Solar Panel Cost Guide in Maitland, FL (2023 Update)
- Maitland Solar Installation Cost: $9,695
- 25-Year Savings: $20,881
- Payback Period: 7.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Maitland
We go over average solar pricing in Maitland.
The average cost of a solar panel system in Maitland is 2.53 per watt. To cover the typical energy needs of the average home in Maitland, most homeowners require a 5.5-kilowatt system. Using the figure above, a solar installation costs around $9,687, or $13,852 before the federal solar tax credit of 30% is applied.
The true price you pay can be higher or lower than the average in Maitland based on a few factors, such as the model of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Maitland see about $21,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Maitland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,064 |
| 3 years | $-4,802 |
| 5 years | $-1,539 |
| 7 years | $1,723 |
| 9 years | $4,986 |
| 11 years | $8,248 |
| 13 years | $11,510 |
| 15 years | $14,773 |
| 17 years | $18,035 |
| 19 years | $21,298 |
| 21 years | $24,560 |
| 23 years | $27,823 |
| 25 years | $31,085 |
Top Solar Installers in Maitland
Many homeowners choose to hire a solar installer since trying to install solar panels by yourself can be time-consuming. Some solar companies, especially local ones, can help you take advantage of incentives in Maitland, therefore optimizing your ROI.
Working with a professional solar installer can help your solar project go smoothly. 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 Maitland
Factors that Affect Solar Panel Costs in Maitland
For many Maitland homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Maitland, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,530. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Maitland average.
Solar Financing Terms
Many homeowners find the average cost of solar in Maitland to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices 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 final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Maitland, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Maitland know more 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 | $2.63 | $11,051 | $22,460 | 8.2 years |
| 8 kW | $2.58 | $14,451 | $30,231 | 8.1 years |
| 10 kW | $2.53 | $17,710 | $38,142 | 7.9 years |
| 12 kW | $2.48 | $20,827 | $46,196 | 7.8 years |
| 14 kW | $2.43 | $23,802 | $54,391 | 7.6 years |
| 16 kW | $2.38 | $26,636 | $62,728 | 7.5 years |
| 18 kW | $2.33 | $29,328 | $71,207 | 7.3 years |
| 20 kW | $2.28 | $31,878 | $79,827 | 7.1 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- 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.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
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 Maitland, FL Solar Cost FAQs
How much does it cost to install solar panels in Maitland?
The average cost of solar panels in Maitland is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Maitland?
A solar panel system isn't free in Maitland, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,117.05 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know 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.