Solar Panel Cost Guide in Upper Grand Lagoon, FL (2024 Update)
- Upper Grand Lagoon Solar Installation Cost: $12,844
- 25-Year Savings: $25,715
- Payback Period: 9.0 Years
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Average Cost of Solar Panels in Upper Grand Lagoon
Here’s how much it might cost to switch to solar power in Upper Grand Lagoon.
The average cost of a solar panel system in Upper Grand Lagoon is 3 per watt.Since a 5.7-kW system is needed to cover the energy costs of a typical home in Upper Grand Lagoon, the average price of going solar will be about $12,844 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with.With typical savings of about $24,000 on power bills over 20 years, many homeowners in Upper Grand Lagoon find investing in solar can pay off big.
To get a free quote from a top solar company in Upper Grand Lagoon, you can click the button below.
Solar savings over time in Upper Grand Lagoon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,085 |
| 3 years | $-7,566 |
| 5 years | $-4,048 |
| 7 years | $-529 |
| 9 years | $2,989 |
| 11 years | $6,508 |
| 13 years | $10,026 |
| 15 years | $13,545 |
| 17 years | $17,063 |
| 19 years | $20,582 |
| 21 years | $24,100 |
| 23 years | $27,619 |
| 25 years | $31,137 |
Top Solar Installers in Upper Grand Lagoon
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring an installer can make swapping over to solar power much easier. Plus, if you’re not certain what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Upper Grand Lagoon
Factors that Affect Solar Panel Costs in Upper Grand Lagoon
The cost of installing a solar system in Upper Grand Lagoon can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Upper Grand Lagoon, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Upper Grand Lagoon to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.Although solar loans make adopting solar energy more accessible for Upper Grand Lagoon homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Upper Grand Lagoon is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $23,597 | 9.3 years |
| 8 kW | $3.27 | $18,336 | $31,822 | 9.1 years |
| 10 kW | $3.21 | $22,470 | $40,227 | 9.0 years |
| 12 kW | $3.15 | $26,425 | $48,811 | 8.8 years |
| 14 kW | $3.08 | $30,200 | $57,576 | 8.6 years |
| 16 kW | $3.02 | $33,795 | $66,520 | 8.4 years |
| 18 kW | $2.95 | $37,210 | $75,644 | 8.2 years |
| 20 kW | $2.89 | $40,446 | $84,947 | 8.1 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: The type of solar panel you need to get plays a part in which installer you should choose, since different companies offer different panels.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Upper Grand Lagoon, FL Solar Cost FAQs
What is the average cost of installing solar panels in Upper Grand Lagoon?
This is a tough question to answer precisely, because the cost depends on a few different 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. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Upper Grand Lagoon?
A solar panel system isn’t free in Upper Grand Lagoon, 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 you can take advantage of.
Is it worth going solar in Upper Grand Lagoon?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Upper Grand Lagoon?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.