Solar Panel Cost Guide in Callaway, FL (2023 Update)
- Callaway Solar Installation Cost: $10,123
- 25-Year Savings: $25,722
- Payback Period: 7.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Callaway
See how much it might cost to switch to solar power in Callaway.
While the national average of solar panels is $2.66 per watt, solar panels in Callaway generally cost around 2.53. To cover the typical energy needs of the average home in Callaway, most homeowners require a 5.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,130, or $14,486 before the federal solar tax credit of 30% is applied.
These figures are just averages, and how much solar costs for you will most likely differ based on your specific situation and what company you go with. Even with the high initial cost, the average Callaway homeowner can save about $24,000 on their energy bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a vetted solar company in Callaway, you can click the button below.
Solar savings over time in Callaway
| Year | Return on Investment |
|---|---|
| 1 years | $-10,004 |
| 3 years | $-9,765 |
| 5 years | $-9,526 |
| 7 years | $-9,287 |
| 9 years | $-9,048 |
| 11 years | $-8,809 |
| 13 years | $-8,570 |
| 15 years | $-8,331 |
| 17 years | $-8,092 |
| 19 years | $-7,853 |
| 21 years | $-7,614 |
| 23 years | $-7,375 |
| 25 years | $-7,136 |
Top Solar Installers in Callaway
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make your swap to solar power much easier. Some solar companies, particularly local ones, can help you better understand incentives in Callaway, therefore optimizing your ROI.
If you're looking for a solar company in Callaway, 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
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 Callaway
Factors that Affect Solar Panel Costs in Callaway
The cost of installing a solar system in Callaway can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,530. The type of 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. However, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Callaway average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Callaway, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to 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 | $2.63 | $11,051 | $26,574 | 7.3 years |
| 8 kW | $2.58 | $14,451 | $35,716 | 7.2 years |
| 10 kW | $2.53 | $17,710 | $44,999 | 7.1 years |
| 12 kW | $2.48 | $20,827 | $54,424 | 6.9 years |
| 14 kW | $2.43 | $23,802 | $63,990 | 6.8 years |
| 16 kW | $2.38 | $26,636 | $73,698 | 6.6 years |
| 18 kW | $2.33 | $29,328 | $83,548 | 6.5 years |
| 20 kW | $2.28 | $31,878 | $93,540 | 6.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
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 Callaway, FL Solar Cost FAQs
How much does it cost to install solar panels in Callaway?
This is a hard question to answer exactly, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Callaway?
Solar panels aren't free in Callaway, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will having solar panels impact the value of my home?
Solar panels can increase your property's value considerably 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 a solar system."
How long do solar panels last in Callaway?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.