Solar Panel Cost Guide in Daytona Beach, FL (2025 Update)
- Daytona Beach Solar Installation Cost: $12,298
- 25-Year Savings: $19,466
- Payback Period: 10.5 Years
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Average Cost of Solar Panels in Daytona Beach
We break down average solar pricing in Daytona Beach.
The average cost of a solar system in Daytona Beach is 3 per watt.The average Daytona Beach homeowner needs a 5.5-kilowatt system, which would cost about $12,298 with the federal tax credit, or $17,586 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Daytona Beach homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $20,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Daytona Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-10,924 |
| 3 years | $-8,177 |
| 5 years | $-5,430 |
| 7 years | $-2,683 |
| 9 years | $65 |
| 11 years | $2,812 |
| 13 years | $5,559 |
| 15 years | $8,306 |
| 17 years | $11,054 |
| 19 years | $13,801 |
| 21 years | $16,548 |
| 23 years | $19,295 |
| 25 years | $22,043 |
Top Solar Installers in Daytona Beach
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar company can make switching to solar power much easier. Solar warranties and repairs are typically included in the cost of installation when you go with a solar company too, which can save you more money over time.
If you're looking for a solar company in Daytona Beach, we've compiled a list of our top suggestions here:
See all of the solar companies in Daytona Beach
Factors that Affect Solar Panel Costs in Daytona Beach
The cost of installing a solar system in Daytona Beach can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,210. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Daytona Beach average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Daytona Beach, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.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 upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence your pricing. Daytona Beach’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $17,945 | 11.0 years |
| 8 kW | $3.27 | $18,336 | $24,286 | 10.8 years |
| 10 kW | $3.21 | $22,470 | $30,807 | 10.5 years |
| 12 kW | $3.15 | $26,425 | $37,507 | 10.3 years |
| 14 kW | $3.08 | $30,200 | $44,388 | 10.1 years |
| 16 kW | $3.02 | $33,795 | $51,448 | 9.9 years |
| 18 kW | $2.95 | $37,210 | $58,688 | 9.7 years |
| 20 kW | $2.89 | $40,446 | $66,107 | 9.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Daytona Beach, 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:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should go with, since different companies have different panels.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
EcoWatch's Daytona Beach, FL Solar Cost FAQs
What is the average cost of installing solar panels in Daytona Beach?
The average cost of solar panels in Daytona Beach is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Daytona Beach?
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 way to go if you want to maximize your savings.
How will solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Daytona Beach is currently $262,115, so you can look forward to a value of about $10,747 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Daytona Beach is a rewarding investment.
How long do solar panels last in Daytona Beach?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.