Solar Panel Cost Guide in Goldenrod, FL (Feb 2023)

  • Goldenrod Solar Installation Cost: $9,794
  • 25-Year Savings: $20,985
  • Payback Period: 8.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Goldenrod

Let's take a look at the average cost of solar panels in Goldenrod.

In Goldenrod, solar panels cost about $3 per watt on average. Using this figure, a typical 5.5 would cost about $9,794 before the 30% federal solar tax credit is applied.

The actual price you pay can be above or below the average in Goldenrod based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Goldenrod can save about $21,000 on their electricity bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Goldenrod that can help you get a more accurate cost estimate for your home.

Solar savings over time in Goldenrod

Year Return on Investment
1 years $-8,562
3 years $-6,100
5 years $-3,638
7 years $-1,176
9 years $1,287
11 years $3,749
13 years $6,211
15 years $8,674
17 years $11,136
19 years $13,598
21 years $16,061
23 years $18,523
25 years $20,985

Top Solar Installers in Goldenrod

Many homeowners choose to use a solar installation company since installing solar panels on your own can be a lot of work. Another benefit of utilizing a solar installer is that they can help you maximize your return of investment by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.

If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

Even though the average cost of a solar system in Goldenrod is $9,794, 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 residential solar panel installation. Below are some of the more important things to take into consideration.

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 electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,530 per kilowatt in Goldenrod. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Goldenrod, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your total costs, so it's important to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Goldenrod, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut 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 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 $2.63 $11,051 $22,327 8.3 years
8 kW $2.58 $14,451 $30,053 8.1 years
10 kW $2.53 $17,710 $37,920 8.0 years
12 kW $2.48 $20,827 $45,929 7.8 years
14 kW $2.43 $23,802 $54,080 7.6 years
16 kW $2.38 $26,636 $62,373 7.5 years
18 kW $2.33 $29,328 $70,807 7.3 years
20 kW $2.28 $31,878 $79,383 7.2 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:

  • 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 large role in the company you go with.
  • Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
  • Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
  • Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra 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 thing to consider when buying solar panels?

Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.

Does Goldenrod have a net metering program?

Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces 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 long do solar panels last in Goldenrod?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide 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.

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