Solar Panel Cost Guide in Palm Beach Gardens, FL (2023 Update)

  • Palm Beach Gardens Solar Installation Cost: $9,528
  • 25-Year Savings: $19,631
  • Payback Period: 8.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Palm Beach Gardens

Let's take a look at the average cost of solar in Palm Beach Gardens.

Although the national average of solar panels is $2.66 per watt, solar panels in Palm Beach Gardens typically cost around 2.53. Using this figure, a typical 5.4-kW system would cost about $9,528 before the 30% federal solar tax credit is applied.

The true cost of your system can be higher or lower than the average in Palm Beach Gardens based on several factors, such as the model of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.

Click the button below to get connected to a top solar installer in Palm Beach Gardens for a custom estimate.

Solar savings over time in Palm Beach Gardens

Year Return on Investment
1 years $-8,362
3 years $-6,029
5 years $-3,696
7 years $-1,364
9 years $969
11 years $3,302
13 years $5,635
15 years $7,967
17 years $10,300
19 years $12,633
21 years $14,965
23 years $17,298
25 years $19,631

Top Solar Installers in Palm Beach Gardens

Trying to install solar panels on your own can be a challenging undertaking, which is why hiring a solar installer is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar contractor too, which can save you more money after your initial investment.

If you're looking for a solar company in Palm Beach Gardens, we've compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Palm Beach Gardens

Factors that Affect Solar Panel Costs in Palm Beach Gardens

Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Palm Beach Gardens: 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 cost of a solar energy system in Palm Beach Gardens, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,530 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also cost more. Plus, 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 panels out of pocket can be difficult. Solar loans are available from most installers in Palm Beach Gardens, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to factor 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 how long it'll take to pay off the loan.

Solar Panel Installation Company

The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Palm Beach Gardens, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.

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 $21,458 8.5 years
8 kW $2.58 $14,451 $28,894 8.3 years
10 kW $2.53 $17,710 $36,471 8.2 years
12 kW $2.48 $20,827 $44,191 8.0 years
14 kW $2.43 $23,802 $52,052 7.8 years
16 kW $2.38 $26,636 $60,054 7.7 years
18 kW $2.33 $29,328 $68,199 7.5 years
20 kW $2.28 $31,878 $76,485 7.4 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:

  • Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: Different companies will have different brands and types of panels. If you want a specific brand, make sure the solar installer you're considering has it.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
  • Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Palm Beach Gardens, FL Solar Cost FAQs

How much does it cost to install solar panels in Palm Beach Gardens?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Palm Beach Gardens?

Leasing solar panels can be an attractive choice, because it usually 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 option if you want to get the most savings.

Is it worth going solar in Palm Beach Gardens?

Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.

How long do solar panels last in Palm Beach Gardens?

On average, the lifespan of solar panels is 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 level 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.

Follow us