Solar Panel Cost Guide in Buenaventura Lakes, FL (2023 Update)
- Buenaventura Lakes Solar Installation Cost: $9,605
- 25-Year Savings: $22,642
- Payback Period: 7.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Buenaventura Lakes
Let's have a look at the average cost of solar in Buenaventura Lakes.
The average cost of a solar panel system in Buenaventura Lakes is 2.53 per watt. Because a 5.4-kW system is needed to cover the energy usage 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%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary depending on multiple factors, such as what size system you need, your energy usage and what company you go with. Many homeowners find going solar is a sound investment. The average homeowner in Buenaventura Lakes can save around $23,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar installer in Buenaventura Lakes for a custom quote.
Solar savings over time in Buenaventura Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-9,498 |
| 3 years | $-9,283 |
| 5 years | $-9,068 |
| 7 years | $-8,853 |
| 9 years | $-8,638 |
| 11 years | $-8,423 |
| 13 years | $-8,208 |
| 15 years | $-7,993 |
| 17 years | $-7,778 |
| 19 years | $-7,563 |
| 21 years | $-7,348 |
| 23 years | $-7,133 |
| 25 years | $-6,918 |
Top Solar Installers in Buenaventura Lakes
Although it's possible to install solar panels yourself, it takes extra labor and expertise. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you pick which one will be best for your family.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Buenaventura Lakes: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require 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 brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Buenaventura Lakes, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Buenaventura Lakes homeowners decide to finance their solar panel systems to make going solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you choose to 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 hire to install your solar panel system can play a role in determining your pricing. Buenaventura Lakes' solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger 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 | $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
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The brand of solar panel you need to get plays a role in which installer you should opt for, since different companies have different panels.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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
How much does it cost to install solar panels in Buenaventura Lakes?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Buenaventura Lakes?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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.