Solar Panel Cost Guide in Altamonte Springs, FL (Mar 2023)
- Altamonte Springs Solar Installation Cost: $9,900
- 25-Year Savings: $21,233
- Payback Period: 8.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Altamonte Springs
See how much it might cost to make the switch to solar in Altamonte Springs.
The average cost of a solar panel system in Altamonte Springs is 2.53 per watt. The average solar panel system size in Altamonte Springs is around 5.6 kilowatts, meaning a cost of about $9,900 for a solar installation, or $14,157 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Altamonte Springs homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Altamonte Springs see about $21,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Altamonte Springs for a quote for your home.
Solar savings over time in Altamonte Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,655 |
| 3 years | $-6,164 |
| 5 years | $-3,673 |
| 7 years | $-1,183 |
| 9 years | $1,308 |
| 11 years | $3,799 |
| 13 years | $6,289 |
| 15 years | $8,780 |
| 17 years | $11,271 |
| 19 years | $13,761 |
| 21 years | $16,252 |
| 23 years | $18,743 |
| 25 years | $21,233 |
Top Solar Installers in Altamonte Springs
When making the switch to solar, many homeowners opt to hire a solar company since handling can be a time-consuming project. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you're on the hunt for a solar company in Altamonte Springs, the EcoWatch team has compiled 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 (coming 2022)
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
Although the average cost of a solar system in Altamonte Springs is $9,900, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,530. 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 limited space for your panels, higher efficiency options will be more impactful. 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 steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a role in determining the cost. Altamonte Springs' solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $22,352 | 8.3 years |
| 8 kW | $2.58 | $14,451 | $30,086 | 8.1 years |
| 10 kW | $2.53 | $17,710 | $37,962 | 8.0 years |
| 12 kW | $2.48 | $20,827 | $45,979 | 7.8 years |
| 14 kW | $2.43 | $23,802 | $54,138 | 7.6 years |
| 16 kW | $2.38 | $26,636 | $62,439 | 7.5 years |
| 18 kW | $2.33 | $29,328 | $70,882 | 7.3 years |
| 20 kW | $2.28 | $31,878 | $79,466 | 7.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
How much does it cost to install solar panels in Altamonte Springs?
The average cost of solar panels in Altamonte Springs is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model 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 a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will installing solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Altamonte Springs is currently $222,528, so you could be looking at a value of about $9,124 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Altamonte Springs is a fruitful investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.