Solar Panel Cost Guide in Naranja, FL (2023 Update)
- Naranja Solar Installation Cost: $9,419
- 25-Year Savings: $19,488
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Naranja
Let's take a look at the average cost of solar in Naranja.
Although the national average of solar panels is $2.66 per watt, solar panels in Naranja generally cost about 2.53. The average Naranja homeowner needs a 5.3-kilowatt system, which would cost about $9,422 with the federal tax credit, or $13,473 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Naranja homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Naranja see about $21,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Naranja
| Year | Return on Investment |
|---|---|
| 1 years | $-8,045 |
| 3 years | $-5,298 |
| 5 years | $-2,551 |
| 7 years | $197 |
| 9 years | $2,944 |
| 11 years | $5,691 |
| 13 years | $8,438 |
| 15 years | $11,186 |
| 17 years | $13,933 |
| 19 years | $16,680 |
| 21 years | $19,427 |
| 23 years | $22,175 |
| 25 years | $24,922 |
Top Solar Installers in Naranja
Trying to put up solar panels by yourself can be a stressful undertaking, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers provide can be invaluable as well, particularly if you don't quite know what type of solar equipment would be right for your home.
If you're on the hunt for a solar company in Naranja, the EcoWatch team has put together a list of our top suggestions here:
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 Naranja
Factors that Affect Solar Panel Costs in Naranja
The cost of installing a solar system in Naranja can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Naranja, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $21,561 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $29,031 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,644 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,397 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,293 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,330 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,509 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,829 | 7.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
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 Naranja, FL Solar Cost FAQs
What is the average cost of installing solar panels in Naranja?
The average cost of solar panels in Naranja 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Naranja?
You can't get solar panels for free in Naranja. 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.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $1,087.07 per year.
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 higher 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.