Solar Panel Cost Guide in Leisure City, FL (2023 Update)
- Leisure City Solar Installation Cost: $9,419
- 25-Year Savings: $19,488
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Leisure City
We break down average solar pricing in Leisure City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Leisure City, the typical cost of a solar system is 2.53 per watt. To account for the typical energy needs of the average home in Leisure City, most homeowners require a 5.3-kilowatt system. Using the figure above, a solar installation costs about $9,422, or $13,473 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and the cost of going solar for you will look different based on your energy needs and what company you want to go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $21,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar installer in Leisure City that can help you get a more accurate cost estimate for your home.
Solar savings over time in Leisure City
| Year | Return on Investment |
|---|---|
| 1 years | $-8,045 |
| 3 years | $-5,298 |
| 5 years | $-2,551 |
| 7 years | $197 |
| 9 years | $2,944 |
| 11 years | $5,691 |
| 13 years | $8,438 |
| 15 years | $11,186 |
| 17 years | $13,933 |
| 19 years | $16,680 |
| 21 years | $19,427 |
| 23 years | $22,175 |
| 25 years | $24,922 |
Top Solar Installers in Leisure City
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. 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 power, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
You can work with a local solar installer to get a free estimate 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
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 Leisure City
Factors that Affect Solar Panel Costs in Leisure City
For many Leisure City homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Leisure City, 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 key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,530. The brand and type of equipment you want 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 limited roof space 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
Most solar companies in Leisure City have solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your overall costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Leisure City is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that has the products, warranties and services you want and also fits 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 | $2.63 | $11,051 | $21,561 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $29,031 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,644 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,397 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,293 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,330 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,509 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,829 | 7.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
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 Leisure City, FL Solar Cost FAQs
How much does it cost to install solar panels in Leisure City?
This is a hard question to answer precisely, 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Leisure City?
Solar panels aren't free in Leisure City, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Leisure City is currently $239,691, which means you can look forward to a value of about $9,827 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Leisure City is a worthwhile investment.
How often do you have to replace solar panels?
Although 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 their energy production will have decreased significantly after that point. You can decide to replace them after having 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.