Solar Panel Cost Guide in Palm Beach, FL (2025 Update)
- Palm Beach Solar Installation Cost: $12,093
- 25-Year Savings: $18,615
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Palm Beach
We go over average solar pricing in Palm Beach.
The national average cost of solar panels is $2.66 per watt, but in Palm Beach it’s 3 per watt.To cover the typical energy needs of the average home in Palm Beach, most homeowners require a 5.4-kilowatt system. Using the figure above, a solar installation costs about $12,093, or $17,293 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $20,000 over 20 years on utility bills.
Click the button below to get connected to a top solar company in Palm Beach for a customized quote.
Solar savings over time in Palm Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-10,719 |
| 3 years | $-7,972 |
| 5 years | $-5,224 |
| 7 years | $-2,477 |
| 9 years | $270 |
| 11 years | $3,017 |
| 13 years | $5,765 |
| 15 years | $8,512 |
| 17 years | $11,259 |
| 19 years | $14,006 |
| 21 years | $16,753 |
| 23 years | $19,501 |
| 25 years | $22,248 |
Top Solar Installers in Palm Beach
Although you can install solar panels on your own, it takes extra effort and expertise. Because of that, most people choose to hire a solar panel installer. Plus, if you’re unsure what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Palm Beach
Factors that Affect Solar Panel Costs in Palm Beach
While the average cost of a solar system in Palm Beach is $12,093, 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
When it comes to estimating the price of a solar system in Palm Beach, 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 consumption, 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.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Palm Beach, 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 a solar system in cash is too expensive, solar loans are a popular choice because they reduce your upfront costs and let you 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 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can impact how much it costs. Palm Beach’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $17,359 | 11.2 years |
| 8 kW | $3.27 | $18,336 | $23,504 | 11.0 years |
| 10 kW | $3.21 | $22,470 | $29,830 | 10.7 years |
| 12 kW | $3.15 | $26,425 | $36,335 | 10.5 years |
| 14 kW | $3.08 | $30,200 | $43,020 | 10.3 years |
| 16 kW | $3.02 | $33,795 | $49,885 | 10.1 years |
| 18 kW | $2.95 | $37,210 | $56,929 | 9.9 years |
| 20 kW | $2.89 | $40,446 | $64,153 | 9.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Palm Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in Palm Beach?
The average cost of solar panels in Palm Beach is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,045.99 per year.
How often do you have to replace solar panels?
Even 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 how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.