Solar Panel Cost Guide in Orangetree, FL (2023 Update)
- Orangetree Solar Installation Cost: $9,383
- 25-Year Savings: $19,377
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Orangetree
Find out what the average cost of solar panel installation is in Orangetree.
While the national average of solar panels is $2.66 per watt, solar panels in Orangetree generally cost about 2.53. The average Orangetree homeowner needs a 5.3-kilowatt system, which would cost about $9,386 with the federal tax credit, or $13,422 before the 30% tax credit is applied.
The actual price you pay can go above or below the average in Orangetree based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $21,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar company in Orangetree that can help you get a more accurate cost estimate for your home.
Solar savings over time in Orangetree
| Year | Return on Investment |
|---|---|
| 1 years | $-9,287 |
| 3 years | $-9,095 |
| 5 years | $-8,904 |
| 7 years | $-8,712 |
| 9 years | $-8,520 |
| 11 years | $-8,328 |
| 13 years | $-8,137 |
| 15 years | $-7,945 |
| 17 years | $-7,753 |
| 19 years | $-7,561 |
| 21 years | $-7,370 |
| 23 years | $-7,178 |
| 25 years | $-6,986 |
Top Solar Installers in Orangetree
Many homeowners opt for a solar installation company since figuring out how to install solar panels by yourself can be time-consuming. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Orangetree
Factors that Affect Solar Panel Costs in Orangetree
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,530. The type of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Orangetree provide solar loans, which reduce your upfront costs of installing solar panels. While solar loans make going solar more accessible for Orangetree homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Orangetree, and each can charge varying amounts for labor and equipment. Additionally, some companies in Orangetree have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $21,519 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,975 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,574 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,313 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,195 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,218 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,383 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,689 | 7.3 years |
How to Save on Solar Panels
There are many companies to choose from in Orangetree, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- 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 expectations you should have about the installation process.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
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 Orangetree, FL Solar Cost FAQs
How much does it cost to install solar panels in Orangetree?
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 higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Orangetree?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Orangetree, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.