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
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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:
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.
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.
EcoWatch's Goldenrod, FL Solar Cost FAQs
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.