Grand Lagoon, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.The 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. However, more efficient panels could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Lower Grand Lagoon average.

Solar Financing Terms

Most solar companies in Lower Grand Lagoon offer solar loans, which reduce your upfront costs of installing solar.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.

Solar Panel Installation Company

The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Lower Grand Lagoon, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 $3.34 $14,021 $23,597 9.3 years
8 kW $3.27 $18,336 $31,822 9.1 years
10 kW $3.21 $22,470 $40,227 9.0 years
12 kW $3.15 $26,425 $48,811 8.8 years
14 kW $3.08 $30,200 $57,576 8.6 years
16 kW $3.02 $33,795 $66,520 8.4 years
18 kW $2.95 $37,210 $75,644 8.2 years
20 kW $2.89 $40,446 $84,947 8.1 years

How to Save on Solar Panels

There are a large number of companies to choose from in Lower Grand Lagoon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
  • Solar Panel Brands: Different companies will offer different brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
  • Installation Process: An important thing to understand when going solar 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 secure and what the project timeline is.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Lower Grand Lagoon, FL Solar Cost FAQs

How much does it cost to install solar panels in Lower Grand Lagoon?

The average cost of solar panels in Lower Grand Lagoon 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important thing to think about when buying solar panels?

Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase your home value?

Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy consumption and how much 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.

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