Solar Panel Cost Guide in Leisure City, FL (2024 Update)
- Leisure City Solar Installation Cost: $11,950
- 25-Year Savings: $19,488
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Leisure City
Find out what the average cost of solar panel installation is in Leisure City.
In Leisure City, solar panels cost about 3 per watt on average.The average Leisure City homeowner needs a 5.3-kilowatt system, which would cost about $11,950 with the federal tax credit, or $17,088 before the 0 tax credit is applied.
These figures are only estimates, and how much solar costs for you will differ based on your energy needs and what company you choose to go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Leisure City see about $21,000 in savings on electricity bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Leisure City, you can click the button below.
Solar savings over time in Leisure City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,576 |
| 3 years | $-7,829 |
| 5 years | $-5,082 |
| 7 years | $-2,335 |
| 9 years | $412 |
| 11 years | $3,160 |
| 13 years | $5,907 |
| 15 years | $8,654 |
| 17 years | $11,401 |
| 19 years | $14,149 |
| 21 years | $16,896 |
| 23 years | $19,643 |
| 25 years | $22,390 |
Top Solar Installers in Leisure City
Trying to put up solar panels by yourself can be a difficult undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Leisure City:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 a solar energy system 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 greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,210. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Leisure City offer solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installer you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Leisure City are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $18,591 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,147 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $31,884 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $38,800 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $45,895 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,171 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,626 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $68,261 | 9.3 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline incentives and warranties.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which model 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 ask for their list of offerings before making your decision.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 tough question to answer exactly, because the cost depends on a few different factors. Generally 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.