Solar Panel Cost Guide in Princeton, FL (2024 Update)

  • Princeton Solar Installation Cost: $11,968
  • 25-Year Savings: $19,600
  • Payback Period: 10.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated June 24, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Princeton

Let’s have a look at the average cost of solar panels in Princeton.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Princeton, the average cost of a solar system is 3 per watt.To account for the typical energy needs of the average home in Princeton, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,968, or $17,114 before the federal solar tax credit of 0 is applied.

The actual price you pay can be higher or lower than the average in Princeton depending on several factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Princeton can save about $21,000 on their power bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Princeton for a quote for your home.

Solar savings over time in Princeton

YearReturn on Investment
1 years$-10,594
3 years$-7,847
5 years$-5,100
7 years$-2,352
9 years$395
11 years$3,142
13 years$5,889
15 years$8,637
17 years$11,384
19 years$14,131
21 years$16,878
23 years$19,625
25 years$22,373

Top Solar Installers in Princeton

Although it's possible to install solar panels yourself, it requires extra labor and expertise. That's one of the reasons most homeowners choose to hire a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.

There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:

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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Princeton

Factors that Affect Solar Panel Costs in Princeton

There are many criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $3,210 per kilowatt in Princeton.There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Princeton, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installer you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating in Princeton, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.34$14,021$18,68510.7 years
8 kW$3.27$18,336$25,27210.5 years
10 kW$3.21$22,470$32,04010.3 years
12 kW$3.15$26,425$38,98710.1 years
14 kW$3.08$30,200$46,1149.9 years
16 kW$3.02$33,795$53,4219.7 years
18 kW$2.95$37,210$60,9079.5 years
20 kW$2.89$40,446$68,5749.3 years

How to Save on Solar Panels

The solar panel company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:

  • Solar Panel Brands: The kind of solar panel you’d like to install plays a role in which installer you should go with, since different companies provide different panels.
  • Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
  • Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
  • Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Princeton, FL Solar Cost FAQs

How much does it cost to install solar panels in Princeton?

The average cost of solar panels in Princeton 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.

What other factors should I consider apart from cost when buying solar panels?

The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.

Can you sell solar power back to the grid in Princeton?

The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home needs 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.