Solar Panel Cost Guide in Miami, OK (2025 Update)
- Miami Solar Installation Cost: $19,427
- 25-Year Savings: $20,789
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Miami
Find out how much it might cost to switch to solar power in Miami.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Miami, the average cost of a solar system is 3 per watt.The average solar panel system size in Miami is around 8.9 kilowatts, meaning a cost of about $19,427 for a solar installation, or $27,781 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Miami depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar power is worth paying. On average Miami homeowners see about $16,000 in savings on energy bills over 20 years.
To get a free quote from a highly rated solar installation company in Miami, you can click the button below.
Solar savings over time in Miami
| Year | Return on Investment |
|---|---|
| 1 years | $-18,065 |
| 3 years | $-15,341 |
| 5 years | $-12,617 |
| 7 years | $-9,893 |
| 9 years | $-7,169 |
| 11 years | $-4,445 |
| 13 years | $-1,722 |
| 15 years | $1,002 |
| 17 years | $3,726 |
| 19 years | $6,450 |
| 21 years | $9,174 |
| 23 years | $11,898 |
| 25 years | $14,622 |
Top Solar Installers in Miami
Installing solar panels by yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
If you're on the hunt for a solar company in Miami, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Miami
Factors that Affect Solar Panel Costs in Miami
For many Miami homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Miami, with typical prices between $20,000 to $40,000. There are a number of factors that significantly 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 installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,130 per kilowatt in Miami.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Miami, where sunlight is relatively 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Miami homeowners opt to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of financing options, including the total 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 getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Miami, and each can charge different amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — 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 find a company that has the products, warranties and services you’re looking for 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 | $3.26 | $13,672 | $11,400 | 13.6 years |
| 8 kW | $3.19 | $17,879 | $15,551 | 13.4 years |
| 10 kW | $3.13 | $21,910 | $19,877 | 13.1 years |
| 12 kW | $3.07 | $25,766 | $24,378 | 12.8 years |
| 14 kW | $3.00 | $29,447 | $29,054 | 12.6 years |
| 16 kW | $2.94 | $32,953 | $33,906 | 12.3 years |
| 18 kW | $2.88 | $36,283 | $38,933 | 12.1 years |
| 20 kW | $2.82 | $39,438 | $44,135 | 11.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
EcoWatch's Miami, OK Solar Cost FAQs
How much does it cost to install solar panels in Miami?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Miami?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
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 larger 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.