Solar Panel Cost Guide in Eustis, FL (2024 Update)
- Eustis Solar Installation Cost: $12,571
- 25-Year Savings: $30,127
- Payback Period: 9.4 Years
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Average Cost of Solar Panels in Eustis
Find out what the average cost of installing solar panels is in Eustis.
The national average cost of solar panels is $2.66 per watt, but in Eustis it’s 3 per watt.Since a 5.6-kW system is needed to cover the energy consumption of a typical home in Eustis, the average price of going solar will be about $12,571 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Eustis can save around $24,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar installer in your area for a custom quote.
Solar savings over time in Eustis
| Year | Return on Investment |
|---|---|
| 1 years | $-10,863 |
| 3 years | $-7,448 |
| 5 years | $-4,032 |
| 7 years | $-616 |
| 9 years | $2,800 |
| 11 years | $6,216 |
| 13 years | $9,632 |
| 15 years | $13,048 |
| 17 years | $16,463 |
| 19 years | $19,879 |
| 21 years | $23,295 |
| 23 years | $26,711 |
| 25 years | $30,127 |
Top Solar Installers in Eustis
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be challenging. Local solar installers can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Eustis
Factors that Affect Solar Panel Costs in Eustis
For many Eustis homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Eustis, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,210. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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. Additionally, add-on products, like solar batteries, can bring your total well above the Eustis average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Eustis, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Eustis, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally 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 additional 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 | $21,806 | 9.8 years |
| 8 kW | $3.27 | $18,336 | $29,434 | 9.6 years |
| 10 kW | $3.21 | $22,470 | $37,242 | 9.4 years |
| 12 kW | $3.15 | $26,425 | $45,230 | 9.2 years |
| 14 kW | $3.08 | $30,200 | $53,398 | 9.0 years |
| 16 kW | $3.02 | $33,795 | $61,745 | 8.8 years |
| 18 kW | $2.95 | $37,210 | $70,272 | 8.7 years |
| 20 kW | $2.89 | $40,446 | $78,979 | 8.5 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Reputation: Solar companies 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: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: If you’re worried about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
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 Eustis, FL Solar Cost FAQs
How much does it cost to install solar panels in Eustis?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Eustis have a net metering program?
Each state has some kind 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 electricity bills.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.
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.