Solar Panel Cost Guide in Sebastian, FL (2023 Update)
- Sebastian Solar Installation Cost: $9,430
- 25-Year Savings: $19,728
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sebastian
Find out what the average cost of solar panel installation is in Sebastian.
Although the national average of solar panels is $2.66 per watt, solar panels in Sebastian typically cost about 2.53. To cover the typical energy needs of the average home in Sebastian, most homeowners require a 5.3-kilowatt system. Using the figure above, a solar installation costs about $9,422, or $13,473 before the federal solar tax credit of 30% is applied.
The true price you pay can go above or below the average in Sebastian depending on several factors, such as the brand of solar panels you choose and the solar company you hire. With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Sebastian find going solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Sebastian for a quote for your home.
Solar savings over time in Sebastian
| Year | Return on Investment |
|---|---|
| 1 years | $-8,057 |
| 3 years | $-5,309 |
| 5 years | $-2,562 |
| 7 years | $185 |
| 9 years | $2,932 |
| 11 years | $5,679 |
| 13 years | $8,427 |
| 15 years | $11,174 |
| 17 years | $13,921 |
| 19 years | $16,668 |
| 21 years | $19,416 |
| 23 years | $22,163 |
| 25 years | $24,910 |
Top Solar Installers in Sebastian
When going solar, many homeowners decide to go with a solar installation company since handling can be a difficult project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers in Sebastian:
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 Sebastian
Factors that Affect Solar Panel Costs in Sebastian
There are several factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,530 per kilowatt in Sebastian. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Sebastian average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's a good idea to add 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices due to 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 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 | $21,804 | 8.4 years |
| 8 kW | $2.58 | $14,451 | $29,356 | 8.2 years |
| 10 kW | $2.53 | $17,710 | $37,049 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,884 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $52,860 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,979 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $69,239 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $77,640 | 7.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: If you're concerned about the durability of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Sebastian, FL Solar Cost FAQs
How much does it cost to install solar panels in Sebastian?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Sebastian?
Solar panels aren't free in Sebastian, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact my property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for 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 a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 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.