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.
In Eustis, solar panels cost about 3 per watt on average.Using this figure, a typical 5.6-kW system would cost about $12,571 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with.Many homeowners find going solar is a sound investment. The average homeowner in Eustis can save around $24,000 on their electricity bills over 20 years.
To receive a free quote from a top solar installation company in Eustis, you can click the button below.
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 company since trying to install solar panels by yourself can be a lot of work. Another benefit of working with a solar company is that they can help you optimize your ROI by lowering your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
You can get a free estimate 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
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Eustis
Factors that Affect Solar Panel Costs in Eustis
While the average cost of a solar system in Eustis is $12,571, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Eustis, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Eustis homeowners decide to finance their solar panel systems to offset upfront costs.Even though solar loans make going solar more accessible for Eustis homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Eustis, FL Solar Cost FAQs
What is the average cost of installing solar panels in Eustis?
This is a tough question to answer precisely, 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Eustis?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger amount 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.