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Best 5 Solar Companies in Margate, FL

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Written By Max Peterson | Last Updated: February 05, 2024

Margate homeowners are increasingly using solar panels to generate energy and heat their water. While going solar comes with upfront costs, local homeowners could ultimately save $1,100 per kilowatt on their electric bills. A professional technician can help you select the best panels to maximize your savings. Discover Margate's top-rated solar companies and learn vital decision-making tips on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions

Top Margate Solar Companies

Broward Solar Logo

Broward Solar

4.5/5
Based on 18 customer reviews.

Services Offered

Residential Panels Permit Assistance

Highlights

  • Informative resources
  • Reliable customer support
  • Prompt service delivery
1090 Ne 48th Ct, Fort Lauderdale, FL 954-492-9939 browardsolar.com
Qualitech Solar Logo

Qualitech Solar

4.5/5
Based on 20 customer reviews.

Services Offered

Commercial Panels Residential Panels Financing Assistance

Highlights

  • Reliable customer support
  • Informative resources
  • Clear pricing policy
218 S Military Trail, Deerfield Beach, FL 561-449-6674 qualitechsolar.com
Bison Roofing and Solar Logo

Bison Roofing and Solar

4.5/5
Based on 190 customer reviews.

Services Offered

Residential Panels Maintenance Financing Assistance

Highlights

  • Clear pricing policy
  • Prompt service delivery
  • Informative resources
4750 N Dixie Hwy Suite 8-9, Oakland Park, FL 954-541-5197 bisonroofing.com
ProSolar South Florida Warehouse Logo

ProSolar South Florida Warehouse

4.4/5
Based on 94 customer reviews.

Services Offered

Battery Storage Consultation Residential Panels Tesla Powerwall Commercial Panels

Highlights

  • Clear pricing policy
  • Free quotes
  • Informative resources
1100 W Oakland Park Blvd Unit 8, Wilton Manors, FL 305-928-1266 prosolarflorida.com

More Local Solar Companies

All Phase Solar

User Reviews: 4.4/5 

590 Goolsby Blvd
Deerfield Beach, FL 33442

Smart Energy

User Reviews: 4.2/5 

3665 Park Central Blvd N
Pompano Beach, FL 33064

SolarMatch

User Reviews: 3.9/5 

2151 W Hillsboro Blvd Suite 213
Deerfield Beach, FL 33442

Urban Solar Group

User Reviews: 4.6/5 

1225 Broken Sound Pkwy NW Suite F
Boca Raton, FL 33487

Cross Atlantic Solar

User Reviews: 4.3/5 

3708 SW 30th Ave
Fort Lauderdale, FL 33312

RB Green Energy

User Reviews: 4.5/5 

1855 Griffin Road Suite #A455
Dania Beach, FL 33004

Sprightful Solar

User Reviews: 4.7/5 

1820 N Corporate Lakes Blvd STE 305
Weston, FL 33326

Solar Prime Usa

User Reviews: 4.5/5 

2115 Hollywood Blvd Suite 203
Hollywood, FL 33020

Solarize USA

User Reviews: 4.7/5 

13479 Fountain View Blvd
Wellington, FL 33414

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

Our team used the following criteria to assess the best Margate solar companies.

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Facts about Margate
Average Max Temp: 83°F
Solar Payback Period: 8.6 years
Average Daily Sunlight: 68%
Homes Powered by Solar: 2,879
Average Annual Energy Bill: $1,374
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy offers multiple advantages that will enhance your home for years to come.

  • Lowered energy bills: You can avoid the expensive cost of grid-tied power by generating some electricity right where you use it.
  • Better energy independence: Photovoltaic systems with battery backups function through power outages and emergencies, and you won't have to depend on the electrical grid for your safety and comfort.
  • Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can reduce or eliminate your home's dependence on fossil fuels.

What Solar Incentives Are Available to Margate Homeowners?

