Solar Panel Cost Guide in Lake Lorraine, FL (2025 Update)
- Lake Lorraine Solar Installation Cost: $13,054
- 25-Year Savings: $25,550
- Payback Period: 9.1 Years
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Average Cost of Solar Panels in Lake Lorraine
See how much it might cost to install solar panels in Lake Lorraine.
While the national average of solar panels is $2.66 per watt, solar panels in Lake Lorraine typically cost around 3.The average solar panel system size in Lake Lorraine is around 5.8 kilowatts, meaning a cost of about $13,054 for a solar installation, or $18,667 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Lake Lorraine depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $23,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Lake Lorraine for a quote for your home.
Solar savings over time in Lake Lorraine
| Year | Return on Investment |
|---|---|
| 1 years | $-11,294 |
| 3 years | $-7,776 |
| 5 years | $-4,257 |
| 7 years | $-739 |
| 9 years | $2,780 |
| 11 years | $6,298 |
| 13 years | $9,817 |
| 15 years | $13,335 |
| 17 years | $16,854 |
| 19 years | $20,372 |
| 21 years | $23,891 |
| 23 years | $27,409 |
| 25 years | $30,928 |
Top Solar Installers in Lake Lorraine
Many homeowners decide to use a solar panel company since trying to install solar panels yourself can be a labor-intensive endeavor. The payback period on an investment in solar panels will vary depending on factors like your location and energy consumption, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Lake Lorraine:
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 Lake Lorraine
Factors that Affect Solar Panel Costs in Lake Lorraine
For many Lake Lorraine homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Lake Lorraine, 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
The cost of solar panel systems varies by thousands of dollars due to a few 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 need 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 $3,210.There are many different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Additionally, 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
Many homeowners find the average cost of solar in Lake Lorraine to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.It’s wise to include 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 back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Lake Lorraine, and each can charge varying amounts for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also is within your budget.
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 | $22,992 | 9.5 years |
| 8 kW | $3.27 | $18,336 | $31,016 | 9.3 years |
| 10 kW | $3.21 | $22,470 | $39,220 | 9.1 years |
| 12 kW | $3.15 | $26,425 | $47,603 | 8.9 years |
| 14 kW | $3.08 | $30,200 | $56,166 | 8.7 years |
| 16 kW | $3.02 | $33,795 | $64,908 | 8.6 years |
| 18 kW | $2.95 | $37,210 | $73,831 | 8.4 years |
| 20 kW | $2.89 | $40,446 | $82,933 | 8.2 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 choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: If you’re worried about the longevity of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Lake Lorraine, FL Solar Cost FAQs
How much does it cost to install solar panels in Lake Lorraine?
The average cost of solar panels in Lake Lorraine is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model 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 Lake Lorraine?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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.
Can you sell solar power back to the grid in Lake Lorraine?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get 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.