Solar Panel Cost Guide in Quincy, FL (2024 Update)
- Quincy Solar Installation Cost: $13,048
- 25-Year Savings: $25,043
- Payback Period: 9.2 Years
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Average Cost of Solar Panels in Quincy
We go over average solar pricing in Quincy.
The national average cost of solar panels is $2.66 per watt, but in Quincy it’s 3 per watt.Because a 5.8-kW system is needed to cover the energy costs of a typical home in Quincy, the average price of going solar will be about $13,048 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Quincy depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire.Even with the high initial cost, the average Quincy homeowner can save about $24,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar installer in Quincy for a quote for your home.
Solar savings over time in Quincy
| Year | Return on Investment |
|---|---|
| 1 years | $-11,212 |
| 3 years | $-7,541 |
| 5 years | $-3,870 |
| 7 years | $-199 |
| 9 years | $3,472 |
| 11 years | $7,143 |
| 13 years | $10,814 |
| 15 years | $14,485 |
| 17 years | $18,156 |
| 19 years | $21,826 |
| 21 years | $25,497 |
| 23 years | $29,168 |
| 25 years | $32,839 |
Top Solar Installers in Quincy
Many homeowners choose to use a solar panel installer since trying to put up solar panels on your own can be time-consuming. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for your family.
If you’d like to go solar but still aren’t certain which solar company to go with, here are our recommendations for providers nearby:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Quincy
Factors that Affect Solar Panel Costs in Quincy
The cost of installing a solar system in Quincy can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Quincy, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
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 let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can influence the cost. Quincy’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.34 | $14,021 | $22,482 | 9.6 years |
| 8 kW | $3.27 | $18,336 | $30,335 | 9.4 years |
| 10 kW | $3.21 | $22,470 | $38,368 | 9.2 years |
| 12 kW | $3.15 | $26,425 | $46,581 | 9.0 years |
| 14 kW | $3.08 | $30,200 | $54,974 | 8.9 years |
| 16 kW | $3.02 | $33,795 | $63,546 | 8.7 years |
| 18 kW | $2.95 | $37,210 | $72,298 | 8.5 years |
| 20 kW | $2.89 | $40,446 | $81,230 | 8.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Quincy, FL Solar Cost FAQs
What is the average cost of installing solar panels in Quincy?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to 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 cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Quincy?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Quincy?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.