Solar Panel Cost Guide in South Miami, FL (2025 Update)
- South Miami Solar Installation Cost: $12,014
- 25-Year Savings: $19,689
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in South Miami
We break down average solar pricing in South Miami.
The average cost of solar panels in South Miami is 3 per watt.The average South Miami homeowner needs a 5.3-kilowatt system, which would cost about $12,014 with the federal tax credit, or $17,180 before the 0 tax credit is applied.
The true price you pay can go higher or lower than the average in South Miami depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.Even with the significant initial cost, the average South Miami homeowner can save around $21,000 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 pre-vetted solar company in South Miami that can help you get a more accurate cost estimate for your home.
Solar savings over time in South Miami
Year | Return on Investment |
---|---|
1 years | $-10,641 |
3 years | $-7,894 |
5 years | $-5,146 |
7 years | $-2,399 |
9 years | $348 |
11 years | $3,095 |
13 years | $5,843 |
15 years | $8,590 |
17 years | $11,337 |
19 years | $14,084 |
21 years | $16,832 |
23 years | $19,579 |
25 years | $22,326 |
Top Solar Installers in South Miami
Although it's possible to install solar panels on your own, it requires extra effort and knowledge. That's why almost all homeowners choose to go with a solar panel installer. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're on the hunt for a solar company in South Miami, we've put together a list of our top suggestions here:
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 South Miami
Factors that Affect Solar Panel Costs in South Miami
For many South Miami homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in South Miami, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,210. The solar equipment you choose can increase or decrease your cost 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. In addition, extra products, like solar batteries, can bring your total well above the South Miami average.
Solar Financing Terms
Many homeowners find the average cost of solar in South Miami to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fits within 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 | $18,699 | 10.7 years |
8 kW | $3.27 | $18,336 | $25,291 | 10.5 years |
10 kW | $3.21 | $22,470 | $32,063 | 10.3 years |
12 kW | $3.15 | $26,425 | $39,015 | 10.1 years |
14 kW | $3.08 | $30,200 | $46,147 | 9.9 years |
16 kW | $3.02 | $33,795 | $53,459 | 9.7 years |
18 kW | $2.95 | $37,210 | $60,950 | 9.5 years |
20 kW | $2.89 | $40,446 | $68,621 | 9.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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 opt for.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
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 South Miami, FL Solar Cost FAQs
How much does it cost to install solar panels in South Miami?
This is a hard 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 above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in South Miami?
A solar panel system isn’t free in South Miami, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,090.67 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.