*Prices are shown after applying the 30% federal tax credit.
As of Apr 2024, the average cost of solar panels in Lee is $2.43 per watt making a typical 6000 watt (6 kW) solar system $10,215 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $2.49 | $6,974 |
5kW | $2.50 | $8,744 |
6kW | $2.43 | $10,215 |
7kW | $2.41 | $11,821 |
8kW | $2.39 | $13,372 |
9kW | $2.34 | $14,734 |
10kW | $2.32 | $16,219 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.97 553 Reviews
Christian Piz, 2 days ago
Michael came out as soon as we had permission to operate and get the system going, he spent some time making sure the system was connected to the WiFi even installing a extender for us just to ensure that it was connected properly. Max made sure we got the right treatment and super polite, respectful, and honest which we appreciated and ultimately was really the selling point for us on them. He was phenomenal. The price was justified for us as we are already paying an arm and a leg with raising rates out here in the middle of nowhere, next we will be looking into a battery but for now this is a great start we have 36 panels beautifully installed on the home. Fun to watch the enphase app and see what’s going on in real time with the productions and system status. I’d say all and all they did a really good job for us and we are happy with our solar journey so far.
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Christian Piz, 2 days ago
Michael came out as soon as we had permission to operate and get the system going, he spent some time making sure the system was connected to the WiFi even installing a extender for us just to ensure that it was connected properly. Max made sure we got the right treatment and super polite, respectful, and honest which we appreciated and ultimately was really the selling point for us on them. He was phenomenal. The price was justified for us as we are already paying an arm and a leg with raising rates out here in the middle of nowhere, next we will be looking into a battery but for now this is a great start we have 36 panels beautifully installed on the home. Fun to watch the enphase app and see what’s going on in real time with the productions and system status. I’d say all and all they did a really good job for us and we are happy with our solar journey so far.
4.97 774 Reviews
Curtis W, 1 day ago
From the first contact to the completion of the installation, Erik and SunVena did an exceptional job presenting the benefits of Solar and the proposed system, the details of the product, the saving projections, and the installation timeline and milestones. The professionalism of Erik, the support staff, and the installation crew could not have been better!
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Curtis W, 1 day ago
From the first contact to the completion of the installation, Erik and SunVena did an exceptional job presenting the benefits of Solar and the proposed system, the details of the product, the saving projections, and the installation timeline and milestones. The professionalism of Erik, the support staff, and the installation crew could not have been better!
4.91 146 Reviews
Hector luy , 4 weeks ago
A guy came to the door one day and asked about an electric bill and I asked a guy to come out later because I was leaving for work. Marco explained everything about the system and I signed up the same day. He's been really helpful, every time I had a question he would get back to me. He came back and brought food not too long ago for me. He was always very easy to reach. In my old house, I was paying $350 and now I am paying $300 in my new one but every year it increases and I wanted to avoid that inflation. The loan is $207 + $30 for the meter and it's still cheaper than the $300 I'm paying now, after the loan is over it's only $30 for the meter. I got full coverage for 30 years on parts, labor, and the power production guarantee. I didn't go solar in the past because I heard about bad experiences with other companies but didn't have that experience at all. The installation went pretty well. They did a great job, they were nice, no problems at all. The office team was really good because they replied very fast. Every time I text they reply super quickly within minutes whereas in other companies it's at least a day or two. They were always nice and professional.
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Hector luy , 4 weeks ago
A guy came to the door one day and asked about an electric bill and I asked a guy to come out later because I was leaving for work. Marco explained everything about the system and I signed up the same day. He's been really helpful, every time I had a question he would get back to me. He came back and brought food not too long ago for me. He was always very easy to reach. In my old house, I was paying $350 and now I am paying $300 in my new one but every year it increases and I wanted to avoid that inflation. The loan is $207 + $30 for the meter and it's still cheaper than the $300 I'm paying now, after the loan is over it's only $30 for the meter. I got full coverage for 30 years on parts, labor, and the power production guarantee. I didn't go solar in the past because I heard about bad experiences with other companies but didn't have that experience at all. The installation went pretty well. They did a great job, they were nice, no problems at all. The office team was really good because they replied very fast. Every time I text they reply super quickly within minutes whereas in other companies it's at least a day or two. They were always nice and professional.
4.87 259 Reviews
MA, over 1 month
When Tesla won't return your calls or offer a system to fit your needs... When the other guys want to give you a quote without coming to your house... You go with Solar Source because they came right out, explained all of our options clearly, gave us proper quotes after surveying the house and our needs, and have been the single most professional company of ANY we have worked with in the state. From sales to installation these guys have done everything right by us, have done it as they promised, have done it on time, and (best of all) have done everything correctly. No shortcuts taken, this is how professionals do things the right way. Two thumbs up.
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MA, over 1 month
When Tesla won't return your calls or offer a system to fit your needs... When the other guys want to give you a quote without coming to your house... You go with Solar Source because they came right out, explained all of our options clearly, gave us proper quotes after surveying the house and our needs, and have been the single most professional company of ANY we have worked with in the state. From sales to installation these guys have done everything right by us, have done it as they promised, have done it on time, and (best of all) have done everything correctly. No shortcuts taken, this is how professionals do things the right way. Two thumbs up.
