Because of the soaring electricity costs from traditional sources, many homeowners believe installing solar panels is a no-brainer.
However, the real cost of solar panels for sale and whether they will assist you in saving money is determined by a few key factors. According to the Center for Sustainable Energy, installation and the system can cost between $15,000 and $25,000 on average.
Electricity rates are heavily influenced by where you live. The U.S. Energy Information Administration reported that the national average is around 13 cents per kilowatt-hour.
Before making the switch, consider how your electric bill, incentives, and location will affect your wallet over time.
Continue reading to know if solar panels are worth your money and time. After reading this article, you will make the right decision on going solar.
Is it Worth Investing in a Solar Panel System in Florida?
Yes, it is worth it. Small solar panel systems for sale cost money. But when you compare solar energy costs to the national average, it is less expensive.
A home in Florida uses about 1,078 kilowatts (0.11kWh) monthly. The national average cost of power in Florida is 11.90 cents per kWh. It means that if you buy a 5 kW solar system, you will save $91.25 monthly on energy costs.
The figure varies depending on the type of solar system and the amount of electricity you use. Not only will you save money, but you’ll also preserve the environment. Using renewable and clean energy helps to reduce carbon footprint.
How Long Do Solar Panels Last in Florida?
Roof solar panels for sale typically last for 25 to 30 years. But this does not mean that after this time, they will stop producing electricity. There are solar panels that can produce power for 50 years.
It shows that solar panels are worth it. They have a lifespan that extends beyond the guarantee offered by the manufacturer. Some last 20% longer than stated.
The power output decreases every year by 0.8%, due to solar cell degradation.
When buying solar panels in Florida, make sure it comes with a warranty. It’s a guarantee that the system will serve you well for many years to come. Equipment warranty is vital in case the solar equipment fails due to quality issues.
Inverters don’t last for many years as solar panels. They need replacing after 10 to 15 years.
Micro inverters have a lifespan of about 25 years. They are the best choice for modern systems.
How Much do Home Solar Panels Cost in Florida?
As of April 2021, solar panels in Florida cost an average of $2.6 per watt. It means a typical 6 kW solar system goes for around $15,660 before any incentives. It may seem like a lot of money, but once the incentives are factored in, you’ll end up paying a lot less.
The solar incentive available in Florida is a 26% solar tax credit and net metering. Other residential solar panel systems homeowners pay an average of $2.85 per watt.
What Are the Benefits of Going Solar in Florida?
Solar panel systems for sale come with several incentives and benefits. You can be eligible for net metering, sales and property tax exemptions.
Sales and property tax exemptions apply when buying solar energy systems. You’ll save 6% of what you’d have initially paid. Your property tax bill will not have any other extra costs.
Florida offers property tax exclusion for homeowners interested in renewable energy. When you add value to your home, you will not pay the usual tax costs.
Net metering varies depending on your utility company. Some companies allow those with solar energy systems to connect to their grid.
In turn, residents get credit for the energy produced, and it’s reflected on their energy bill. They get monetary compensation for any unused credit the following year.
What Solar Panels Should I Install in Florida?
Property owners in Florida can customize solar panels, racking systems, batteries, and inverters. It’s possible to customize the entire aesthetic of the whole renewable energy system.
The best solar panels for sale have premium warranties and efficiencies. But they come at a higher cost.
Make sure you find out if such solar panels can produce more electricity depending on the size. Also, the solar warranties should match your needs.
There are three common types of solar panels that most property owners prefer. Each has its benefits, so it’s essential to buy one best suited for the Florida climate.
The first type is amorphous panels that come at a low cost. They are best for areas that receive less sunshine.
The second type is the monocrystalline panels. They are the most common option for homeowners.
They have a high-grade silicone structure and a high-efficiency rate. These solar panels have a lifespan of 25+ years.
They are ideal for high sunshine climate areas. They are the most expensive option of solar panels. But they are worth it since they have a longer lifespan compared to other options.
The third type is the polycrystalline panels with newer technology. They are also ideal for high sunshine climates.
However, they are less efficient and relatively small than monocrystalline panels. Choose a solar panel system that will cater well to your energy needs.
How Long Does It Take for Solar Panels to Pay for Themselves in Florida?
Small solar panels for sale can help a homeowner in Florida to save on utility bills each month. If you want to invest in solar panels, the average solar payback in Florida is between 9 to 12 years.
After that, you’ll enjoy not paying any electricity bills. The amount of sunshine falling on the solar panel will determine the power generated. You can calculate how much you will save.
Divide the solar panel’s initial cost by the amount of electricity saved each year. Don’t include rebates and credits. Also, some sites can give you the correct data for your exact location in Florida.
Is There a Need to Install a Solar Battery System in Florida?
