The cost of solar panels in Loxahatchee, FL (2024)

Updated Jul 16, 2024

  • You'll pay an average of $11,504 to install a 5 kilowatt solar panel system in Loxahatchee, FL, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

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Written by: Emily Walker

As of July 2024, the average solar panel system costs $2.30/W including installation in Loxahatchee, FL. For a 5 kW installation, this comes out to about $11,504 before incentives, though prices range from $9,778 to $13,230. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Loxahatchee, FL

Good Price
$9,778 or less
Market Average
$11,504
High Price
$13,230 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Loxahatchee, FL state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $11,504 in Loxahatchee, FL, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Loxahatchee, FL

System Size
System Cost
System Cost (after ITC)
3 kW$6,902$4,832
4 kW$9,203$6,442
5 kW$11,504$8,053
6 kW$13,805$9,663
7 kW$16,105$11,274
8 kW$18,406$12,884
9 kW$20,707$14,495
10 kW$23,008$16,105

Are solar panels worth it in Loxahatchee, FL?

Solar panels are worth it in most areas, including Loxahatchee, FL. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $48,841 over 20 years on electricity costs with a 5 kW system in Loxahatchee, FL. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

Payback Period
8.47 Years
20-Year Savings
$48,841
Cost-per-Watt
$2.30

If you can't shell out $11,504 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in FL, here are some popular suggestions:

  • Airis Energy Solutions
    MIAMI, FL
    Established 1996
    Elite Installer
    Airis Energy Solutions: Your path to a greener future. Solar and energy storage solutions for sustainable living....
    Elite Installer
    Screened & Verified
    5.0 /5.0
    15 Reviews

    Airis Energy Solutions: Your path to a greener future. Solar and energy storage solutions for sustainable living....
  • BeeGreen Solar & Roofing
    PORT RICHEY, FL
    Established 2022
    Elite Installer
    34+ years as a State Certified Master Electrician, 11+ years dedicated to solar/battery specific installations. W...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    19 Reviews

    34+ years as a State Certified Master Electrician, 11+ years dedicated to solar/battery specific installations. W...
  • Volt Solar Energy
    Miami, FL
    Established 2015
    Elite Installer
    We are a local company that installs for many solar companies in Florida and are one of the top 10 installers in ...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    25 Reviews

    We are a local company that installs for many solar companies in Florida and are one of the top 10 installers in ...
  • Efficient Home Services
    Multi-state
    Established 2011
    Elite Installer
    Why EHS:
    Our mission at Efficient Home Services is to provide homeowners with a top quality experience. We aim to ...
    Elite Installer
    Screened & Verified

    Why EHS:
    Our mission at Efficient Home Services is to provide homeowners with a top quality experience. We aim to ...
  • Demand Construction
    Sunny Isles Beach, FL
    Established 2019
    Elite Installer
    Join the green revolution with Demand Construction! We're the fastest-growing green energy construction company i...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    84 Reviews

    Join the green revolution with Demand Construction! We're the fastest-growing green energy construction company i...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Loxahatchee, FL.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Loxahatchee, FL. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

Save time & money

Request free quotes from vetted installers in minutes

Unbiased support

Our expert Energy Advisors will help you make the right decision

Trusted, local installers

We pre-screen and monitor all of our partners

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