Solar Panel Cost Guide in Port Labelle, FL (2023 Update)
- Port Labelle Solar Installation Cost: $9,528
- 25-Year Savings: $22,395
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Port Labelle
Find out what the average cost of a solar system is in Port Labelle.
The national average cost of solar panels is $2.66 per watt, but in Port Labelle it's 2.53 per watt. Since a 5.4-kW system is needed to cover the energy costs of a typical home in Port Labelle, the average price of going solar will be about $9,528 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and your own solar costs may look different based on your energy needs and what company you choose to go with. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $23,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar company in Port Labelle for a custom quote.
Solar savings over time in Port Labelle
| Year | Return on Investment |
|---|---|
| 1 years | $-8,251 |
| 3 years | $-5,697 |
| 5 years | $-3,143 |
| 7 years | $-590 |
| 9 years | $1,964 |
| 11 years | $4,518 |
| 13 years | $7,072 |
| 15 years | $9,626 |
| 17 years | $12,179 |
| 19 years | $14,733 |
| 21 years | $17,287 |
| 23 years | $19,841 |
| 25 years | $22,395 |
Top Solar Installers in Port Labelle
When switching to solar energy, many homeowners choose to hire a solar company since overseeing your solar installation yourself can be a challenging project. The expertise that solar installers offer can be valuable as well, particularly if you aren't sure what kind of solar equipment you need.
If you'd like to start using solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers near you:
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 Port Labelle
Factors that Affect Solar Panel Costs in Port Labelle
Though the average cost of a solar system in Port Labelle is $9,528, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Port Labelle, 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 usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,530 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on 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 for a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Port Labelle offer solar loans, which reduce your upfront costs of installing solar. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact your pricing. Port Labelle's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk 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 companies.
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 | $24,560 | 7.8 years |
| 8 kW | $2.58 | $14,451 | $33,030 | 7.6 years |
| 10 kW | $2.53 | $17,710 | $41,641 | 7.5 years |
| 12 kW | $2.48 | $20,827 | $50,395 | 7.3 years |
| 14 kW | $2.43 | $23,802 | $59,290 | 7.2 years |
| 16 kW | $2.38 | $26,636 | $68,326 | 7.0 years |
| 18 kW | $2.33 | $29,328 | $77,505 | 6.9 years |
| 20 kW | $2.28 | $31,878 | $86,825 | 6.7 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall 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 consider, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Contract: It's important to look over 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.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Port Labelle, FL Solar Cost FAQs
How much does it cost to install solar panels in Port Labelle?
The average cost of solar panels in Port Labelle is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Port Labelle?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is it worth going solar in Port Labelle?
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 reasonably low, solar panels might not be for you.
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 the average daily sunlight your roof gets. You can take a 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 buy between 20 and 35 panels to cover 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.