Products like Tesla Powerwall 2 are gaining a lot of attention in Florida. It makes one wonder whether it’s necessary to install a solar battery system or not. The truth is it’s not worth it.
Net metering is available in Sunshine State (Florida). It ”stores” the cash value of your excess electricity. Consider it an extra upfront investment.
Jacksonville and Orlando provide rebates for solar battery backup systems. You can get about $4,000 in Jacksonville and $2,000 in Orlando.
Are Solar Panels Resistant to Extreme Weather?
Reputable solar panel manufacturers test their panels in hurricane-like winds of 140 mph. So, it’s unlikely for your solar panels to suffer damage during extreme weather events.
You should not be concerned about hailstorms causing damage to the solar panels. Manufacturers are legally required to follow the set international standard IEC61215.
A solar panel should be able to withstand a hit from a ball of hail with a speed of 5 1.4 mph and a diameter of about 1 inch (25 mm). Premium brands are designed to withstand hits from larger balls of hail at higher speeds.
Are Solar Panels for Sale Worth the Cost for You?
Different factors determine the total cost of solar panels. First, you need to consider the upfront costs of buying a solar-powered system. Include all the components of the system to determine the average price.
You will pay between $100 and $200 per panel for a solar-powered system of 100-Watt. Solar inverters cost between $50 and $200, and a battery costs $150 to $250.
A generator can cost somewhere between $120 and $400. Note that you may need several solar panels plus extra wiring. The above pricing is basic to help you better understand how much you need to budget.
After purchasing the solar panel system, the next step is installation. You can install it by yourself if you know electrical systems. It is dangerous to work with electricity if you don’t have the knowledge and expertise.
It’s best to hire a professional to install the system properly. Installation costs vary depending on the contractor you choose and your region. On average, it cost around $8-9 per watt installed.
You also need to budget for maintenance costs. Your solar power system will require maintenance to serve you well for a long time. You’ll have to replace several pieces during the 25 to 30 years that most solar panel systems last.
Florida’s climate can take on solar energy as the primary source of renewable energy. With this in mind, solar panels can save you a tremendous amount of money on your high utility bills. Even though you’ll spend a lot to invest in a solar-powered system, the benefits far outweigh the costs.
How to Determine When You Should Go Solar
There are many reasons why people install solar panels on their property. Government incentives for going solar should convince you to install the panel system.
Take your time to read and understand the incentives provided by the government. You need to know how much you will save before investing in solar panels. Keep in mind that financial incentives can disappear at any time.
The accessibility and popularity of solar power in Florida keep increasing. Government incentives will disappear or decrease at any time. There is an increasing number of homeowners who can afford solar panel systems.
With time the government will feel less pressed to encourage homeowners to go solar. Take advantage of the statewide incentives before the end of the federal programs.
Solar Panels Can Increase the Value of Your Home
Homes with solar panels sell for more compared to homes without them. Investing in solar energy systems will increase the value of your property. Solar panels could boost your resale value if you’re planning to sell your home in the next decade.
Everyone needs some form of electricity in their home. Potential home buyers will view your home favorably if it has a solar power system installed.
Most residences have solar panels on their roof than they were a few years ago. So, people in Florida view solar energy positively. It makes it a great selling point for your home.
Keep in mind that the price of electricity may rise further in the future. It shows that the resale value of your property will be more evident if your home has solar power.
The value varies depending on the prices of houses within your area and the location. Generally, buyers pay an extra $4 per watt of already installed solar power. A home with a 5 kWh solar panel system may give you upward of $20,000 in increased property value.
Things to Avoid Before Going Solar
It’s important not to confuse daylight hours with sun hours. Sun hours refer to the number of hours the solar panel can get energy during the day.
If you get 15 hours of daylight in the summer, you’re getting about seven sun hours. The solar panel system will still work for the remaining hours but at a reduced rate.
Also, don’t underestimate the amount of power you consume. Check the manufacturer’s information provided on each appliance.
You will know the estimated power consumption. Or get a device to help you measure your energy consumption.
To save more money, make upgrades to decrease your usage. Upgrade to energy-efficient lighting, appliances, and more.
It’s best not to have unrealistic expectations once you go solar. Expect limitations depending on the type of solar energy system you buy.
Choose the Best Solar Contractor
So, now you know the benefits of solar panels for sale. The next important step is to choose the right solar installer to set up the solar panel system for you.
It’s essential to choose the right installer. You will avoid poorly done work that could cause issues like a leaky roof or faulty wiring.
Here at West Bay Energy, we provide solar panel installation and products are backed by flexible financing and comprehensive warranties. You will not have to worry about any extra costs or surprises with your solar panel system for 25 years.
Contact us today to book an appointment.
