Solar Panel Cost Guide in Mulberry, FL (2024 Update)
- Mulberry Solar Installation Cost: $12,358
- 25-Year Savings: $18,269
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Mulberry
We go over average solar pricing in Mulberry.
While the national average of solar panels is $2.66 per watt, solar panels in Mulberry typically cost around 3.To account for the typical energy usage of the average home in Mulberry, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,358, or $17,672 before the federal solar tax credit of 0 is applied.
These figures are only averages, and how much solar costs for you will most likely look different based on your energy needs and what company you want to go with.For many homeowners, the upfront investment in solar is worth paying. On average Mulberry homeowners see about $20,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a personalized estimate.
Solar savings over time in Mulberry
| Year | Return on Investment |
|---|---|
| 1 years | $-10,808 |
| 3 years | $-7,708 |
| 5 years | $-4,608 |
| 7 years | $-1,508 |
| 9 years | $1,592 |
| 11 years | $4,693 |
| 13 years | $7,793 |
| 15 years | $10,893 |
| 17 years | $13,993 |
| 19 years | $17,093 |
| 21 years | $20,193 |
| 23 years | $23,293 |
| 25 years | $26,394 |
Top Solar Installers in Mulberry
Although you can install solar panels yourself, it takes extra labor and handiness. That's why most people choose a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for your family.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our recommendations 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 Mulberry
Factors that Affect Solar Panel Costs in Mulberry
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Mulberry: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Mulberry, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $3,210 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Mulberry to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Mulberry, you’ll have many options to choose from, but each comes at varying price points for labor and 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 extra services like electric vehicle 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 | $16,535 | 11.5 years |
| 8 kW | $3.27 | $18,336 | $22,406 | 11.3 years |
| 10 kW | $3.21 | $22,470 | $28,457 | 11.0 years |
| 12 kW | $3.15 | $26,425 | $34,688 | 10.8 years |
| 14 kW | $3.08 | $30,200 | $41,098 | 10.6 years |
| 16 kW | $3.02 | $33,795 | $47,688 | 10.4 years |
| 18 kW | $2.95 | $37,210 | $54,458 | 10.1 years |
| 20 kW | $2.89 | $40,446 | $61,408 | 9.9 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Mulberry, FL Solar Cost FAQs
What is the average cost of installing solar panels in Mulberry?
This is a difficult question to answer precisely, because the cost depends on a few different 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
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 Mulberry is currently $297,014, so you can look forward to a value of about $12,178 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mulberry is a worthwhile investment.
How long do solar panels last in Mulberry?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.