Solar Panel Cost Guide in Parker, FL (2024 Update)
- Parker Solar Installation Cost: $12,844
- 25-Year Savings: $25,722
- Payback Period: 9.0 Years
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Average Cost of Solar Panels in Parker
Here’s how much it might cost to make the switch to solar in Parker.
In Parker, solar panels cost about 3 per watt on average.Using this figure, a typical 5.7-kW system would cost about $12,844 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will differ based on your specific situation and what company you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $24,000 over 20 years on utility bills.
Click the button below to get connected to a reputable solar panel company in your area for a personalized estimate.
Solar savings over time in Parker
| Year | Return on Investment |
|---|---|
| 1 years | $-10,849 |
| 3 years | $-6,858 |
| 5 years | $-2,867 |
| 7 years | $1,123 |
| 9 years | $5,114 |
| 11 years | $9,105 |
| 13 years | $13,095 |
| 15 years | $17,086 |
| 17 years | $21,077 |
| 19 years | $25,067 |
| 21 years | $29,058 |
| 23 years | $33,049 |
| 25 years | $37,039 |
Top Solar Installers in Parker
Installing solar panels on your own can be a difficult task, which is why using a solar installer is a good option for many homeowners. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar company in Parker, we've organized a list of our top suggestions here:
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 Parker
Factors that Affect Solar Panel Costs in Parker
For many Parker homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Parker, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar 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, you can expect your total to increase by around $3,210. There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Parker to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installer you select will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also is within your budget.
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 | $23,604 | 9.3 years |
| 8 kW | $3.27 | $18,336 | $31,831 | 9.1 years |
| 10 kW | $3.21 | $22,470 | $40,239 | 9.0 years |
| 12 kW | $3.15 | $26,425 | $48,826 | 8.8 years |
| 14 kW | $3.08 | $30,200 | $57,593 | 8.6 years |
| 16 kW | $3.02 | $33,795 | $66,539 | 8.4 years |
| 18 kW | $2.95 | $37,210 | $75,665 | 8.2 years |
| 20 kW | $2.89 | $40,446 | $84,972 | 8.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Parker, 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: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: The brand of solar panel you’d like plays a part in which company you should choose, since different companies offer different panels.
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 Parker, FL Solar Cost FAQs
What is the average cost of installing solar panels in Parker?
The average cost of solar panels in Parker is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Parker?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Parker, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.