Solar Panel Cost Guide in Poinciana, FL (2024 Update)
- Poinciana Solar Installation Cost: $12,272
- 25-Year Savings: $24,564
- Payback Period: 9.0 Years
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Average Cost of Solar Panels in Poinciana
We go over average solar pricing in Poinciana.
The national average cost of solar panels is $2.66 per watt, but in Poinciana it’s 3 per watt.To cover the typical energy needs of the average home in Poinciana, most homeowners require a 5.5-kilowatt system. Using the figure above, a solar installation costs about $12,272, or $17,549 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Poinciana homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Even with the high initial cost, the average Poinciana homeowner can save about $25,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar installer in your area for a customized estimate.
Solar savings over time in Poinciana
| Year | Return on Investment |
|---|---|
| 1 years | $-10,497 |
| 3 years | $-6,948 |
| 5 years | $-3,398 |
| 7 years | $151 |
| 9 years | $3,701 |
| 11 years | $7,251 |
| 13 years | $10,800 |
| 15 years | $14,350 |
| 17 years | $17,899 |
| 19 years | $21,449 |
| 21 years | $24,998 |
| 23 years | $28,548 |
| 25 years | $32,098 |
Top Solar Installers in Poinciana
Although it's possible to install solar panels by yourself, it takes extra labor and handiness. For that reason, most people choose to hire a solar panel installer. Plus, if you’re not certain what brand of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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 Poinciana
Factors that Affect Solar Panel Costs in Poinciana
Even though the average cost of a solar system in Poinciana is $12,272, 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 system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Poinciana, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Poinciana to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Poinciana, and each can charge varying amounts for labor and equipment.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’re looking for and also fit into 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 | $23,591 | 9.3 years |
| 8 kW | $3.27 | $18,336 | $31,814 | 9.1 years |
| 10 kW | $3.21 | $22,470 | $40,216 | 9.0 years |
| 12 kW | $3.15 | $26,425 | $48,799 | 8.8 years |
| 14 kW | $3.08 | $30,200 | $57,561 | 8.6 years |
| 16 kW | $3.02 | $33,795 | $66,503 | 8.4 years |
| 18 kW | $2.95 | $37,210 | $75,625 | 8.2 years |
| 20 kW | $2.89 | $40,446 | $84,927 | 8.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should opt for, since different companies offer different panels.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Poinciana, FL Solar Cost FAQs
How much does it cost to install solar panels in Poinciana?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Poinciana?
Solar panels aren’t free in Poinciana, 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.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.