Solar Panel Cost Guide in Pine Castle, FL (2023 Update)
- Pine Castle Solar Installation Cost: $9,695
- 25-Year Savings: $21,624
- Payback Period: 7.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pine Castle
We go over average solar pricing in Pine Castle.
In Pine Castle, solar panels cost about 2.53 per watt on average. The average Pine Castle homeowner needs a 5.5-kilowatt system, which would cost about $9,687 with the federal tax credit, or $13,852 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $22,000 over 20 years on power bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pine Castle
| Year | Return on Investment |
|---|---|
| 1 years | $-7,920 |
| 3 years | $-4,371 |
| 5 years | $-821 |
| 7 years | $2,728 |
| 9 years | $6,278 |
| 11 years | $9,827 |
| 13 years | $13,377 |
| 15 years | $16,927 |
| 17 years | $20,476 |
| 19 years | $24,026 |
| 21 years | $27,575 |
| 23 years | $31,125 |
| 25 years | $34,674 |
Top Solar Installers in Pine Castle
When making the switch to solar, many homeowners decide to go with a solar installer since putting up a solar system yourself can be a time-consuming project. The expertise that solar companies provide can be useful as well, especially if you aren't sure what kind of solar equipment would be right for your home.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Pine Castle
Factors that Affect Solar Panel Costs in Pine Castle
Though the average cost of a solar system in Pine Castle is $9,687, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Pine Castle, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,530 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Pine Castle to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. It's wise 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Pine Castle, and each can charge varying amounts for labor and equipment. Additionally, some companies in Pine Castle have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $23,274 | 8.0 years |
| 8 kW | $2.58 | $14,451 | $31,316 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,499 | 7.7 years |
| 12 kW | $2.48 | $20,827 | $47,824 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $56,291 | 7.4 years |
| 16 kW | $2.38 | $26,636 | $64,899 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $73,649 | 7.1 years |
| 20 kW | $2.28 | $31,878 | $82,540 | 7.0 years |
How to Save on Solar Panels
There are numerous companies available in Pine Castle, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Pine Castle, FL Solar Cost FAQs
How much does it cost to install solar panels in Pine Castle?
The average cost of solar panels in Pine Castle is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Pine Castle?
Solar panels aren't free in Pine Castle, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on power bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Pine Castle, that will require at least a 10-kW system. Not all homes will have roofs that 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.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.