Solar Panel Cost Guide in South Miami Heights, FL (2024 Update)
- South Miami Heights Solar Installation Cost: $11,985
- 25-Year Savings: $19,586
- Payback Period: 10.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in South Miami Heights
Here’s how much it might cost to go solar in South Miami Heights.
The national average cost of solar panels is $2.66 per watt, but in South Miami Heights it’s 3 per watt.Since a 5.3-kW system is needed to cover the energy needs of a typical home in South Miami Heights, the average price of going solar will be about $11,985 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy usage and what company you go with.With typical savings of about $21,000 on power bills over 20 years, many homeowners in South Miami Heights find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in South Miami Heights for a quote for your home.
Solar savings over time in South Miami Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-10,612 |
| 3 years | $-7,865 |
| 5 years | $-5,117 |
| 7 years | $-2,370 |
| 9 years | $377 |
| 11 years | $3,124 |
| 13 years | $5,872 |
| 15 years | $8,619 |
| 17 years | $11,366 |
| 19 years | $14,113 |
| 21 years | $16,861 |
| 23 years | $19,608 |
| 25 years | $22,355 |
Top Solar Installers in South Miami Heights
Although you can install solar panels on your own, it takes extra labor and knowledge. That's why almost all homeowners choose to hire a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for you.
If you’d like to start using solar energy but still aren’t sure which solar panel installer to go with, here are our suggestions 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 South Miami Heights
Factors that Affect Solar Panel Costs in South Miami Heights
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in South Miami Heights: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,210. The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many South Miami Heights homeowners choose to finance their solar panel systems to make paying for solar more affordable.Although solar loans make switching to solar energy more accessible for South Miami Heights homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can play a role in determining your pricing. South Miami Heights’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in South Miami Heights are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $18,636 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,208 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $31,959 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $38,891 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $46,001 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,292 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,763 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $68,413 | 9.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in South Miami Heights, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Contract: Look through the contract terms carefully to make sure you understand the total cost, completion timeline rebates and warranties.
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 Heights, FL Solar Cost FAQs
What is the average cost of installing solar panels in South Miami Heights?
The average cost of solar panels in South Miami Heights is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in South Miami Heights?
You can’t get solar panels for free in South Miami Heights. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout South Miami Heights, 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 check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in South Miami Heights?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to 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.