Solar Panel Cost Guide in Jasmine Estates, FL (2024 Update)
- Jasmine Estates Solar Installation Cost: $12,515
- 25-Year Savings: $31,854
- Payback Period: 9.3 Years
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Average Cost of Solar Panels in Jasmine Estates
See how much it might cost to go solar in Jasmine Estates.
In Jasmine Estates, solar panels cost about 3 per watt on average.The average solar panel system size in Jasmine Estates is around 5.6 kilowatts, meaning a cost of about $12,515 for a solar installation, or $17,896 before the 0 federal solar tax credit is applied.
The actual price you pay can go above or below the average in Jasmine Estates based on several factors, such as the brand of solar panels you choose and the solar installer you hire.Even with the large upfront cost, the average Jasmine Estates homeowner can save around $24,000 on their electricity bills over 20 years, which is one of the positives of solar.
To get a free quote from a vetted solar company in Jasmine Estates, you can click the button below.
Solar savings over time in Jasmine Estates
Year | Return on Investment |
---|---|
1 years | $-10,740 |
3 years | $-7,191 |
5 years | $-3,641 |
7 years | $-92 |
9 years | $3,458 |
11 years | $7,007 |
13 years | $10,557 |
15 years | $14,107 |
17 years | $17,656 |
19 years | $21,206 |
21 years | $24,755 |
23 years | $28,305 |
25 years | $31,854 |
Top Solar Installers in Jasmine Estates
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar company can make converting to solar power much easier. In addition, if you’d like to maximize your investment in solar, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Jasmine Estates
Factors that Affect Solar Panel Costs in Jasmine Estates
For many Jasmine Estates homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Jasmine Estates, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Jasmine Estates, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Jasmine Estates homeowners choose to finance their solar panel systems to offset upfront costs.While solar loans make adopting solar energy more accessible for Jasmine Estates homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Jasmine Estates, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $22,359 | 9.6 years |
8 kW | $3.27 | $18,336 | $30,171 | 9.4 years |
10 kW | $3.21 | $22,470 | $38,164 | 9.3 years |
12 kW | $3.15 | $26,425 | $46,336 | 9.1 years |
14 kW | $3.08 | $30,200 | $54,688 | 8.9 years |
16 kW | $3.02 | $33,795 | $63,219 | 8.7 years |
18 kW | $2.95 | $37,210 | $71,930 | 8.5 years |
20 kW | $2.89 | $40,446 | $80,821 | 8.3 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: If you care about the endurance of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Jasmine Estates, FL Solar Cost FAQs
How much does it cost to install solar panels in Jasmine Estates?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Jasmine Estates?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.