Solar Panel Installation Cost in Boca Raton, Fl
The average cost of solar panel installation in Boca Raton is $5 per watt. Since a 5.4-kW system is needed to cover the energy usage of a typical home in the Boca Raton area, the average cost of going solar will be about $10,725 before claiming the federal solar tax credit of 30%.
These figures are just averages, and the cost of going solar for you may differ based on factors unique to your home and what company you go with. With typical savings of about $30,000 on electricity bills over 25 years, many homeowners in Boca Raton find investing in solar can be quite rewarding.
Factors that Affect Solar Panel Costs in Boca Raton
There are some factors that can play into your solar system installation costs, such as the size of your system, the equipment you choose, your financing options, and the specific company that performs the installation.
Solar Equipments
The size of the solar energy system you need for your building is the most significant cost factor to consider. For every single kilowatt you need, your total will most likely increase by about $3,030. There are several different solar panel brands and the one you pick also affects the cost of solar panel installation. Generally speaking, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many owners find the average cost of solar panel installation in Boca Raton to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the Boca Raton area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest. Though solar panel loans make adopting solar energy more accessible for Boca Raton homeowners, they can also increase the total cost you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Looking For Solar Panel Contractors?
Solar Panel Installation Company
The final major cost factor for the solar panel you should take into consideration is the installer you choose. Given the massive popularity of Floridas Contractors, you’ll have a great number of options to choose from, but each comes at different cost points for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discount offers. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $2.63 | $11,051 | $21,458 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,894 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,471 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,191 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,052 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,054 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,199 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,485 | 7.4 years |
Process To Get Solar Panel Installation Cost Estimate Report
Here I am going to share some steps to get your solar panel installation cost estimate report.
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