Solar Panel Cost Guide in Palm Coast, FL (2023 Update)
- Palm Coast Solar Installation Cost: $9,634
- 25-Year Savings: $20,199
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Palm Coast
We break down average solar pricing in Palm Coast.
The average cost of solar panels in Palm Coast is 2.53 per watt. The average Palm Coast homeowner needs a 5.4-kilowatt system, which would cost about $9,634 with the federal tax credit, or $13,777 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Palm Coast find investing in solar can pay off big.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Palm Coast
| Year | Return on Investment |
|---|---|
| 1 years | $-8,441 |
| 3 years | $-6,054 |
| 5 years | $-3,668 |
| 7 years | $-1,281 |
| 9 years | $1,106 |
| 11 years | $3,492 |
| 13 years | $5,879 |
| 15 years | $8,266 |
| 17 years | $10,652 |
| 19 years | $13,039 |
| 21 years | $15,425 |
| 23 years | $17,812 |
| 25 years | $20,199 |
Top Solar Installers in Palm Coast
Although you can install solar panels by yourself, it involves extra effort and knowledge. Because of that, most homeowners choose a solar panel installer. The expertise that solar installers provide can be valuable as well, especially if you don't quite know what type of solar equipment you need.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Palm Coast
Factors that Affect Solar Panel Costs in Palm Coast
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Palm Coast: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Palm Coast, 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 figure out by looking at past power bills. Your total cost can increase by about $2,530 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Palm Coast, 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 out of reach, solar loans are a popular option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. It's wise 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Palm Coast, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $2.63 | $11,051 | $21,824 | 8.4 years |
| 8 kW | $2.58 | $14,451 | $29,382 | 8.2 years |
| 10 kW | $2.53 | $17,710 | $37,081 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,923 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $52,906 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $61,030 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $69,297 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $77,705 | 7.3 years |
How to Save on Solar Panels
The solar installer you choose will affect 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 several important things you should consider, such as:
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Palm Coast, FL Solar Cost FAQs
What is the average cost of installing solar panels in Palm Coast?
This is a difficult 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.