Solar Panel Cost Guide in Altamonte Springs, FL (2023 Update)
- Altamonte Springs Solar Installation Cost: $9,904
- 25-Year Savings: $21,229
- Payback Period: 8.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Altamonte Springs
See how much it might cost to go solar in Altamonte Springs.
The national average cost of solar panels is $2.66 per watt, but in Altamonte Springs it's 2.53 per watt. Using this figure, a typical 5.6-kW system would cost about $9,900 before the 30% 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 actual cost of going solar can vary based on a few factors, such as what size system you need, your energy consumption and what company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Altamonte Springs can save around $21,000 on their power bills over 20 years.
To receive a free quote from a vetted solar company in Altamonte Springs, you can click the button below.
Solar savings over time in Altamonte Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,129 |
| 3 years | $-4,579 |
| 5 years | $-1,030 |
| 7 years | $2,520 |
| 9 years | $6,069 |
| 11 years | $9,619 |
| 13 years | $13,168 |
| 15 years | $16,718 |
| 17 years | $20,268 |
| 19 years | $23,817 |
| 21 years | $27,367 |
| 23 years | $30,916 |
| 25 years | $34,466 |
Top Solar Installers in Altamonte Springs
When switching to solar energy, many homeowners opt to use a solar installer since handling can be a difficult project. Plus, if you're unsure what kind of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our suggestions for providers nearby:
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
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Altamonte Springs: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production 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. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Altamonte Springs average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Altamonte Springs, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
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. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important 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 trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Altamonte Springs?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Altamonte Springs?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.