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.
In Oviedo, solar panels cost about 3 per watt on average.Since a 5.6-kW system is needed to cover the energy needs of a typical home in Oviedo, the average price of going solar will be about $12,566 after claiming the federal solar tax credit of 0.
How much you pay can be higher or lower than the average in Oviedo depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront cost of solar power is worth paying. On average Oviedo homeowners see about $21,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Oviedo that can help you get a more accurate cost estimate for your home.
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
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be challenging. Local solar installers can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,210. The brand of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment consists of 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 searching for a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Though solar loans make switching to solar energy more accessible for Oviedo homeowners, they can also raise 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 get to install your solar panel system can play a part in determining how much you pay. Oviedo’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Oviedo have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Different companies will offer various brands and models 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
How much does it cost to install 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 such as 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 afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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 financial benefits from going solar.
How will having solar panels impact my home value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.