Solar Panel Cost Guide in Citrus Park, FL (2024 Update)
- Citrus Park Solar Installation Cost: $12,394
- 25-Year Savings: $19,320
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Citrus Park
Here’s how much it might cost to make the switch to solar in Citrus Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Citrus Park, the average cost of a solar system is 3 per watt.The average solar panel system size in Citrus Park is around 5.5 kilowatts, meaning a cost of about $12,394 for a solar installation, or $17,723 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you may look different based on the amount of energy your home requires and what company you go with.Even with the significant initial cost, the average Citrus Park homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar installer in Citrus Park that can help you get a more accurate cost estimate for your home.
Solar savings over time in Citrus Park
| Year | Return on Investment |
|---|---|
| 1 years | $-10,769 |
| 3 years | $-7,519 |
| 5 years | $-4,269 |
| 7 years | $-1,019 |
| 9 years | $2,231 |
| 11 years | $5,481 |
| 13 years | $8,731 |
| 15 years | $11,981 |
| 17 years | $15,231 |
| 19 years | $18,481 |
| 21 years | $21,731 |
| 23 years | $24,981 |
| 25 years | $28,231 |
Top Solar Installers in Citrus Park
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your switch to solar power much easier. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for your family.
If you’d like to switch to solar energy but still aren’t certain which solar company to go with, here are our recommendations for providers 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 Citrus Park
Factors that Affect Solar Panel Costs in Citrus Park
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Citrus Park: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
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 a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Citrus Park, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Citrus Park to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect your pricing. Citrus Park’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Citrus Park have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $17,621 | 11.1 years |
| 8 kW | $3.27 | $18,336 | $23,854 | 10.9 years |
| 10 kW | $3.21 | $22,470 | $30,267 | 10.7 years |
| 12 kW | $3.15 | $26,425 | $36,859 | 10.4 years |
| 14 kW | $3.08 | $30,200 | $43,632 | 10.2 years |
| 16 kW | $3.02 | $33,795 | $50,584 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $57,716 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $65,027 | 9.6 years |
How to Save on Solar Panels
The solar company you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
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 Citrus Park, FL Solar Cost FAQs
What is the average cost of installing solar panels in Citrus Park?
This is a tough question to answer precisely, because the cost depends on a few different 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 more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Citrus Park?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Citrus Park?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Citrus Park?
On average, solar panels can last 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 higher 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.