Solar Panel Cost Guide in Sunny Isles Beach, FL (2024 Update)
- Sunny Isles Beach Solar Installation Cost: $12,086
- 25-Year Savings: $22,254
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Sunny Isles Beach
We go over average solar pricing in Sunny Isles Beach.
Although the national average of solar panels is $2.66 per watt, solar panels in Sunny Isles Beach generally cost about 3.Using this figure, a typical 5.4-kW system would cost about $12,086 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely differ based on your energy needs and what company you choose to go with.Many homeowners find going solar is a sound investment. The average homeowner in Sunny Isles Beach can save around $21,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar installer in Sunny Isles Beach for a customized estimate.
Solar savings over time in Sunny Isles Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-10,712 |
| 3 years | $-7,965 |
| 5 years | $-5,218 |
| 7 years | $-2,471 |
| 9 years | $276 |
| 11 years | $3,024 |
| 13 years | $5,771 |
| 15 years | $8,518 |
| 17 years | $11,265 |
| 19 years | $14,013 |
| 21 years | $16,760 |
| 23 years | $19,507 |
| 25 years | $22,254 |
Top Solar Installers in Sunny Isles Beach
When going solar, many homeowners decide to go with a solar installer since overseeing your solar installation yourself can be a time-consuming project. Solar warranties and repairs are typically included in the cost of installation when you hire a solar company too, which can save you more money over time.
You can work with a local solar installer to get a free estimate 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 Sunny Isles Beach
Factors that Affect Solar Panel Costs in Sunny Isles Beach
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Sunny Isles Beach: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require 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.The solar equipment you choose can increase or decrease your cost 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 electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Sunny Isles Beach average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Sunny Isles Beach, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating in Sunny Isles Beach, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $18,505 | 10.8 years |
| 8 kW | $3.27 | $18,336 | $25,033 | 10.6 years |
| 10 kW | $3.21 | $22,470 | $31,740 | 10.4 years |
| 12 kW | $3.15 | $26,425 | $38,627 | 10.2 years |
| 14 kW | $3.08 | $30,200 | $45,695 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $52,941 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,368 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $67,974 | 9.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
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 Sunny Isles Beach, FL Solar Cost FAQs
How much does it cost to install solar panels in Sunny Isles Beach?
The average cost of solar panels in Sunny Isles Beach is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from 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 why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Sunny Isles Beach have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Sunny Isles Beach?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.