Solar Panel Cost Guide in Goldenrod, FL (2024 Update)
- Goldenrod Solar Installation Cost: $12,432
- 25-Year Savings: $20,980
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Goldenrod
We go over average solar pricing in Goldenrod.
The national average cost of solar panels is $2.66 per watt, but in Goldenrod it’s 3 per watt.The average solar panel system size in Goldenrod is around 5.5 kilowatts, meaning a cost of about $12,432 for a solar installation, or $17,778 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more.With average savings of about $21,000 on energy bills over 20 years, many homeowners in Goldenrod find going solar has a decent ROI.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Goldenrod
| Year | Return on Investment |
|---|---|
| 1 years | $-10,791 |
| 3 years | $-7,509 |
| 5 years | $-4,227 |
| 7 years | $-945 |
| 9 years | $2,338 |
| 11 years | $5,620 |
| 13 years | $8,902 |
| 15 years | $12,184 |
| 17 years | $15,466 |
| 19 years | $18,748 |
| 21 years | $22,030 |
| 23 years | $25,312 |
| 25 years | $28,595 |
Top Solar Installers in Goldenrod
Trying to put up solar panels by yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. Another perk of working with a solar installer is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Goldenrod
Factors that Affect Solar Panel Costs in Goldenrod
Though the average cost of a solar system in Goldenrod is $12,432, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Goldenrod, 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 overall cost can increase by about $3,210 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Goldenrod, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Goldenrod, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can impact how much you pay. Goldenrod’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $19,357 | 10.5 years |
| 8 kW | $3.27 | $18,336 | $26,169 | 10.3 years |
| 10 kW | $3.21 | $22,470 | $33,160 | 10.1 years |
| 12 kW | $3.15 | $26,425 | $40,332 | 9.9 years |
| 14 kW | $3.08 | $30,200 | $47,683 | 9.7 years |
| 16 kW | $3.02 | $33,795 | $55,214 | 9.5 years |
| 18 kW | $2.95 | $37,210 | $62,924 | 9.3 years |
| 20 kW | $2.89 | $40,446 | $70,815 | 9.1 years |
How to Save on Solar Panels
There are many companies available in Goldenrod, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
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 Goldenrod, FL Solar Cost FAQs
What is the average cost of installing solar panels in Goldenrod?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,112.61 per year.
How long do solar panels last in Goldenrod?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.