Solar Panel Cost Guide in Mary Esther, FL (Mar 2023)
- Mary Esther Solar Installation Cost: $10,290
- 25-Year Savings: $22,719
- Payback Period: 7.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mary Esther
We break down average solar pricing in Mary Esther.
While the national average of solar panels is $2.66 per watt, solar panels in Mary Esther generally cost around 2.53. The average Mary Esther homeowner needs a 5.8-kilowatt system, which would cost about $10,290 with the federal tax credit, or $14,715 before the 30% tax credit is applied.
These figures are just estimates, and the cost of going solar for you will vary based on your specific situation and what company you go with. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Mary Esther can save about $22,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Mary Esther that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mary Esther
| Year | Return on Investment |
|---|---|
| 1 years | $-8,969 |
| 3 years | $-6,328 |
| 5 years | $-3,688 |
| 7 years | $-1,047 |
| 9 years | $1,594 |
| 11 years | $4,234 |
| 13 years | $6,875 |
| 15 years | $9,516 |
| 17 years | $12,156 |
| 19 years | $14,797 |
| 21 years | $17,438 |
| 23 years | $20,078 |
| 25 years | $22,719 |
Top Solar Installers in Mary Esther
Many homeowners choose to use a solar panel company since trying to install solar panels on your own can be challenging. Another advantage of going with a solar company is that they can help you make the most of 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.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Mary Esther
Factors that Affect Solar Panel Costs in Mary Esther
For many Mary Esther homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Mary Esther, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,530 per kilowatt in Mary Esther. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Mary Esther, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Mary Esther have solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your all-in costs, so it's vital to include that in your estimate 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 last key cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Mary Esther, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Mary Esther know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $23,040 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,004 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,109 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,355 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,744 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,274 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $72,946 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,759 | 7.0 years |
How to Save on Solar Panels
There are many companies to choose from in Mary Esther, 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:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which company you should opt for, since different companies provide different panels.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Mary Esther, FL Solar Cost FAQs
What is the average cost of installing solar panels in Mary Esther?
The average cost of solar panels in Mary Esther is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Mary Esther?
You can't get solar panels for free in Mary Esther. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Mary Esther, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Mary Esther?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.