Solar Panel Cost Guide in Fern Park, FL (2023 Update)
- Fern Park Solar Installation Cost: $9,900
- 25-Year Savings: $20,955
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fern Park
Find out what the average cost of a solar system is in Fern Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fern Park, the average cost of solar panels is 2.53 per watt. Since a 5.6-kW system is needed to cover the energy needs of a typical home in Fern Park, the average price of going solar will be about $9,900 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what solar installer you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $21,000 over 20 years on power bills.
To get a free estimate from a vetted solar company in Fern Park, you can click the button below.
Solar savings over time in Fern Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,666 |
| 3 years | $-6,197 |
| 5 years | $-3,729 |
| 7 years | $-1,261 |
| 9 years | $1,208 |
| 11 years | $3,676 |
| 13 years | $6,145 |
| 15 years | $8,613 |
| 17 years | $11,081 |
| 19 years | $13,550 |
| 21 years | $16,018 |
| 23 years | $18,486 |
| 25 years | $20,955 |
Top Solar Installers in Fern Park
Many homeowners opt for a solar panel installer since trying to install solar panels by yourself can be challenging. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar contractor as well, which can save you more money after your upfront investment.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Fern Park:
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 Fern Park
Factors that Affect Solar Panel Costs in Fern Park
Even though the average cost of a solar system in Fern Park is $9,900, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Fern Park, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,530 for each additional kilowatt you need. The kind of 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, more efficient panels could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Fern Park average.
Solar Financing Terms
Most solar installers in Fern Park offer solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that has the products, warranties and services you want and also fit into 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 | $22,053 | 8.3 years |
| 8 kW | $2.58 | $14,451 | $29,688 | 8.2 years |
| 10 kW | $2.53 | $17,710 | $37,464 | 8.0 years |
| 12 kW | $2.48 | $20,827 | $45,382 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $53,441 | 7.7 years |
| 16 kW | $2.38 | $26,636 | $61,642 | 7.5 years |
| 18 kW | $2.33 | $29,328 | $69,985 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $78,470 | 7.2 years |
How to Save on Solar Panels
There are numerous companies available in Fern Park, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
- Warranty: If you're concerned about the durability of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Fern Park, FL Solar Cost FAQs
How much does it cost to install solar panels in Fern Park?
The average cost of solar panels in Fern Park is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Fern Park?
You can't get solar panels for free in Fern Park. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fern Park is currently $276,196, which means you can expect a value of about $11,324 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Fern Park is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 household 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.