Solar Panel Cost Guide in Maitland, FL (2024 Update)
- Maitland Solar Installation Cost: $12,301
- 25-Year Savings: $20,881
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Maitland
Find out what the average cost of a solar system is in Maitland.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Maitland, the average cost of solar panels is 3 per watt.To account for 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 about $12,301, or $17,590 before the federal solar tax credit of 0 is applied.
These figures are only averages, and the cost of going solar for you will differ based on factors unique to your home and what company you go with.Even with the large upfront cost, the average Maitland homeowner can save about $21,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar company in Maitland for a custom estimate.
Solar savings over time in Maitland
Year | Return on Investment |
---|---|
1 years | $-10,670 |
3 years | $-7,407 |
5 years | $-4,145 |
7 years | $-883 |
9 years | $2,380 |
11 years | $5,642 |
13 years | $8,905 |
15 years | $12,167 |
17 years | $15,429 |
19 years | $18,692 |
21 years | $21,954 |
23 years | $25,217 |
25 years | $28,479 |
Top Solar Installers in Maitland
Many homeowners choose to hire a solar installation company since figuring out how to install solar panels on your own can be hard. The payback period on an investment in solar panels will vary depending on factors like your location and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you’d like to go solar but still aren’t certain which solar system company to go with, here are our recommendations for providers nearby:
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 Maitland
Factors that Affect Solar Panel Costs in Maitland
For many Maitland homeowners, the decision to install solar panels 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 a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,210 per kilowatt in Maitland.The kind of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Maitland homeowners decide to finance their solar panel systems to make going solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect the cost. Maitland’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $19,490 | 10.5 years |
8 kW | $3.27 | $18,336 | $26,346 | 10.3 years |
10 kW | $3.21 | $22,470 | $33,382 | 10.1 years |
12 kW | $3.15 | $26,425 | $40,598 | 9.9 years |
14 kW | $3.08 | $30,200 | $47,994 | 9.7 years |
16 kW | $3.02 | $33,795 | $55,569 | 9.5 years |
18 kW | $2.95 | $37,210 | $63,324 | 9.3 years |
20 kW | $2.89 | $40,446 | $71,259 | 9.1 years |
How to Save on Solar Panels
The solar installer you go with 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 some important things you should consider, including:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should choose, since different companies have different panels.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Contract: Although 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.
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 Maitland, FL Solar Cost FAQs
How much does it cost to install solar panels in Maitland?
This is a difficult question to answer exactly, because the cost depends on many 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 above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Maitland?
You can’t get solar panels for free in Maitland. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.