Solar Panel Cost Guide in Alafaya, FL (2024 Update)
- Alafaya Solar Installation Cost: $12,301
- 25-Year Savings: $21,394
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Alafaya
Find out what the average cost of solar panel installation is in Alafaya.
The average cost of solar panels in Alafaya is 3 per watt.The average solar panel system size in Alafaya is around 5.5 kilowatts, meaning a cost of about $12,301 for a solar installation, or $17,590 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Alafaya depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire.Even with the large initial cost, the average Alafaya homeowner can save around $22,000 on their energy bills over 20 years, which is one of the advantages of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Alafaya
Year | Return on Investment |
---|---|
1 years | $-10,767 |
3 years | $-7,699 |
5 years | $-4,631 |
7 years | $-1,562 |
9 years | $1,506 |
11 years | $4,574 |
13 years | $7,642 |
15 years | $10,710 |
17 years | $13,778 |
19 years | $16,847 |
21 years | $19,915 |
23 years | $22,983 |
25 years | $26,051 |
Top Solar Installers in Alafaya
Trying to install solar panels on your own can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're looking for a solar installer in Alafaya, the EcoWatch team has organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Alafaya
Factors that Affect Solar Panel Costs in Alafaya
For many Alafaya homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Alafaya, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Alafaya, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Alafaya offer solar loans, which reduce your upfront costs of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Alafaya, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also is within your budget.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.34 | $14,021 | $20,052 | 10.3 years |
8 kW | $3.27 | $18,336 | $27,096 | 10.1 years |
10 kW | $3.21 | $22,470 | $34,319 | 9.9 years |
12 kW | $3.15 | $26,425 | $41,722 | 9.7 years |
14 kW | $3.08 | $30,200 | $49,305 | 9.5 years |
16 kW | $3.02 | $33,795 | $57,068 | 9.3 years |
18 kW | $2.95 | $37,210 | $65,010 | 9.1 years |
20 kW | $2.89 | $40,446 | $73,133 | 8.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Alafaya, FL Solar Cost FAQs
What is the average cost of installing solar panels in Alafaya?
The average cost of solar panels in Alafaya is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Alafaya?
Solar panels aren’t free in Alafaya, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Alafaya is currently $472,103, which means you can expect a value of about $19,356 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Alafaya is a rewarding investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.