Solar Panel Cost Guide in Buenaventura Lakes, FL (2024 Update)
- Buenaventura Lakes Solar Installation Cost: $12,187
- 25-Year Savings: $22,642
- Payback Period: 9.4 Years
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Average Cost of Solar Panels in Buenaventura Lakes
See how much it might cost to go solar in Buenaventura Lakes.
The average cost of a solar panel system in Buenaventura Lakes is 3 per watt.The average Buenaventura Lakes homeowner needs a 5.4-kilowatt system, which would cost about $12,187 with the federal tax credit, or $17,427 before the 0 tax credit is applied.
The actual price you pay can go above or below the average in Buenaventura Lakes based on several factors, such as the type of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar power is worth paying. On average Buenaventura Lakes homeowners see about $23,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Buenaventura Lakes for a custom estimate.
Solar savings over time in Buenaventura Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-10,412 |
| 3 years | $-6,863 |
| 5 years | $-3,313 |
| 7 years | $236 |
| 9 years | $3,786 |
| 11 years | $7,336 |
| 13 years | $10,885 |
| 15 years | $14,435 |
| 17 years | $17,984 |
| 19 years | $21,534 |
| 21 years | $25,083 |
| 23 years | $28,633 |
| 25 years | $32,183 |
Top Solar Installers in Buenaventura Lakes
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar company can make converting to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much your investment in solar could cost 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 Buenaventura Lakes
Factors that Affect Solar Panel Costs in Buenaventura Lakes
Even though the average cost of a solar system in Buenaventura Lakes is $12,187, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Buenaventura Lakes average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Buenaventura Lakes, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Buenaventura Lakes, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have 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 | $21,652 | 9.8 years |
| 8 kW | $3.27 | $18,336 | $29,229 | 9.6 years |
| 10 kW | $3.21 | $22,470 | $36,986 | 9.4 years |
| 12 kW | $3.15 | $26,425 | $44,922 | 9.3 years |
| 14 kW | $3.08 | $30,200 | $53,038 | 9.1 years |
| 16 kW | $3.02 | $33,795 | $61,334 | 8.9 years |
| 18 kW | $2.95 | $37,210 | $69,810 | 8.7 years |
| 20 kW | $2.89 | $40,446 | $78,465 | 8.5 years |
How to Save on Solar Panels
There are a large number of companies available in Buenaventura Lakes, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Buenaventura Lakes, FL Solar Cost FAQs
How much does it cost to install solar panels in Buenaventura Lakes?
The average cost of solar panels in Buenaventura Lakes is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 get between 20 and 35 panels to account for 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.