Solar Panel Cost Guide in Egypt Lake-Leto, FL (2024 Update)
- Egypt Lake-Leto Solar Installation Cost: $12,394
- 25-Year Savings: $16,463
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Egypt Lake-Leto
Find out what the average cost of installing solar panels is in Egypt Lake-Leto.
In Egypt Lake-Leto, solar panels cost about 3 per watt on average.The average solar panel system size in Egypt Lake-Leto 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.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary based on a few factors, such as how many panels you need, your energy usage and what company you go with.Even with the large initial cost, the average Egypt Lake-Leto homeowner can save around $19,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar panel company in Egypt Lake-Leto for a customized estimate.
Solar savings over time in Egypt Lake-Leto
| Year | Return on Investment |
|---|---|
| 1 years | $-11,069 |
| 3 years | $-8,418 |
| 5 years | $-5,767 |
| 7 years | $-3,116 |
| 9 years | $-466 |
| 11 years | $2,185 |
| 13 years | $4,836 |
| 15 years | $7,486 |
| 17 years | $10,137 |
| 19 years | $12,788 |
| 21 years | $15,439 |
| 23 years | $18,089 |
| 25 years | $20,740 |
Top Solar Installers in Egypt Lake-Leto
Trying to put up solar panels yourself can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t sure which solar system 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 Egypt Lake-Leto
Factors that Affect Solar Panel Costs in Egypt Lake-Leto
There are several factors that can influence your solar system 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
When it comes to estimating the cost of a solar panel system in Egypt Lake-Leto, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by around $3,210 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Egypt Lake-Leto to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $14,513 | 12.3 years |
| 8 kW | $3.27 | $18,336 | $19,710 | 12.0 years |
| 10 kW | $3.21 | $22,470 | $25,087 | 11.8 years |
| 12 kW | $3.15 | $26,425 | $30,643 | 11.6 years |
| 14 kW | $3.08 | $30,200 | $36,380 | 11.3 years |
| 16 kW | $3.02 | $33,795 | $42,296 | 11.1 years |
| 18 kW | $2.95 | $37,210 | $48,392 | 10.9 years |
| 20 kW | $2.89 | $40,446 | $54,667 | 10.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Egypt Lake-Leto, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you’d like plays a role in which installer you should opt for, since different companies have access to different panels.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: If you’re concerned about the longevity of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
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 Egypt Lake-Leto, FL Solar Cost FAQs
What is the average cost of installing solar panels in Egypt Lake-Leto?
The average cost of solar panels in Egypt Lake-Leto 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Egypt Lake-Leto?
A solar panel system isn’t free in Egypt Lake-Leto, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on electricity bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Egypt Lake-Leto, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.