Solar Panel Cost Guide in Callaway, FL (2024 Update)
- Callaway Solar Installation Cost: $12,844
- 25-Year Savings: $25,722
- Payback Period: 9.0 Years
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Average Cost of Solar Panels in Callaway
Find out how much it might cost to switch to solar power in Callaway.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Callaway, the average cost of a solar system is 3 per watt.To account for the typical energy usage of the average home in Callaway, most homeowners require a 5.7-kilowatt system. Using the figure above, a solar installation costs around $12,844, or $18,367 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you want to go with.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $24,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Callaway for a quote for your home.
Solar savings over time in Callaway
| Year | Return on Investment |
|---|---|
| 1 years | $-10,849 |
| 3 years | $-6,858 |
| 5 years | $-2,867 |
| 7 years | $1,123 |
| 9 years | $5,114 |
| 11 years | $9,105 |
| 13 years | $13,095 |
| 15 years | $17,086 |
| 17 years | $21,077 |
| 19 years | $25,067 |
| 21 years | $29,058 |
| 23 years | $33,049 |
| 25 years | $37,039 |
Top Solar Installers in Callaway
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make swapping over to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you pick which one will be right for your family.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Callaway
Factors that Affect Solar Panel Costs in Callaway
There are several factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,210. The brand of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Callaway offer solar loans, which reduce the initial cost of installing a solar system.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 a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect how much it costs. Callaway’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more 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 | $3.34 | $14,021 | $23,604 | 9.3 years |
| 8 kW | $3.27 | $18,336 | $31,831 | 9.1 years |
| 10 kW | $3.21 | $22,470 | $40,239 | 9.0 years |
| 12 kW | $3.15 | $26,425 | $48,826 | 8.8 years |
| 14 kW | $3.08 | $30,200 | $57,593 | 8.6 years |
| 16 kW | $3.02 | $33,795 | $66,539 | 8.4 years |
| 18 kW | $2.95 | $37,210 | $75,665 | 8.2 years |
| 20 kW | $2.89 | $40,446 | $84,972 | 8.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which installer you should choose, since different companies provide different panels.
- Contract: Before you sign a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
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 Callaway, FL Solar Cost FAQs
How much does it cost to install solar panels in Callaway?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Callaway have a net metering program?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.