Solar Panel Cost Guide in Oviedo, FL (2024 Update)
- Oviedo Solar Installation Cost: $12,566
- 25-Year Savings: $20,284
- Payback Period: 10.4 Years
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Updated February 03, 2024
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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.Because a 5.6-kW system is needed to cover the energy consumption 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.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $21,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar installer in Oviedo for a quote 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 installer since trying to install solar panels yourself can be challenging. The payback period of solar panels will vary based on factors like your location and energy consumption, but working with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Oviedo
Factors that Affect Solar Panel Costs in Oviedo
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Oviedo: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Oviedo, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
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 increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Oviedo, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to 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 companies.
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 a large number of companies to choose from in Oviedo, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Oviedo?
Leasing solar panels can be an option if you are unable 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 installing solar panels impact my home value?
Solar panels can increase your property’s value significantly 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 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.
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.