Solar Panel Cost Guide in Moon Lake, FL (2024 Update)
- Moon Lake Solar Installation Cost: $12,515
- 25-Year Savings: $22,553
- Payback Period: 9.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Moon Lake
Let’s have a look at the average cost of solar in Moon Lake.
In Moon Lake, solar panels cost about 3 per watt on average.Using this figure, a typical 5.6-kW system would cost about $12,515 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what installation company you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average Moon Lake homeowners see about $23,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Moon Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-10,740 |
| 3 years | $-7,191 |
| 5 years | $-3,641 |
| 7 years | $-92 |
| 9 years | $3,458 |
| 11 years | $7,007 |
| 13 years | $10,557 |
| 15 years | $14,107 |
| 17 years | $17,656 |
| 19 years | $21,206 |
| 21 years | $24,755 |
| 23 years | $28,305 |
| 25 years | $31,854 |
Top Solar Installers in Moon Lake
Putting up solar panels yourself can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you better understand incentives in Moon Lake, therefore optimizing your ROI.
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 Moon Lake
Factors that Affect Solar Panel Costs in Moon Lake
While the average cost of a solar system in Moon Lake is $12,515, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production 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 many different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you choose 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 Moon Lake to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time due to interest.While solar loans make switching to solar energy more accessible for Moon Lake homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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 installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Moon Lake, and each can charge varying amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that offers 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 | $20,900 | 10.0 years |
| 8 kW | $3.27 | $18,336 | $28,226 | 9.8 years |
| 10 kW | $3.21 | $22,470 | $35,732 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $43,418 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $51,283 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $59,328 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $67,553 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,958 | 8.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Read the contract terms closely to make sure you understand the overall cost, completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
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 Moon Lake, FL Solar Cost FAQs
What is the average cost of installing solar panels in Moon Lake?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Moon Lake?
You can’t get solar panels for free in Moon Lake. However, you may still be able to get 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.
Is going solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.