Solar Panel Cost Guide in Mount Plymouth, FL (2023 Update)
- Mount Plymouth Solar Installation Cost: $9,908
- 25-Year Savings: $20,881
- Payback Period: 8.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mount Plymouth
Let's take a look at the average cost of solar panels in Mount Plymouth.
In Mount Plymouth, solar panels cost about 2.53 per watt on average. Using this figure, a typical 5.6-kW system would cost about $9,900 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Mount Plymouth based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the significant initial cost, the average Mount Plymouth homeowner can save about $21,000 on their power bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mount Plymouth
| Year | Return on Investment |
|---|---|
| 1 years | $-8,535 |
| 3 years | $-5,787 |
| 5 years | $-3,040 |
| 7 years | $-293 |
| 9 years | $2,454 |
| 11 years | $5,202 |
| 13 years | $7,949 |
| 15 years | $10,696 |
| 17 years | $13,443 |
| 19 years | $16,191 |
| 21 years | $18,938 |
| 23 years | $21,685 |
| 25 years | $24,432 |
Top Solar Installers in Mount Plymouth
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar panel installer can make swapping over to solar power much easier. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
If you're on the hunt for a solar installer in Mount Plymouth, the EcoWatch team has compiled 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 Mount Plymouth
Factors that Affect Solar Panel Costs in Mount Plymouth
Though the average cost of a solar system in Mount Plymouth is $9,900, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher 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 $2,530. There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Mount Plymouth, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you select will influence your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Mount Plymouth are more knowledgeable about local solar incentives and can help you take advantage 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 | $2.63 | $11,051 | $21,968 | 8.4 years |
| 8 kW | $2.58 | $14,451 | $29,574 | 8.2 years |
| 10 kW | $2.53 | $17,710 | $37,322 | 8.0 years |
| 12 kW | $2.48 | $20,827 | $45,211 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $53,243 | 7.7 years |
| 16 kW | $2.38 | $26,636 | $61,415 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $69,730 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $78,186 | 7.2 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:
- Solar Panel Brands: The model of solar panel you need to install plays a role in which installer you should opt for, since different companies offer different panels.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
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 Mount Plymouth, FL Solar Cost FAQs
What is the average cost of installing solar panels in Mount Plymouth?
The average cost of solar panels in Mount Plymouth is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Mount Plymouth?
A solar panel system isn't free in Mount Plymouth, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mount Plymouth is currently $229,100, which means you can expect a value of about $9,393 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mount Plymouth is a rewarding investment.
How long do solar panels last in Mount Plymouth?
On average, solar panels can last 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 higher 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.