Solar Panel Cost Guide in Goulding, FL (2023 Update)
- Goulding Solar Installation Cost: $10,307
- 25-Year Savings: $25,531
- Payback Period: 7.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Goulding
We break down average solar pricing in Goulding.
The average cost of a solar panel system in Goulding is 2.53 per watt. To account for the typical energy usage of the average home in Goulding, most homeowners require a 5.8-kilowatt system. Using the figure above, a solar installation costs about $10,307, or $14,739 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Goulding homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $23,000 on power bills over 20 years, many homeowners in Goulding find installing solar panels can be quite rewarding.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Goulding
| Year | Return on Investment |
|---|---|
| 1 years | $-8,874 |
| 3 years | $-6,007 |
| 5 years | $-3,140 |
| 7 years | $-273 |
| 9 years | $2,595 |
| 11 years | $5,462 |
| 13 years | $8,329 |
| 15 years | $11,196 |
| 17 years | $14,063 |
| 19 years | $16,930 |
| 21 years | $19,797 |
| 23 years | $22,664 |
| 25 years | $25,531 |
Top Solar Installers in Goulding
When going solar, many homeowners choose to go with a solar company since installing solar panels yourself can be a difficult project. Plus, if you're not certain what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Goulding
Factors that Affect Solar Panel Costs in Goulding
There are many factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,530. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Goulding homeowners choose to finance their solar panel systems to make going solar more affordable. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Goulding have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $25,911 | 7.5 years |
| 8 kW | $2.58 | $14,451 | $34,831 | 7.3 years |
| 10 kW | $2.53 | $17,710 | $43,893 | 7.2 years |
| 12 kW | $2.48 | $20,827 | $53,097 | 7.0 years |
| 14 kW | $2.43 | $23,802 | $62,442 | 6.9 years |
| 16 kW | $2.38 | $26,636 | $71,929 | 6.8 years |
| 18 kW | $2.33 | $29,328 | $81,558 | 6.6 years |
| 20 kW | $2.28 | $31,878 | $91,328 | 6.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The type of solar panel you need to install plays a part in which installer you should opt for, since different companies have access to different panels.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Goulding, FL Solar Cost FAQs
What is the average cost of installing solar panels in Goulding?
The average cost of solar panels in Goulding 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Goulding?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Goulding have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility 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 Goulding?
Even though 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 once you've had 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.