Solar Panel Cost Guide in Buenaventura Lakes, FL (2023 Update)
- Buenaventura Lakes Solar Installation Cost: $9,599
- 25-Year Savings: $22,648
- Payback Period: 7.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Buenaventura Lakes
Here's how much it might cost to go solar in Buenaventura Lakes.
Although the national average of solar panels is $2.66 per watt, solar panels in Buenaventura Lakes generally cost around 2.53. Because a 5.4-kW system is needed to cover the energy needs of a typical home in Buenaventura Lakes, the average price of going solar will be about $9,599 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Buenaventura Lakes 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. Even with the high upfront cost, the average Buenaventura Lakes homeowner can save around $23,000 on their power bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Buenaventura Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-8,309 |
| 3 years | $-5,729 |
| 5 years | $-3,149 |
| 7 years | $-570 |
| 9 years | $2,010 |
| 11 years | $4,590 |
| 13 years | $7,170 |
| 15 years | $9,750 |
| 17 years | $12,329 |
| 19 years | $14,909 |
| 21 years | $17,489 |
| 23 years | $20,069 |
| 25 years | $22,648 |
Top Solar Installers in Buenaventura Lakes
Trying to put up solar panels by yourself can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're unsure what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our recommendations 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 Buenaventura Lakes
Factors that Affect Solar Panel Costs in Buenaventura Lakes
For many Buenaventura Lakes homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Buenaventura Lakes, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,530. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Buenaventura Lakes, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a part in determining the cost. Buenaventura Lakes' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $2.63 | $11,051 | $24,622 | 7.7 years |
| 8 kW | $2.58 | $14,451 | $33,113 | 7.6 years |
| 10 kW | $2.53 | $17,710 | $41,746 | 7.4 years |
| 12 kW | $2.48 | $20,827 | $50,520 | 7.3 years |
| 14 kW | $2.43 | $23,802 | $59,436 | 7.1 years |
| 16 kW | $2.38 | $26,636 | $68,493 | 7.0 years |
| 18 kW | $2.33 | $29,328 | $77,693 | 6.9 years |
| 20 kW | $2.28 | $31,878 | $87,033 | 6.7 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: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Buenaventura Lakes, FL Solar Cost FAQs
What is the average cost of installing solar panels in Buenaventura Lakes?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Buenaventura Lakes?
A solar panel system isn't free in Buenaventura Lakes, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will solar panels impact my home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
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.