Solar Panel Cost Guide in Pembroke Pines, FL (2023 Update)
- Pembroke Pines Solar Installation Cost: $9,528
- 25-Year Savings: $20,322
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pembroke Pines
We go over average solar pricing in Pembroke Pines.
In Pembroke Pines, solar panels cost about 2.53 per watt on average. The average solar panel system size in Pembroke Pines is around 5.4 kilowatts, meaning a cost of about $9,528 for a solar installation, or $13,625 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar panels you want, your solar contractor and more. But, once you've paid the initial cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on power bills.
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Solar savings over time in Pembroke Pines
| Year | Return on Investment |
|---|---|
| 1 years | $-8,334 |
| 3 years | $-5,946 |
| 5 years | $-3,558 |
| 7 years | $-1,170 |
| 9 years | $1,218 |
| 11 years | $3,606 |
| 13 years | $5,994 |
| 15 years | $8,382 |
| 17 years | $10,770 |
| 19 years | $13,158 |
| 21 years | $15,546 |
| 23 years | $17,934 |
| 25 years | $20,322 |
Top Solar Installers in Pembroke Pines
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels yourself can be challenging. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Pembroke Pines
Factors that Affect Solar Panel Costs in Pembroke Pines
There are several criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Though solar loans make going solar more accessible for Pembroke Pines homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Pembroke Pines is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices because of their bigger 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 | $2.63 | $11,051 | $22,252 | 8.3 years |
| 8 kW | $2.58 | $14,451 | $29,953 | 8.1 years |
| 10 kW | $2.53 | $17,710 | $37,795 | 8.0 years |
| 12 kW | $2.48 | $20,827 | $45,779 | 7.8 years |
| 14 kW | $2.43 | $23,802 | $53,905 | 7.7 years |
| 16 kW | $2.38 | $26,636 | $62,172 | 7.5 years |
| 18 kW | $2.33 | $29,328 | $70,581 | 7.3 years |
| 20 kW | $2.28 | $31,878 | $79,132 | 7.2 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 a challenge, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Reputation: Long-standing companies likely have a good 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 support, such as part repairs and replacements.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
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 Pembroke Pines, FL Solar Cost FAQs
What is the average cost of installing solar panels in Pembroke Pines?
This is a difficult question to answer precisely, because the cost depends on many 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 higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Pembroke Pines?
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 maximize your savings.
Does Pembroke Pines have a net metering program?
Each state has some kind 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 energy bills.
How long do solar panels last in Pembroke Pines?
On average, the lifespan of solar panels is 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 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.