Solar Panel Cost Guide in Lealman, FL (2024 Update)
- Lealman Solar Installation Cost: $11,854
- 25-Year Savings: $25,783
- Payback Period: 8.4 Years
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Average Cost of Solar Panels in Lealman
Let’s have a look at the average cost of solar panels in Lealman.
The average cost of a solar panel system in Lealman is 3 per watt.Since a 5.3-kW system is needed to cover the energy costs of a typical home in Lealman, the average price of going solar will be about $11,854 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Lealman homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $27,000 on utility bills over 20 years, many homeowners in Lealman find going solar can be quite rewarding.
To get a free quote from a pre-vetted solar company in Lealman, you can click the button below.
Solar savings over time in Lealman
Year | Return on Investment |
---|---|
1 years | $-10,079 |
3 years | $-6,529 |
5 years | $-2,980 |
7 years | $570 |
9 years | $4,119 |
11 years | $7,669 |
13 years | $11,218 |
15 years | $14,768 |
17 years | $18,318 |
19 years | $21,867 |
21 years | $25,417 |
23 years | $28,966 |
25 years | $32,516 |
Top Solar Installers in Lealman
Trying to put up solar panels by yourself can be a stressful project, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be useful as well, particularly if you don’t quite know what kind of solar equipment would be right for your home.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our recommendations for providers in Lealman:
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 Lealman
Factors that Affect Solar Panel Costs in Lealman
There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of solar panels in Lealman, 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 consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Lealman, where sunlight is abundant, efficiency can quickly pay off. Also, 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 utility bills over time, but they can also be a big investment. That’s why many Lealman homeowners choose to finance their solar panel systems to make going solar more affordable.It’s wise to add 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 evaluate the cost of solar for your home or business in Lealman is the company you hire to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $25,929 | 8.8 years |
8 kW | $3.27 | $18,336 | $34,932 | 8.6 years |
10 kW | $3.21 | $22,470 | $44,114 | 8.4 years |
12 kW | $3.15 | $26,425 | $53,476 | 8.3 years |
14 kW | $3.08 | $30,200 | $63,018 | 8.1 years |
16 kW | $3.02 | $33,795 | $72,740 | 7.9 years |
18 kW | $2.95 | $37,210 | $82,641 | 7.8 years |
20 kW | $2.89 | $40,446 | $92,722 | 7.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
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 Lealman, FL Solar Cost FAQs
What is the average cost of installing solar panels in Lealman?
This is a hard 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Lealman?
You can’t get solar panels for free in Lealman. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Lealman?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.