Solar Panel Cost Guide in Horizon West, FL (Mar 2023)
- Horizon West Solar Installation Cost: $9,687
- 25-Year Savings: $20,463
- Payback Period: 8.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Horizon West
Let's take a look at the average cost of solar in Horizon West.
In Horizon West, solar panels cost about 2.53 per watt on average. Because a 5.5-kW system is needed to cover the energy usage of a typical home in Horizon West, the average price of going solar will be about $9,687 after claiming the federal solar tax credit of 30%.
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 use, the type of equipment you want, your solar contractor and more. With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Horizon West find investing in solar can be quite rewarding.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Horizon West
| Year | Return on Investment |
|---|---|
| 1 years | $-8,481 |
| 3 years | $-6,069 |
| 5 years | $-3,657 |
| 7 years | $-1,245 |
| 9 years | $1,167 |
| 11 years | $3,579 |
| 13 years | $5,991 |
| 15 years | $8,403 |
| 17 years | $10,815 |
| 19 years | $13,227 |
| 21 years | $15,639 |
| 23 years | $18,051 |
| 25 years | $20,463 |
Top Solar Installers in Horizon West
Trying to install solar panels by yourself can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for your family.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Horizon West
Factors that Affect Solar Panel Costs in Horizon West
There are several criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Horizon West, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,530 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Horizon West to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Horizon West, you'll have many options to choose from, but each comes at varying price points for labor and equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $21,994 | 8.4 years |
| 8 kW | $2.58 | $14,451 | $29,609 | 8.2 years |
| 10 kW | $2.53 | $17,710 | $37,365 | 8.0 years |
| 12 kW | $2.48 | $20,827 | $45,263 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $53,303 | 7.7 years |
| 16 kW | $2.38 | $26,636 | $61,484 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $69,807 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $78,272 | 7.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Horizon West, FL Solar Cost FAQs
How much does it cost to install solar panels in Horizon West?
The average cost of solar panels in Horizon West is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Horizon West?
Leasing solar panels can be an option if you can't afford to 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 home 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 financial benefits from going solar.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose 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."
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of 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 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.