Solar Panel Cost Guide in Lower Grand Lagoon, FL (2025 Update)
- Lower Grand Lagoon Solar Installation Cost: $12,844
- 25-Year Savings: $25,715
- Payback Period: 9.0 Years
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Average Cost of Solar Panels in Lower Grand Lagoon
Find out what the average cost of installing solar panels is in Lower Grand Lagoon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lower Grand Lagoon, the average cost of solar panels is 3 per watt.Using this figure, a typical 5.7-kW system would cost about $12,844 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Lower Grand Lagoon see about $24,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Lower Grand Lagoon for a personalized estimate.
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
Putting up solar panels by yourself can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. Another perk of going with a solar installer is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you're searching for a solar installer in Lower Grand Lagoon, the EcoWatch team has put together a list of our top suggestions here:
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 Lower Grand Lagoon
Factors that Affect Solar Panel Costs in Lower Grand Lagoon
The cost of installing a solar system in Lower Grand Lagoon can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system 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 electricity bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.The kind of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Lower Grand Lagoon provide solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Lower Grand Lagoon, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms closely to make sure you understand the overall cost, project timeline incentives and warranties.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
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 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 real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably 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 do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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 install 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.