Solar Panel Cost Guide in Miami Gardens, FL (2023 Update)
- Miami Gardens Solar Installation Cost: $9,526
- 25-Year Savings: $19,633
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Miami Gardens
Find out how much it might cost to make the switch to solar in Miami Gardens.
Although the national average of solar panels is $2.66 per watt, solar panels in Miami Gardens typically cost about 2.53. Because a 5.4-kW system is needed to cover the energy needs of a typical home in Miami Gardens, the average price of going solar will be about $9,528 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Miami Gardens can save about $21,000 on their energy bills over 20 years.
To receive a free estimate from a pre-vetted solar installer in Miami Gardens, you can click the button below.
Solar savings over time in Miami Gardens
| Year | Return on Investment |
|---|---|
| 1 years | $-9,429 |
| 3 years | $-9,234 |
| 5 years | $-9,040 |
| 7 years | $-8,845 |
| 9 years | $-8,651 |
| 11 years | $-8,457 |
| 13 years | $-8,262 |
| 15 years | $-8,068 |
| 17 years | $-7,873 |
| 19 years | $-7,679 |
| 21 years | $-7,485 |
| 23 years | $-7,290 |
| 25 years | $-7,096 |
Top Solar Installers in Miami Gardens
Trying to put up solar panels on your own can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're looking for a solar company in Miami Gardens, we've organized 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
See all of the solar companies in Miami Gardens
Factors that Affect Solar Panel Costs in Miami Gardens
For many Miami Gardens homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Miami Gardens, with typical prices between $20,000 to $40,000. There are a few factors that significantly 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 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 around $2,530 per kilowatt in Miami Gardens. The brand and type 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 often come at a higher price 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 greater savings over time. Plus, 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 utility bills over time, but they can also be a significant investment. That's why many Miami Gardens homeowners choose to finance their solar panel systems to make paying for solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Miami Gardens is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different price points. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $21,475 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,917 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,500 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,225 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,092 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,100 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,250 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,542 | 7.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Warranty: If you care about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
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 Miami Gardens, FL Solar Cost FAQs
How much does it cost to install solar panels in Miami Gardens?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Miami Gardens is currently $202,851, so you can look forward to a value of about $8,317 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Miami Gardens is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 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.