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.
In Lynn Haven, solar panels cost about 3 per watt on average.The average solar panel system size in Lynn Haven 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 prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.For most homeowners, the upfront investment in solar is worth paying. On average Lynn Haven homeowners see about $23,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, 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
When switching to solar energy, many homeowners decide to use a solar company since installing solar panels yourself can be a challenging project. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy consumption, but going 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 get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- 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
- 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 Lynn Haven
Factors that Affect Solar Panel Costs in Lynn Haven
The cost of installing a solar system in Lynn Haven can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,210. The brand and kind of equipment you want for your solar system can increase or decrease 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Lynn Haven homeowners decide to finance their solar panel systems to make going solar more affordable.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 difficult, so here are some tips to help you decide:
- Reputation: Your solar installer should have a sound 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 National Provider
SunPower
- 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
- 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 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Lynn Haven?
You can’t get solar panels for free in Lynn Haven. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t opt for 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 a solar system."
How long do solar panels last in Lynn Haven?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.