Solar Panel Cost Guide in Citrus Hills, FL (2024 Update)
- Citrus Hills Solar Installation Cost: $12,573
- 25-Year Savings: $22,799
- Payback Period: 9.6 Years
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Average Cost of Solar Panels in Citrus Hills
Find out how much it might cost to make the switch to solar in Citrus Hills.
In Citrus Hills, solar panels cost about 3 per watt on average.The average solar panel system size in Citrus Hills is around 5.6 kilowatts, meaning a cost of about $12,573 for a solar installation, or $17,979 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Citrus Hills homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $23,000 on power bills over 20 years, many homeowners in Citrus Hills find installing solar panels can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Citrus Hills for a quote for your home.
Solar savings over time in Citrus Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-10,798 |
| 3 years | $-7,248 |
| 5 years | $-3,699 |
| 7 years | $-149 |
| 9 years | $3,400 |
| 11 years | $6,950 |
| 13 years | $10,499 |
| 15 years | $14,049 |
| 17 years | $17,599 |
| 19 years | $21,148 |
| 21 years | $24,698 |
| 23 years | $28,247 |
| 25 years | $31,797 |
Top Solar Installers in Citrus Hills
Many homeowners opt for a solar panel installer since installing solar panels yourself can be challenging. Another perk of working with a solar company is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Citrus Hills
Factors that Affect Solar Panel Costs in Citrus Hills
While the average cost of a solar system in Citrus Hills is $12,573, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Citrus Hills, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Citrus Hills, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
If paying for solar panels out of pocket is difficult, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect the cost. Citrus Hills’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Citrus Hills know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $21,053 | 10.0 years |
| 8 kW | $3.27 | $18,336 | $28,430 | 9.8 years |
| 10 kW | $3.21 | $22,470 | $35,987 | 9.6 years |
| 12 kW | $3.15 | $26,425 | $43,723 | 9.4 years |
| 14 kW | $3.08 | $30,200 | $51,640 | 9.2 years |
| 16 kW | $3.02 | $33,795 | $59,736 | 9.0 years |
| 18 kW | $2.95 | $37,210 | $68,012 | 8.8 years |
| 20 kW | $2.89 | $40,446 | $76,467 | 8.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Citrus Hills, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Warranty: If you’re worried about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Citrus Hills, FL Solar Cost FAQs
What is the average cost of installing solar panels in Citrus Hills?
This is a difficult question to answer precisely, 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. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Citrus Hills?
You can’t get solar panels for free in Citrus Hills. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Citrus Hills?
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 give you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.