4.84 157 Reviews
David Figueroa, over 1 month
Had multiple quotes from many companies but choosing Solar-Ray was a no-brainer. Not only are they Florida’s first certified contractor to qualify and receive the nationally recognized NABCEP Certification for PV, they also have been installing solar since 2003; that’s over 18 years of experience. On top of that, they are offering 5% cash back from total cost given to you after the installation is completed. Michael Brown (Owner) is always educating himself on solar and keeping up to date with new products as they release. One thing that sets them apart is the various tests they perform with what they currently install vs what’s new to the market. Time and time again, the Equipment he offers outperforms new equipment like micro inverters, etc. Solar Ray is also BBB accredited and has a ton of other achievements and awards. They also provide amazing warranties for any roof leaks (if caused by the install) and 25 year warranty on equipment. Dennis (Salesman) went out of his way to make sure I understood everything that was being done from start to finish. He even went above and beyond by answering all my questions (which I had plenty) and helped me choose the best option/equipment for my roof and usage. I highly recommend this company and Dennis adds great value to this company with exceptional customer service and knowledge. I will definitely be using this company again for future solar installs and will also be referring them to my friends and family who are thinking about going solar. You will not regret choosing Solar Ray, so what are you waiting for?
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Average cost (5kW system)
$12,500 ($2.50 per watt)
David Figueroa, over 1 month
Had multiple quotes from many companies but choosing Solar-Ray was a no-brainer. Not only are they Florida’s first certified contractor to qualify and receive the nationally recognized NABCEP Certification for PV, they also have been installing solar since 2003; that’s over 18 years of experience. On top of that, they are offering 5% cash back from total cost given to you after the installation is completed. Michael Brown (Owner) is always educating himself on solar and keeping up to date with new products as they release. One thing that sets them apart is the various tests they perform with what they currently install vs what’s new to the market. Time and time again, the Equipment he offers outperforms new equipment like micro inverters, etc. Solar Ray is also BBB accredited and has a ton of other achievements and awards. They also provide amazing warranties for any roof leaks (if caused by the install) and 25 year warranty on equipment. Dennis (Salesman) went out of his way to make sure I understood everything that was being done from start to finish. He even went above and beyond by answering all my questions (which I had plenty) and helped me choose the best option/equipment for my roof and usage. I highly recommend this company and Dennis adds great value to this company with exceptional customer service and knowledge. I will definitely be using this company again for future solar installs and will also be referring them to my friends and family who are thinking about going solar. You will not regret choosing Solar Ray, so what are you waiting for?
4.83 531 Reviews
Bill Witte, 16 hours ago
Crew arrived right on time and did a fine job. Everything was handled well by the support person. Looks nice.
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Bill Witte, 16 hours ago
Crew arrived right on time and did a fine job. Everything was handled well by the support person. Looks nice.
4.80 752 Reviews
Niecy Lacey, 1 day ago
Very professional company salesman was very nice and professional.
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Niecy Lacey, 1 day ago
Very professional company salesman was very nice and professional.
4.79 535 Reviews
Berhanu Atnafu, 14 hours ago
All good, excellent company.
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Average cost (5kW system)
$17,000 ($3.40 per watt)
Berhanu Atnafu, 14 hours ago
All good, excellent company.
4.75 118 Reviews
Kenk, over 1 month
Daniel was great to work with because there was no hard sell and it was clear those guys know what they're doing very well. I had another quote from a different company that was way higher and they were all focused on trying to tell me how much the monthly payment would be but it was going to be a lot more money for a lot fewer panels. So solar tech elec did a great job on the installation and service and pricing is also super good. Anyone looking for solar panels should definitely give these guys a call.
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Kenk, over 1 month
Daniel was great to work with because there was no hard sell and it was clear those guys know what they're doing very well. I had another quote from a different company that was way higher and they were all focused on trying to tell me how much the monthly payment would be but it was going to be a lot more money for a lot fewer panels. So solar tech elec did a great job on the installation and service and pricing is also super good. Anyone looking for solar panels should definitely give these guys a call.
4.73 84 Reviews
J Carr, over 1 month
Phase I (26 roof mounted panels) are now working correctly. We started out with some bad panels, but Alex and his team got these replaced and the system is working! It is great working with a local company that has an "on staff" designer and electricians, unlike many other companies that sub-out the electrical to electricians that may not have solar experience. Now that phase I is complete, we are looking forward to having Phase II (starting next week with 21 additional ground mounted panels) installed to create a system that will eliminate my high GRU bill. It has been a long process with the delay of GRU in granting work permits, but it will be worth it in the end. Many thanks to Alex, Gabby and the rest of the crew.
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J Carr, over 1 month
Phase I (26 roof mounted panels) are now working correctly. We started out with some bad panels, but Alex and his team got these replaced and the system is working! It is great working with a local company that has an "on staff" designer and electricians, unlike many other companies that sub-out the electrical to electricians that may not have solar experience. Now that phase I is complete, we are looking forward to having Phase II (starting next week with 21 additional ground mounted panels) installed to create a system that will eliminate my high GRU bill. It has been a long process with the delay of GRU in granting work permits, but it will be worth it in the end. Many thanks to Alex, Gabby and the rest of the crew.
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.31 |
LG Solar | $2.63 |
SunPower | $2.72 |
Panasonic | $2.65 |
LONGi Solar | $2.26 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Lee varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Lee.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 10.9 kW |
Annual power generation | 14,706 kWh |
Pay-back time (assuming Cash purchase) | 9.6 Years |
Internal rate of return (IRR) on investment | 5.7% |
Gross cost | $30,700 |
Total Upfront Incentives and Rebates | -$8,981 |
Net Cost of System after rebated and incentives | $21,715 |
Total Cost of Utility Power Avoided over 25 years | $68,277 |