Solar Panel Cost Guide in Ocoee, FL (2023 Update)
- Ocoee Solar Installation Cost: $9,687
- 25-Year Savings: $21,459
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ocoee
Find out what the average cost of solar panel installation is in Ocoee.
While the national average of solar panels is $2.66 per watt, solar panels in Ocoee typically cost about 2.53. Because a 5.5-kW system is needed to cover the energy costs of a typical home in Ocoee, the average price of going solar will be about $9,687 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Ocoee homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $22,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar company in Ocoee that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ocoee
| Year | Return on Investment |
|---|---|
| 1 years | $-8,442 |
| 3 years | $-5,950 |
| 5 years | $-3,458 |
| 7 years | $-966 |
| 9 years | $1,525 |
| 11 years | $4,017 |
| 13 years | $6,509 |
| 15 years | $9,001 |
| 17 years | $11,492 |
| 19 years | $13,984 |
| 21 years | $16,476 |
| 23 years | $18,968 |
| 25 years | $21,459 |
Top Solar Installers in Ocoee
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be time-consuming. Local solar companies can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Ocoee
Factors that Affect Solar Panel Costs in Ocoee
While the average cost of a solar system in Ocoee is $9,687, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Ocoee, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,530 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Ocoee, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your total costs, so it's important to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Ocoee, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have 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 | $23,086 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,065 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,185 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,447 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,851 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,396 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $73,083 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,912 | 7.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Ocoee, FL Solar Cost FAQs
How much does it cost to install solar panels in Ocoee?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy 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 $1,137.90 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 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.