Solar Panel Cost Guide in Madeira Beach, FL (2024 Update)
- Madeira Beach Solar Installation Cost: $11,854
- 25-Year Savings: $25,783
- Payback Period: 8.4 Years
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Average Cost of Solar Panels in Madeira Beach
We go over average solar pricing in Madeira Beach.
The average cost of solar panels in Madeira Beach is 3 per watt.The average Madeira Beach homeowner needs a 5.3-kilowatt system, which would cost about $11,854 with the federal tax credit, or $16,951 before the 0 tax credit is applied.
The true cost of your system can be above or below the average in Madeira Beach based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Madeira Beach see about $27,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Madeira Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-10,079 |
| 3 years | $-6,529 |
| 5 years | $-2,980 |
| 7 years | $570 |
| 9 years | $4,119 |
| 11 years | $7,669 |
| 13 years | $11,218 |
| 15 years | $14,768 |
| 17 years | $18,318 |
| 19 years | $21,867 |
| 21 years | $25,417 |
| 23 years | $28,966 |
| 25 years | $32,516 |
Top Solar Installers in Madeira Beach
When making the switch to solar, many homeowners decide to go with a solar company since putting up a solar system yourself can be a challenging project. Another advantage of going with a solar company is that they can help you maximize your ROI by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you're searching for a solar installer in Madeira Beach, the EcoWatch team has put together a list of our top suggestions here:
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 Madeira Beach
Factors that Affect Solar Panel Costs in Madeira Beach
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,210 per kilowatt in Madeira Beach.There are several different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Madeira Beach homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your total costs, so it’s important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $25,929 | 8.8 years |
| 8 kW | $3.27 | $18,336 | $34,932 | 8.6 years |
| 10 kW | $3.21 | $22,470 | $44,114 | 8.4 years |
| 12 kW | $3.15 | $26,425 | $53,476 | 8.3 years |
| 14 kW | $3.08 | $30,200 | $63,018 | 8.1 years |
| 16 kW | $3.02 | $33,795 | $72,740 | 7.9 years |
| 18 kW | $2.95 | $37,210 | $82,641 | 7.8 years |
| 20 kW | $2.89 | $40,446 | $92,722 | 7.6 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project 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 Madeira Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in Madeira Beach?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Madeira Beach?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Madeira Beach have a net metering program?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 the amount of 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.