Solar Panel Cost Guide in Deland, FL (Mar 2023)
- Deland Solar Installation Cost: $9,687
- 25-Year Savings: $21,466
- Payback Period: 7.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Deland
Here's how much it might cost to switch to solar power in Deland.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Deland, the average cost of solar panels is 2.53 per watt. To account for the typical energy usage of the average home in Deland, 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.
The true price you pay can go above or below the average in Deland depending on several factors, such as the kind of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $22,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Deland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,441 |
| 3 years | $-5,949 |
| 5 years | $-3,457 |
| 7 years | $-964 |
| 9 years | $1,528 |
| 11 years | $4,020 |
| 13 years | $6,512 |
| 15 years | $9,005 |
| 17 years | $11,497 |
| 19 years | $13,989 |
| 21 years | $16,482 |
| 23 years | $18,974 |
| 25 years | $21,466 |
Top Solar Installers in Deland
When making the switch to solar, many homeowners decide to go with a solar company since putting up solar panels yourself can be a difficult project. 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 installation and sometimes even information on local incentives and net metering programs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Deland
Factors that Affect Solar Panel Costs in Deland
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Deland: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar 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 pay around $2,530 per kilowatt in Deland. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Deland, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Deland homeowners choose to finance their solar panel systems to offset upfront costs. 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 reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Companies that 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 decide on the company that has the products, warranties and services you want and also is 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 | $23,102 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,086 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,212 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,479 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,888 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,439 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $73,131 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,965 | 7.0 years |
How to Save on Solar Panels
The solar panel company you go with 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 keep in mind, such as:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Deland, FL Solar Cost FAQs
What is the average cost of installing solar panels in Deland?
This is a difficult question to answer precisely, because the cost depends on many 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Deland?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Deland?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Deland?
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 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.