Solar Panel Cost Guide in Mount Plymouth, FL (2024 Update)
- Mount Plymouth Solar Installation Cost: $12,571
- 25-Year Savings: $20,881
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Mount Plymouth
We go over average solar pricing in Mount Plymouth.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mount Plymouth, the typical cost of a solar system is 3 per watt.Using this figure, a typical 5.6-kW system would cost about $12,571 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what company you go with.With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Mount Plymouth find investing in solar can be quite rewarding.
Click the button below to get connected to a highly rated solar installer in Mount Plymouth for a personalized estimate.
Solar savings over time in Mount Plymouth
| Year | Return on Investment |
|---|---|
| 1 years | $-11,198 |
| 3 years | $-8,450 |
| 5 years | $-5,703 |
| 7 years | $-2,956 |
| 9 years | $-209 |
| 11 years | $2,538 |
| 13 years | $5,286 |
| 15 years | $8,033 |
| 17 years | $10,780 |
| 19 years | $13,527 |
| 21 years | $16,275 |
| 23 years | $19,022 |
| 25 years | $21,769 |
Top Solar Installers in Mount Plymouth
When going solar, many homeowners decide to use a solar installer since installing a solar system yourself can be a challenging project. The expertise that solar companies offer can be invaluable as well, especially if you don’t quite know what kind of solar equipment you need.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions for providers nearby:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Mount Plymouth
Factors that Affect Solar Panel Costs in Mount Plymouth
For many Mount Plymouth homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Mount Plymouth, 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
When it comes to estimating the cost of a solar energy system in Mount Plymouth, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past power bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.The type of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Mount Plymouth, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Mount Plymouth, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Mount Plymouth have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.34 | $14,021 | $18,998 | 10.6 years |
| 8 kW | $3.27 | $18,336 | $25,690 | 10.4 years |
| 10 kW | $3.21 | $22,470 | $32,562 | 10.2 years |
| 12 kW | $3.15 | $26,425 | $39,614 | 10.0 years |
| 14 kW | $3.08 | $30,200 | $46,845 | 9.8 years |
| 16 kW | $3.02 | $33,795 | $54,256 | 9.6 years |
| 18 kW | $2.95 | $37,210 | $61,847 | 9.4 years |
| 20 kW | $2.89 | $40,446 | $69,618 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project completion timeline.
- Warranty: If you’re concerned about the endurance 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: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Mount Plymouth, FL Solar Cost FAQs
What is the average cost of installing solar panels in Mount Plymouth?
This is a hard question to answer exactly, because the cost depends on a variety of 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. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Mount Plymouth?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Mount Plymouth have a net metering program?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.