Solar Panel Cost Guide in DeBary, FL (2023 Update)
- DeBary Solar Installation Cost: $9,693
- 25-Year Savings: $21,096
- Payback Period: 7.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in DeBary
Here's how much it might cost to install solar panels in DeBary.
The national average cost of solar panels is $2.66 per watt, but in DeBary it's 2.53 per watt. To account for the typical energy needs of the average home in DeBary, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,687, or $13,852 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of DeBary 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. Many homeowners find adopting solar power is a solid investment. The average homeowner in DeBary can save around $21,000 on their electricity bills over 20 years.
To get a free estimate from a top solar installation company in DeBary, you can click the button below.
Solar savings over time in DeBary
| Year | Return on Investment |
|---|---|
| 1 years | $-8,319 |
| 3 years | $-5,572 |
| 5 years | $-2,825 |
| 7 years | $-77 |
| 9 years | $2,670 |
| 11 years | $5,417 |
| 13 years | $8,164 |
| 15 years | $10,912 |
| 17 years | $13,659 |
| 19 years | $16,406 |
| 21 years | $19,153 |
| 23 years | $21,901 |
| 25 years | $24,648 |
Top Solar Installers in DeBary
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your upfront investment.
You can get a free estimate 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
See all of the solar companies in DeBary
Factors that Affect Solar Panel Costs in DeBary
There are several factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,530. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like DeBary, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in DeBary, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your overall costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in DeBary is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that provides the products, warranties and services you want and also fits within your budget.
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 | $22,702 | 8.2 years |
| 8 kW | $2.58 | $14,451 | $30,553 | 8.0 years |
| 10 kW | $2.53 | $17,710 | $38,546 | 7.9 years |
| 12 kW | $2.48 | $20,827 | $46,680 | 7.7 years |
| 14 kW | $2.43 | $23,802 | $54,956 | 7.6 years |
| 16 kW | $2.38 | $26,636 | $63,373 | 7.4 years |
| 18 kW | $2.33 | $29,328 | $71,932 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $80,633 | 7.1 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
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 DeBary, FL Solar Cost FAQs
How much does it cost to install solar panels in DeBary?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does DeBary have a net metering program?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can 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.