Florida homeowners who go solar could qualify for rebates, special financing, reimbursements and tax credits. Here are just a few of the local incentive programs.

Incentive Type: Sales Tax Incentive

Incentive Amount:

All

Incentive Type: Property Tax Incentive

Incentive Amount:

Residential: 100% of the added value
Non-Residential: 80% of the added value

Incentive Type: PACE Financing

Website: floridapace.gov

Incentive Amount:

Determined locally

Incentive Type: Loan Program

Website: lakelandelectric.com

Incentive Amount:

$5,000

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Margate

The cost and efficiency of solar panels often depend on which company installed them. Make your choice based on the following vital factors.

Licensing and Training

Once an electrical professional in Florida has four years of field experience, including one year as an apprentice, they can take two exams to earn a CV license with the Florida Construction Industry Licensing Board. Florida also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. You should also visit a company's website to learn about its private certifications. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, granted by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Margate

Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can increase your solar system's efficiency. Not all solar companies include these additional features, so look for a provider that sells them if it's important for you.

Generally speaking, it costs about $16,050 for a five-kilowatt solar array in Margate. This table displays more specific pricing information for different solar panel types and system components in your area.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,095
Solar Polycrystalline $854
Thin-Film $499
Solar Battery $701
Solar Home EV Charger $2,629

Financing Solar Energy in Margate

Solar contractors use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, cash payments, solar loans and power purchase agreements (PPAs). Most solar experts recommend paying cash or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Similar to a home or auto loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We suggest working with an installer that offers multiple financing options. Ask each agent about what's available, and obtain more than one estimate for the best odds of staying within your budget.

The table below lists the average payback periods for different capacities of solar systems in Margate.

A 26% federal tax credit applies to new residential solar equipment purchased through 2032. Extra incentives may be available through city and state governments, usually in the form of rebates and special financing programs.

Solar System Capacity Estimated Payback period
1 kW 1.7 years
2 kW 3.5 years
5 kW 8.6 years
10 kW 17.3 years

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Frequently Asked Questions About Solar in Margate

How much money could I save by going solar in Margate?

On average, Margate homeowners spend approximately $1,374 per year on power bills. Once you pay off your solar array, you could reduce your costs by $1,084.40 for every kilowatt you produce.

How prevalent is solar energy in Margate?

Yes, solar energy is becoming increasingly popular in Margate. Some homes already generate solar power on-site or through utility grids, and they're supported by a state solar economy with 12202 job opportunities and counting.

Should I expect a boost in my property value after going solar?

Yes, solar panels will increase your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you save on energy bills, your home value increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

What can I do to estimate my home's solar viability?

To determine your home's solar readiness, there's no substitute for a comprehensive estimate from a local solar company. However, you can use the PVWatts tool for a simple solar viability prediction based on public data, including system size, local weather and topography, tree cover, and panel efficiency.

Is solar installation a fast job?

Your solar job's duration will depend on its complexity and size, as well as Margate's permit and inspection procedures. It could take two weeks to two months on average.

What size should my new Margate solar system be?

A typical Margate solar home utilizes a 5.4-kW panel array, but you might need a smaller system if your energy needs are higher. Solar professionals will consider your property's power usage and roof shading to recommend the appropriate system for you.

How does "net metering" work, and do I need to participate?

Net metering is a billing mechanism that credits solar homeowners for any excess electricity they generate and send back to the grid.

Some states or power companies oblige you to join net metering when purchasing your solar system, while others give you a choice. Either way, once you join, you'll get a check or bill credit for your excess generation at a retail or wholesale rate.

What's the difference between a PPA and a solar lease?

After you sign a PPA, your solar contractor will not charge to set up and take care of your new panel array. Instead, you'll pay them only for the electricity you generate. Typically, PPAs last for 10–25 years or until you "buy out" of the contract.

If you choose a lease, you'll make set payments each month.

With both leases and PPAs, you don't own your panels and lose eligibility for most incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources