Solar Panel Cost Guide in Miramar Beach, FL (2024 Update)
- Miramar Beach Solar Installation Cost: $13,060
- 25-Year Savings: $22,715
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Miramar Beach
Here’s how much it might cost to go solar in Miramar Beach.
The average cost of solar panels in Miramar Beach is 3 per watt.To account for the typical energy needs of the average home in Miramar Beach, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,060, or $18,676 before the federal solar tax credit of 0 is applied.
The actual price you pay can go higher or lower than the average in Miramar Beach depending on several factors, such as the type of solar panels you choose and the solar company you hire.With typical savings of about $22,000 on utility bills over 20 years, many homeowners in Miramar Beach find going solar can be quite rewarding.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Miramar Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-11,301 |
| 3 years | $-7,783 |
| 5 years | $-4,264 |
| 7 years | $-745 |
| 9 years | $2,773 |
| 11 years | $6,292 |
| 13 years | $9,810 |
| 15 years | $13,329 |
| 17 years | $16,847 |
| 19 years | $20,366 |
| 21 years | $23,884 |
| 23 years | $27,403 |
| 25 years | $30,921 |
Top Solar Installers in Miramar Beach
Putting up solar panels on your own can be a challenging undertaking, which is why getting a solar installation company is a good option for many homeowners. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Miramar Beach
Factors that Affect Solar Panel Costs in Miramar Beach
The cost of installing a solar system in Miramar Beach can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Miramar Beach to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Miramar Beach is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services at different price points.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 cost more. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for and also fit into 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 | $20,053 | 10.3 years |
| 8 kW | $3.27 | $18,336 | $27,096 | 10.1 years |
| 10 kW | $3.21 | $22,470 | $34,320 | 9.9 years |
| 12 kW | $3.15 | $26,425 | $41,723 | 9.7 years |
| 14 kW | $3.08 | $30,200 | $49,306 | 9.5 years |
| 16 kW | $3.02 | $33,795 | $57,069 | 9.3 years |
| 18 kW | $2.95 | $37,210 | $65,012 | 9.1 years |
| 20 kW | $2.89 | $40,446 | $73,134 | 8.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- 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 past customers and solar experts like EcoWatch.
- Solar Panel Brands: The model of solar panel you need to get plays a role in which installer you should opt for, since different companies have access to different panels.
- Warranty: If you care about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Miramar Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in Miramar Beach?
The average cost of solar panels in Miramar Beach is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Miramar Beach, that will require at least a 10-kW system. Not all homes can accommodate 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 many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.