Solar Panel Cost Guide in Meadow Woods, FL (Jan 2023)
- Meadow Woods Solar Installation Cost: $9,687
- 25-Year Savings: $22,560
- Payback Period: 7.5 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Meadow Woods
We break down average solar pricing in Meadow Woods.
The average cost of a solar system in Meadow Woods is $3 per watt. The average solar panel system size in Meadow Woods is around 5.5 kilowatts, meaning a cost of about $9,687 for a solar installation, or $7,168 after the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. With average savings of about $22,000 on utility bills over 20 years, many homeowners in Meadow Woods find investing in solar can be quite rewarding.
You can click the button below to get connected with a top solar installer in Meadow Woods for a quote for your home.
Solar savings over time in Meadow Woods
| Year | Return on Investment |
|---|---|
| 1 years | $-8,397 |
| 3 years | $-5,818 |
| 5 years | $-3,238 |
| 7 years | $-658 |
| 9 years | $1,922 |
| 11 years | $4,501 |
| 13 years | $7,081 |
| 15 years | $9,661 |
| 17 years | $12,241 |
| 19 years | $14,821 |
| 21 years | $17,400 |
| 23 years | $19,980 |
| 25 years | $22,560 |
Top Solar Installers in Meadow Woods
Many homeowners opt for a solar panel installer since installing solar panels yourself can be hard. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Meadow Woods
Factors that Affect Solar Panel Costs in Meadow Woods
The cost of installing a solar system in Meadow Woods can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,530 per kilowatt in Meadow Woods. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Meadow Woods average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Meadow Woods homeowners decide to finance their solar panel systems to make going solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Meadow Woods is the company you hire to install your PV system. As with 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 due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $2.63 | $11,051 | $24,292 | 7.8 years |
| 8 kW | $2.58 | $14,451 | $32,673 | 7.7 years |
| 10 kW | $2.53 | $17,710 | $41,195 | 7.5 years |
| 12 kW | $2.48 | $20,827 | $49,859 | 7.4 years |
| 14 kW | $2.43 | $23,802 | $58,665 | 7.2 years |
| 16 kW | $2.38 | $26,636 | $67,612 | 7.1 years |
| 18 kW | $2.33 | $29,328 | $76,701 | 6.9 years |
| 20 kW | $2.28 | $31,878 | $85,932 | 6.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Meadow Woods, FL Solar Cost FAQs
What is the average cost of installing solar panels in Meadow Woods?
The average cost of solar panels in Meadow Woods is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Meadow Woods?
You can't get solar panels for free in Meadow Woods. 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 Meadow Woods?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.