Solar Panel Cost Guide in Cheval, FL (2024 Update)
- Cheval Solar Installation Cost: $12,394
- 25-Year Savings: $20,910
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Cheval
Find out what the average cost of installing solar panels is in Cheval.
Although the national average of solar panels is $2.66 per watt, solar panels in Cheval generally cost about 3.To account for the typical energy needs of the average home in Cheval, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,394, or $17,723 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you choose, your solar contractor and more.But, after you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $22,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar installer in Cheval that can help you get a more accurate cost estimate for your home.
Solar savings over time in Cheval
| Year | Return on Investment |
|---|---|
| 1 years | $-10,619 |
| 3 years | $-7,070 |
| 5 years | $-3,520 |
| 7 years | $30 |
| 9 years | $3,579 |
| 11 years | $7,129 |
| 13 years | $10,678 |
| 15 years | $14,228 |
| 17 years | $17,777 |
| 19 years | $21,327 |
| 21 years | $24,877 |
| 23 years | $28,426 |
| 25 years | $31,976 |
Top Solar Installers in Cheval
When making the switch to solar, many homeowners prefer to go with a solar installation company since overseeing your solar installation yourself can be a difficult project. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a vetted solar company can make going solar easier. 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 Cheval
Factors that Affect Solar Panel Costs in Cheval
The cost of installing a solar system in Cheval 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 your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,210. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Cheval average.
Solar Financing Terms
Most solar companies in Cheval offer solar loans, which reduce the initial cost of installing solar panels.Although solar loans make switching to solar energy more accessible for Cheval homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Cheval, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $19,351 | 10.5 years |
| 8 kW | $3.27 | $18,336 | $26,160 | 10.3 years |
| 10 kW | $3.21 | $22,470 | $33,150 | 10.1 years |
| 12 kW | $3.15 | $26,425 | $40,319 | 9.9 years |
| 14 kW | $3.08 | $30,200 | $47,668 | 9.7 years |
| 16 kW | $3.02 | $33,795 | $55,197 | 9.5 years |
| 18 kW | $2.95 | $37,210 | $62,905 | 9.3 years |
| 20 kW | $2.89 | $40,446 | $70,794 | 9.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Cheval, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: If you’re concerned about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Cheval, FL Solar Cost FAQs
How much does it cost to install solar panels in Cheval?
This is a tough question to answer exactly, because the cost depends on a variety of 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. It will be more expensive if you want additional 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 less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
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 trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,112.40 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.