Solar Panel Cost Guide in Sunny Isles Beach, FL (2023 Update)
- Sunny Isles Beach Solar Installation Cost: $9,526
- 25-Year Savings: $19,633
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sunny Isles Beach
Find out what the average cost of solar panel installation is in Sunny Isles Beach.
The national average cost of solar panels is $2.66 per watt, but in Sunny Isles Beach it's 2.53 per watt. Using this figure, a typical 5.4-kW system would cost about $9,528 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Sunny Isles Beach homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Sunny Isles Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-8,152 |
| 3 years | $-5,405 |
| 5 years | $-2,658 |
| 7 years | $90 |
| 9 years | $2,837 |
| 11 years | $5,584 |
| 13 years | $8,331 |
| 15 years | $11,078 |
| 17 years | $13,826 |
| 19 years | $16,573 |
| 21 years | $19,320 |
| 23 years | $22,067 |
| 25 years | $24,815 |
Top Solar Installers in Sunny Isles Beach
Installing solar panels on your own can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you'd like to go solar but still aren't certain which solar system company to go with, here are our suggestions for providers in Sunny Isles Beach:
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 Sunny Isles Beach
Factors that Affect Solar Panel Costs in Sunny Isles Beach
For many Sunny Isles Beach homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Sunny Isles Beach, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant 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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,530 per kilowatt in Sunny Isles Beach. The model of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Sunny Isles Beach offer solar loans, which reduce your upfront costs of installing solar panels. 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're only able to 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 finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Sunny Isles Beach, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Sunny Isles Beach are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $2.63 | $11,051 | $21,475 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,917 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,500 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,225 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,092 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,100 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,250 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,542 | 7.4 years |
How to Save on Solar Panels
There are numerous companies available in Sunny Isles Beach, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Before you sign a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should opt for, since different companies have access to different panels.
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 Sunny Isles Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in Sunny Isles Beach?
The average cost of solar panels in Sunny Isles Beach is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Sunny Isles Beach?
You can't get solar panels for free in Sunny Isles Beach. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Though 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 the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.