Solar Panel Cost Guide in Oviedo, FL (2025 Update)
- Oviedo Solar Installation Cost: $12,566
- 25-Year Savings: $20,284
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Oviedo
We go over average solar pricing in Oviedo.
While the national average of solar panels is $2.66 per watt, solar panels in Oviedo generally cost about 3.Using this figure, a typical 5.6-kW system would cost about $12,566 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Oviedo depending on a few factors, such as the model of solar panels you choose and the solar company you hire.Even with the large initial cost, the average Oviedo homeowner can save about $21,000 on their power bills over 20 years, which is one of the positives of solar.
To receive a free quote from a pre-vetted solar installation company in Oviedo, you can click the button below.
Solar savings over time in Oviedo
| Year | Return on Investment |
|---|---|
| 1 years | $-11,192 |
| 3 years | $-8,445 |
| 5 years | $-5,698 |
| 7 years | $-2,950 |
| 9 years | $-203 |
| 11 years | $2,544 |
| 13 years | $5,291 |
| 15 years | $8,039 |
| 17 years | $10,786 |
| 19 years | $13,533 |
| 21 years | $16,280 |
| 23 years | $19,027 |
| 25 years | $21,775 |
Top Solar Installers in Oviedo
Installing solar panels on your own can be a stressful task, which is why hiring a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you better understand incentives in Oviedo, therefore optimizing your ROI.
If you're on the hunt for a solar installer in Oviedo, we've compiled a list of our top suggestions here:
See all of the solar companies in Oviedo
Factors that Affect Solar Panel Costs in Oviedo
The cost of installing a solar system in Oviedo can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,210 per kilowatt in Oviedo.The type of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to think about 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’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Oviedo to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.It’s wise 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Oviedo is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.The size of the company sometimes plays the most significant role in the cost of installation. 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 can sometimes have better customer service and more customization options, and the occasional sale or promotion 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 | $18,368 | 10.8 years |
| 8 kW | $3.27 | $18,336 | $24,850 | 10.6 years |
| 10 kW | $3.21 | $22,470 | $31,512 | 10.4 years |
| 12 kW | $3.15 | $26,425 | $38,354 | 10.2 years |
| 14 kW | $3.08 | $30,200 | $45,375 | 10.0 years |
| 16 kW | $3.02 | $33,795 | $52,576 | 9.8 years |
| 18 kW | $2.95 | $37,210 | $59,957 | 9.6 years |
| 20 kW | $2.89 | $40,446 | $67,518 | 9.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly impacts 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: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
EcoWatch's Oviedo, FL Solar Cost FAQs
What is the average cost of installing solar panels in Oviedo?
The average cost of solar panels in Oviedo is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Oviedo?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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.
How will having solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Oviedo is currently $496,318, so you can look forward to a value of about $20,349 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Oviedo is a fruitful investment.
How long do solar panels last in Oviedo?
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 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.