Solar Panel Cost Guide in Ensley, FL (2023 Update)
- Ensley Solar Installation Cost: $10,303
- 25-Year Savings: $25,447
- Payback Period: 7.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ensley
We go over average solar pricing in Ensley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ensley, the average cost of a solar system is 2.53 per watt. Because a 5.8-kW system is needed to cover the energy usage of a typical home in Ensley, the average price of going solar will be about $10,307 after claiming the federal solar tax credit of 30%.
How much you pay can go higher or lower than the average in Ensley depending on several factors, such as the type of solar panels you choose and the solar installer you hire. With average savings of about $23,000 on utility bills over 20 years, many homeowners in Ensley find investing in solar can pay off big.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Ensley
| Year | Return on Investment |
|---|---|
| 1 years | $-10,184 |
| 3 years | $-9,945 |
| 5 years | $-9,707 |
| 7 years | $-9,469 |
| 9 years | $-9,230 |
| 11 years | $-8,992 |
| 13 years | $-8,754 |
| 15 years | $-8,515 |
| 17 years | $-8,277 |
| 19 years | $-8,039 |
| 21 years | $-7,800 |
| 23 years | $-7,562 |
| 25 years | $-7,324 |
Top Solar Installers in Ensley
Although it's possible to install solar panels yourself, it involves extra effort and handiness. For that reason, the majority of homeowners choose to go with a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for you.
If you're searching for a solar installer in Ensley, we've compiled a list of our top suggestions here:
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 Ensley
Factors that Affect Solar Panel Costs in Ensley
For many Ensley homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Ensley, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,530 per kilowatt in Ensley. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Ensley average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Ensley homeowners opt to finance their solar panel systems to make going solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Ensley, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $25,819 | 7.5 years |
| 8 kW | $2.58 | $14,451 | $34,709 | 7.3 years |
| 10 kW | $2.53 | $17,710 | $43,741 | 7.2 years |
| 12 kW | $2.48 | $20,827 | $52,914 | 7.1 years |
| 14 kW | $2.43 | $23,802 | $62,229 | 6.9 years |
| 16 kW | $2.38 | $26,636 | $71,685 | 6.8 years |
| 18 kW | $2.33 | $29,328 | $81,283 | 6.6 years |
| 20 kW | $2.28 | $31,878 | $91,023 | 6.5 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- 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 significant role in the company you hire.
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 Ensley, FL Solar Cost FAQs
How much does it cost to install solar panels in Ensley?
The average cost of solar panels in Ensley is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 buy between 20 and 35 panels to cover 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.