Solar Panel Cost Guide in Crestview, FL (2023 Update)
- Crestview Solar Installation Cost: $10,290
- 25-Year Savings: $22,719
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Crestview
Here's how much it might cost to switch to solar power in Crestview.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Crestview, the typical cost of a solar system is 2.53 per watt. The average solar panel system size in Crestview is around 5.8 kilowatts, meaning a cost of about $10,290 for a solar installation, or $14,715 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Crestview based on a few factors, such as the model of solar panels you choose and the solar contractor you hire. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $22,000 over 20 years on utility bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Crestview
| Year | Return on Investment |
|---|---|
| 1 years | $-8,969 |
| 3 years | $-6,328 |
| 5 years | $-3,688 |
| 7 years | $-1,047 |
| 9 years | $1,594 |
| 11 years | $4,234 |
| 13 years | $6,875 |
| 15 years | $9,516 |
| 17 years | $12,156 |
| 19 years | $14,797 |
| 21 years | $17,438 |
| 23 years | $20,078 |
| 25 years | $22,719 |
Top Solar Installers in Crestview
Many homeowners choose to hire a solar installation company since trying to install solar panels by yourself can be a labor-intensive endeavor. In addition, if you'd like to maximize your investment in solar energy, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
You can get a free quote from a local solar installer on how much your investment in solar could cost 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
See all of the solar companies in Crestview
Factors that Affect Solar Panel Costs in Crestview
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Crestview: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,530 per kilowatt in Crestview. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Crestview, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of 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
Most solar companies in Crestview have solar loans, which reduce the initial cost of installing solar. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $23,040 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,004 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,109 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,355 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,744 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,274 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $72,946 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,759 | 7.0 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
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 Crestview, FL Solar Cost FAQs
What is the average cost of installing solar panels in Crestview?
This is a tough question to answer precisely, 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Crestview?
A solar panel system isn't free in Crestview, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,136.37 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.