Solar Panel Cost Guide in Lynn Haven, FL (2024 Update)
- Lynn Haven Solar Installation Cost: $12,844
- 25-Year Savings: $32,613
- Payback Period: 9.3 Years
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Average Cost of Solar Panels in Lynn Haven
Let’s take a look at the average cost of solar in Lynn Haven.
While the national average of solar panels is $2.66 per watt, solar panels in Lynn Haven typically cost about 3.Since a 5.7-kW system is needed to cover the energy usage of a typical home in Lynn Haven, the average price of going solar will be about $12,844 after claiming the federal solar tax credit of 0.
The true price you pay can go above or below the average in Lynn Haven depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $23,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lynn Haven
| Year | Return on Investment |
|---|---|
| 1 years | $-11,026 |
| 3 years | $-7,389 |
| 5 years | $-3,753 |
| 7 years | $-116 |
| 9 years | $3,520 |
| 11 years | $7,157 |
| 13 years | $10,794 |
| 15 years | $14,430 |
| 17 years | $18,067 |
| 19 years | $21,703 |
| 21 years | $25,340 |
| 23 years | $28,976 |
| 25 years | $32,613 |
Top Solar Installers in Lynn Haven
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your swap to solar power much easier. 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 it. Your provider will be able to help you identify incentives available in your area.
If you’d like to go solar but still aren’t certain which solar panel installer to go with, here are our suggestions for providers 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 Lynn Haven
Factors that Affect Solar Panel Costs in Lynn Haven
For many Lynn Haven homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Lynn Haven, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,210.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 electric bills. In addition, extra products, like solar batteries, can bring your total well above the Lynn Haven average.
Solar Financing Terms
Most solar companies in Lynn Haven provide solar loans, which reduce the initial cost of installing a solar system.Although solar loans make going solar more accessible for Lynn Haven homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced 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 decide on the company that has the products, warranties and services you’re looking for 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 | $3.34 | $14,021 | $22,370 | 9.6 years |
| 8 kW | $3.27 | $18,336 | $30,186 | 9.4 years |
| 10 kW | $3.21 | $22,470 | $38,182 | 9.3 years |
| 12 kW | $3.15 | $26,425 | $46,357 | 9.1 years |
| 14 kW | $3.08 | $30,200 | $54,713 | 8.9 years |
| 16 kW | $3.02 | $33,795 | $63,248 | 8.7 years |
| 18 kW | $2.95 | $37,210 | $71,963 | 8.5 years |
| 20 kW | $2.89 | $40,446 | $80,858 | 8.3 years |
How to Save on Solar Panels
There are numerous companies available in Lynn Haven, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: When reading over 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 the company going out of business.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the completion timeline.
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 Lynn Haven, FL Solar Cost FAQs
How much does it cost to install solar panels in Lynn Haven?
The average cost of solar panels in Lynn Haven 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 type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Lynn Haven?
Solar panels aren’t free in Lynn Haven, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower 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 Lynn Haven is currently $327,059, so you could be looking at a value of about $13,409 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Lynn Haven is a worthwhile investment.
How long do solar panels last in Lynn Haven?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.