Solar Panel Cost Guide in Belle Isle, FL (2024 Update)
- Belle Isle Solar Installation Cost: $12,301
- 25-Year Savings: $21,438
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Belle Isle
Let’s have a look at the average cost of solar panels in Belle Isle.
The national average cost of solar panels is $2.66 per watt, but in Belle Isle it’s 3 per watt.To cover the typical energy usage of the average home in Belle Isle, most homeowners require a 5.5-kilowatt system. Using the figure above, a solar installation costs about $12,301, or $17,590 before the federal solar tax credit of 0 is applied.
The true cost of your system can be higher or lower than the average in Belle Isle based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $22,000 on utility bills over 20 years, many homeowners in Belle Isle find installing solar panels can be quite rewarding.
You can click the button below to get connected with a vetted solar company in Belle Isle for a quote for your home.
Solar savings over time in Belle Isle
| Year | Return on Investment |
|---|---|
| 1 years | $-10,526 |
| 3 years | $-6,977 |
| 5 years | $-3,427 |
| 7 years | $122 |
| 9 years | $3,672 |
| 11 years | $7,222 |
| 13 years | $10,771 |
| 15 years | $14,321 |
| 17 years | $17,870 |
| 19 years | $21,420 |
| 21 years | $24,969 |
| 23 years | $28,519 |
| 25 years | $32,069 |
Top Solar Installers in Belle Isle
Although it's possible to install solar panels yourself, it requires extra time and handiness. That's why most homeowners choose a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you hire a solar contractor too, which can save you more money over time.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some 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 Belle Isle
Factors that Affect Solar Panel Costs in Belle Isle
For many Belle Isle homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Belle Isle, 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
When it comes to estimating the price of solar panels in Belle Isle, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by about $3,210 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Belle Isle, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, 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 more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Belle Isle is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services at different costs.You may see 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 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 | $20,101 | 10.3 years |
| 8 kW | $3.27 | $18,336 | $27,160 | 10.1 years |
| 10 kW | $3.21 | $22,470 | $34,400 | 9.9 years |
| 12 kW | $3.15 | $26,425 | $41,819 | 9.7 years |
| 14 kW | $3.08 | $30,200 | $49,418 | 9.5 years |
| 16 kW | $3.02 | $33,795 | $57,197 | 9.3 years |
| 18 kW | $2.95 | $37,210 | $65,156 | 9.1 years |
| 20 kW | $2.89 | $40,446 | $73,294 | 8.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: The type of solar panel you want plays a part in which company you should opt for, since different companies provide different panels.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
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 Belle Isle, FL Solar Cost FAQs
How much does it cost to install solar panels in Belle Isle?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly 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 consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Belle Isle?
Solar panels aren’t free in Belle Isle, 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 you can take advantage of.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Belle Isle is currently $512,168, so you could be looking at a value of about $20,999 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Belle Isle is a worthwhile investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.