Solar Panel Cost Guide in Punta Gorda, FL (2023 Update)
- Punta Gorda Solar Installation Cost: $9,404
- 25-Year Savings: $20,592
- Payback Period: 7.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Punta Gorda
We go over average solar pricing in Punta Gorda.
While the national average of solar panels is $2.66 per watt, solar panels in Punta Gorda generally cost about 2.53. The average Punta Gorda homeowner needs a 5.3-kilowatt system, which would cost about $9,404 with the federal tax credit, or $13,448 before the 30% tax credit is applied.
These figures are just averages, and how much solar costs for you may differ based on your energy needs and what company you choose to go with. Despite the high upfront cost, the average Punta Gorda homeowner can save about $21,000 on their power bills over 20 years, which is one of the perks of solar.
To receive a free quote from a highly rated solar installation company in Punta Gorda, you can click the button below.
Solar savings over time in Punta Gorda
| Year | Return on Investment |
|---|---|
| 1 years | $-9,304 |
| 3 years | $-9,104 |
| 5 years | $-8,904 |
| 7 years | $-8,704 |
| 9 years | $-8,504 |
| 11 years | $-8,304 |
| 13 years | $-8,104 |
| 15 years | $-7,904 |
| 17 years | $-7,704 |
| 19 years | $-7,504 |
| 21 years | $-7,304 |
| 23 years | $-7,104 |
| 25 years | $-6,904 |
Top Solar Installers in Punta Gorda
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make switching to solar power much easier. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
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 Punta Gorda
Factors that Affect Solar Panel Costs in Punta Gorda
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Punta Gorda: 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 a solar energy system in Punta Gorda, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, 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 solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Punta Gorda average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Punta Gorda, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. Even though solar loans make adopting solar energy more accessible for Punta Gorda homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Punta Gorda is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that provide a range of services for different budgets. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $22,844 | 8.2 years |
| 8 kW | $2.58 | $14,451 | $30,742 | 8.0 years |
| 10 kW | $2.53 | $17,710 | $38,781 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $46,963 | 7.7 years |
| 14 kW | $2.43 | $23,802 | $55,286 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $63,750 | 7.4 years |
| 18 kW | $2.33 | $29,328 | $72,357 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,105 | 7.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
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 Punta Gorda, FL Solar Cost FAQs
How much does it cost to install solar panels in Punta Gorda?
The average cost of solar panels in Punta Gorda is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Punta Gorda, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 get 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.