Solar Panel Cost Guide in Mount Dora, FL (2024 Update)
- Mount Dora Solar Installation Cost: $12,571
- 25-Year Savings: $23,575
- Payback Period: 9.4 Years
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Average Cost of Solar Panels in Mount Dora
Let’s have a look at the average cost of solar panels in Mount Dora.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mount Dora, the typical cost of solar panels is 3 per watt.To account for the typical energy needs of the average home in Mount Dora, most homeowners require a 5.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,571, or $17,977 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Mount Dora homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the large upfront cost, the average Mount Dora homeowner can save around $24,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar panel company in your area for a personalized estimate.
Solar savings over time in Mount Dora
| Year | Return on Investment |
|---|---|
| 1 years | $-10,797 |
| 3 years | $-7,247 |
| 5 years | $-3,697 |
| 7 years | $-148 |
| 9 years | $3,402 |
| 11 years | $6,951 |
| 13 years | $10,501 |
| 15 years | $14,050 |
| 17 years | $17,600 |
| 19 years | $21,150 |
| 21 years | $24,699 |
| 23 years | $28,249 |
| 25 years | $31,798 |
Top Solar Installers in Mount Dora
Installing solar panels by yourself can be a difficult project, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Mount Dora
Factors that Affect Solar Panel Costs in Mount Dora
There are many criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Mount Dora, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Mount Dora, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.It’s a good idea to include 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 off the loan.
Solar Panel Installation Company
The solar company you select will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $21,888 | 9.8 years |
| 8 kW | $3.27 | $18,336 | $29,543 | 9.6 years |
| 10 kW | $3.21 | $22,470 | $37,378 | 9.4 years |
| 12 kW | $3.15 | $26,425 | $45,393 | 9.2 years |
| 14 kW | $3.08 | $30,200 | $53,588 | 9.0 years |
| 16 kW | $3.02 | $33,795 | $61,962 | 8.8 years |
| 18 kW | $2.95 | $37,210 | $70,517 | 8.6 years |
| 20 kW | $2.89 | $40,446 | $79,251 | 8.4 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 models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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 Mount Dora, FL Solar Cost FAQs
How much does it cost to install solar panels in Mount Dora?
The average cost of solar panels in Mount Dora is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors 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 Mount Dora?
You can’t get solar panels for free in Mount Dora. However, you may still be able to afford 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.
Does Mount Dora have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.