Solar Panel Cost Guide in West Palm Beach, FL (Mar 2023)
- West Palm Beach Solar Installation Cost: $9,528
- 25-Year Savings: $19,154
- Payback Period: 8.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in West Palm Beach
Find out what the average cost of installing solar panels is in West Palm Beach.
Currently, the national average cost of solar panels is $2.66 per watt. However, in West Palm Beach, the typical cost of a solar system is 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.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of making the switch to solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in West Palm Beach can save around $20,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar installer in West Palm Beach that can help you get a more accurate cost estimate for your home.
Solar savings over time in West Palm Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-8,381 |
| 3 years | $-6,086 |
| 5 years | $-3,792 |
| 7 years | $-1,497 |
| 9 years | $798 |
| 11 years | $3,092 |
| 13 years | $5,387 |
| 15 years | $7,681 |
| 17 years | $9,976 |
| 19 years | $12,270 |
| 21 years | $14,565 |
| 23 years | $16,859 |
| 25 years | $19,154 |
Top Solar Installers in West Palm Beach
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring an installer can make switching to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 West Palm Beach
Factors that Affect Solar Panel Costs in West Palm Beach
There are several criteria that can play into your total 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
The size of the solar system you need to offset your energy usage, 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 about $2,530. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like West Palm Beach, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. 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 West Palm Beach to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's important to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $20,926 | 8.6 years |
| 8 kW | $2.58 | $14,451 | $28,185 | 8.5 years |
| 10 kW | $2.53 | $17,710 | $35,586 | 8.3 years |
| 12 kW | $2.48 | $20,827 | $43,128 | 8.1 years |
| 14 kW | $2.43 | $23,802 | $50,812 | 8.0 years |
| 16 kW | $2.38 | $26,636 | $58,638 | 7.8 years |
| 18 kW | $2.33 | $29,328 | $66,605 | 7.6 years |
| 20 kW | $2.28 | $31,878 | $74,714 | 7.5 years |
How to Save on Solar Panels
There are numerous companies available in West Palm Beach, 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:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 West Palm Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in West Palm Beach?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in West Palm Beach?
A solar panel system isn't free in West Palm Beach, 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 can help lower the cost.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $1,065.92 per year.
How long do solar panels last in West Palm Beach?
Although 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 decide to replace them once you've had 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.