Solar Panel Cost Guide in High Springs, FL (2024 Update)
- High Springs Solar Installation Cost: $12,791
- 25-Year Savings: $21,056
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in High Springs
Let’s take a look at the average cost of solar in High Springs.
The average cost of a solar panel system in High Springs is 3 per watt.The average solar panel system size in High Springs is around 5.7 kilowatts, meaning a cost of about $12,791 for a solar installation, or $18,291 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary based on a few factors, such as what size system you need, your energy usage and what installation company you go with.Despite the large upfront cost, the average High Springs homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in High Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,193 |
| 3 years | $-7,997 |
| 5 years | $-4,801 |
| 7 years | $-1,605 |
| 9 years | $1,591 |
| 11 years | $4,786 |
| 13 years | $7,982 |
| 15 years | $11,178 |
| 17 years | $14,374 |
| 19 years | $17,570 |
| 21 years | $20,766 |
| 23 years | $23,962 |
| 25 years | $27,157 |
Top Solar Installers in High Springs
When switching to solar energy, many homeowners prefer to hire a solar company since putting up a solar system yourself can be a challenging project. Some solar companies, particularly local ones, can help you take advantage of incentives in High Springs, optimizing your ROI.
If you’d like to make the switch to solar but still aren’t certain which solar panel installer to go with, here are our suggestions for providers in High Springs:
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 High Springs
Factors that Affect Solar Panel Costs in High Springs
The cost of installing a solar system in High Springs can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, 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 High Springs average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in High Springs, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in High Springs are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $3.34 | $14,021 | $18,799 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,425 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $32,230 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $39,215 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $46,380 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,725 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $61,250 | 9.4 years |
| 20 kW | $2.89 | $40,446 | $68,954 | 9.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Reputation: Make sure your solar system installer 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 EcoWatch.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on 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 High Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in High Springs?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in High Springs?
You can’t get solar panels for free in High Springs. 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’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.