Solar Panel Cost Guide in Mulberry, FL (2024 Update)
- Mulberry Solar Installation Cost: $12,358
- 25-Year Savings: $18,269
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Mulberry
We go over average solar pricing in Mulberry.
While the national average of solar panels is $2.66 per watt, solar panels in Mulberry generally cost about 3.The average solar panel system size in Mulberry is around 5.5 kilowatts, meaning a cost of about $12,358 for a solar installation, or $17,672 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Mulberry based on several factors, such as the type of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $20,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar company in Mulberry for a custom estimate.
Solar savings over time in Mulberry
| Year | Return on Investment |
|---|---|
| 1 years | $-10,808 |
| 3 years | $-7,708 |
| 5 years | $-4,608 |
| 7 years | $-1,508 |
| 9 years | $1,592 |
| 11 years | $4,693 |
| 13 years | $7,793 |
| 15 years | $10,893 |
| 17 years | $13,993 |
| 19 years | $17,093 |
| 21 years | $20,193 |
| 23 years | $23,293 |
| 25 years | $26,394 |
Top Solar Installers in Mulberry
Although you can install solar panels by yourself, it requires extra time and expertise. Because of that, most homeowners choose to go with a solar panel installer. 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.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Mulberry
Factors that Affect Solar Panel Costs in Mulberry
Though the average cost of a solar system in Mulberry is $12,358, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Mulberry average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you select will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $16,535 | 11.5 years |
| 8 kW | $3.27 | $18,336 | $22,406 | 11.3 years |
| 10 kW | $3.21 | $22,470 | $28,457 | 11.0 years |
| 12 kW | $3.15 | $26,425 | $34,688 | 10.8 years |
| 14 kW | $3.08 | $30,200 | $41,098 | 10.6 years |
| 16 kW | $3.02 | $33,795 | $47,688 | 10.4 years |
| 18 kW | $2.95 | $37,210 | $54,458 | 10.1 years |
| 20 kW | $2.89 | $40,446 | $61,408 | 9.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Mulberry, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which type 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 options before making your decision.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most 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.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Mulberry, FL Solar Cost FAQs
What is the average cost of installing solar panels in Mulberry?
This is a difficult question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration 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 goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mulberry is currently $297,014, which means you can look forward to a value of about $12,178 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mulberry is a rewarding investment.
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 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.