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.
The average cost of a solar system in Mount Plymouth is 3 per watt.To cover the typical energy needs of the average home in Mount Plymouth, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs around $12,571, or $17,977 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Mount Plymouth based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Mount Plymouth can save about $21,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
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
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring an installer can make switching to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers near you:
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 Mount Plymouth
Factors that Affect Solar Panel Costs in Mount Plymouth
For many Mount Plymouth homeowners, the decision to install solar panels depends on 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 number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have 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.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Mount Plymouth, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the amount of 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 finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can impact your pricing. Mount Plymouth’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which installer you should choose, since different companies provide different panels.
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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 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 precisely, 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Mount Plymouth?
Leasing solar panels can be an appealing choice, because 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can you sell solar power back to the grid in Mount Plymouth?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How long do solar panels last in Mount Plymouth?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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.