Solar Panel Cost Guide in June Park, FL (2023 Update)
- June Park Solar Installation Cost: $8,923
- 25-Year Savings: $21,780
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in June Park
Find out what the average cost of a solar system is in June Park.
The national average cost of solar panels is $2.66 per watt, but in June Park it's 2.53 per watt. To account for the typical energy needs of the average home in June Park, most homeowners require a 5.0-kilowatt system. Using the figure above, a solar installation costs about $8,926, or $12,764 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $23,000 over 20 years on utility bills.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in June Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,821 |
| 3 years | $-8,616 |
| 5 years | $-8,411 |
| 7 years | $-8,207 |
| 9 years | $-8,002 |
| 11 years | $-7,797 |
| 13 years | $-7,593 |
| 15 years | $-7,388 |
| 17 years | $-7,183 |
| 19 years | $-6,978 |
| 21 years | $-6,774 |
| 23 years | $-6,569 |
| 25 years | $-6,364 |
Top Solar Installers in June Park
When making the switch to solar, many homeowners opt to go with a solar company since DIY solar panel installation can be a time-consuming project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a licensed solar company can make going solar easier. 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 June Park
Factors that Affect Solar Panel Costs in June Park
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in June Park: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in June Park, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $2,530 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many June Park homeowners decide to finance their solar panel systems to offset upfront costs. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in June Park is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that provide a range of services at different costs. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $25,512 | 7.6 years |
| 8 kW | $2.58 | $14,451 | $34,299 | 7.4 years |
| 10 kW | $2.53 | $17,710 | $43,228 | 7.3 years |
| 12 kW | $2.48 | $20,827 | $52,299 | 7.1 years |
| 14 kW | $2.43 | $23,802 | $61,511 | 7.0 years |
| 16 kW | $2.38 | $26,636 | $70,865 | 6.8 years |
| 18 kW | $2.33 | $29,328 | $80,361 | 6.7 years |
| 20 kW | $2.28 | $31,878 | $89,998 | 6.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The model of solar panel you want plays a part in which company you should go with, since different companies offer different panels.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 June Park, FL Solar Cost FAQs
What is the average cost of installing solar panels in June Park?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my property value?
Solar panels can increase the value of your home remarkably 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% after installing a solar system."
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.