Solar Panel Cost Guide in Oakleaf Plantation, FL (2023 Update)
- Oakleaf Plantation Solar Installation Cost: $10,078
- 25-Year Savings: $19,740
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Oakleaf Plantation
Let's take a look at the average cost of solar in Oakleaf Plantation.
The national average cost of solar panels is $2.66 per watt, but in Oakleaf Plantation it's 2.53 per watt. Because a 5.7-kW system is needed to cover the energy needs of a typical home in Oakleaf Plantation, the average price of going solar will be about $10,077 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar panels you choose, your solar contractor and more. Many homeowners find installing a solar system is a sound investment. The average homeowner in Oakleaf Plantation can save about $20,000 on their electricity bills over 20 years.
To get a free quote from a pre-vetted solar installer in Oakleaf Plantation, you can click the button below.
Solar savings over time in Oakleaf Plantation
| Year | Return on Investment |
|---|---|
| 1 years | $-8,614 |
| 3 years | $-5,685 |
| 5 years | $-2,757 |
| 7 years | $171 |
| 9 years | $3,100 |
| 11 years | $6,028 |
| 13 years | $8,957 |
| 15 years | $11,885 |
| 17 years | $14,813 |
| 19 years | $17,742 |
| 21 years | $20,670 |
| 23 years | $23,599 |
| 25 years | $26,527 |
Top Solar Installers in Oakleaf Plantation
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using a solar company can make converting to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Oakleaf Plantation
Factors that Affect Solar Panel Costs in Oakleaf Plantation
The cost of installing a solar system in Oakleaf Plantation can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Oakleaf Plantation, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,530 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider 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 for a solar system that's in 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 Oakleaf Plantation homeowners decide to finance their solar panel systems to offset upfront costs. Even though solar loans make adopting solar energy more accessible for Oakleaf Plantation homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a role in determining your pricing. Oakleaf Plantation's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more 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 | $2.63 | $11,051 | $20,388 | 8.8 years |
| 8 kW | $2.58 | $14,451 | $27,467 | 8.6 years |
| 10 kW | $2.53 | $17,710 | $34,688 | 8.4 years |
| 12 kW | $2.48 | $20,827 | $42,051 | 8.3 years |
| 14 kW | $2.43 | $23,802 | $49,555 | 8.1 years |
| 16 kW | $2.38 | $26,636 | $57,201 | 7.9 years |
| 18 kW | $2.33 | $29,328 | $64,988 | 7.8 years |
| 20 kW | $2.28 | $31,878 | $72,918 | 7.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: When making the switch to solar, it's essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
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 Oakleaf Plantation, FL Solar Cost FAQs
What is the average cost of installing solar panels in Oakleaf Plantation?
The average cost of solar panels in Oakleaf Plantation 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Oakleaf Plantation?
You can't get solar panels for free in Oakleaf Plantation. 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.
Is it worth going solar in Oakleaf Plantation?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Oakleaf Plantation?
On average, solar panels can last 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.