Solar Panel Cost Guide in Altamonte Springs, FL (2024 Update)
- Altamonte Springs Solar Installation Cost: $12,566
- 25-Year Savings: $21,229
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Altamonte Springs
Find out what the average cost of solar panels are in Altamonte Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Altamonte Springs, the average cost of solar panels is 3 per watt.The average solar panel system size in Altamonte Springs is around 5.6 kilowatts, meaning a cost of about $12,566 for a solar installation, or $17,969 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Altamonte Springs can save around $21,000 on their power bills over 20 years.
To get a free estimate from a highly rated solar installer in Altamonte Springs, you can click the button below.
Solar savings over time in Altamonte Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-10,791 |
| 3 years | $-7,241 |
| 5 years | $-3,692 |
| 7 years | $-142 |
| 9 years | $3,407 |
| 11 years | $6,957 |
| 13 years | $10,506 |
| 15 years | $14,056 |
| 17 years | $17,606 |
| 19 years | $21,155 |
| 21 years | $24,705 |
| 23 years | $28,254 |
| 25 years | $31,804 |
Top Solar Installers in Altamonte Springs
Many homeowners opt for a solar installation company since trying to put up solar panels yourself can be time-consuming. Some solar installers, particularly local ones, can help you take advantage of incentives in Altamonte Springs, therefore optimizing your ROI.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Altamonte Springs
Factors that Affect Solar Panel Costs in Altamonte Springs
The cost of installing a solar system in Altamonte Springs can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Altamonte Springs, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Altamonte Springs to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.Although solar loans make going solar more accessible for Altamonte Springs homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect how much it costs. Altamonte Springs’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $19,382 | 10.5 years |
| 8 kW | $3.27 | $18,336 | $26,202 | 10.3 years |
| 10 kW | $3.21 | $22,470 | $33,202 | 10.1 years |
| 12 kW | $3.15 | $26,425 | $40,381 | 9.9 years |
| 14 kW | $3.08 | $30,200 | $47,741 | 9.7 years |
| 16 kW | $3.02 | $33,795 | $55,280 | 9.5 years |
| 18 kW | $2.95 | $37,210 | $62,999 | 9.3 years |
| 20 kW | $2.89 | $40,446 | $70,898 | 9.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: If you’re worried about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Altamonte Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in Altamonte Springs?
The average cost of solar panels in Altamonte Springs 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.