Solar Panel Cost Guide in Rotonda, FL (2023 Update)
- Rotonda Solar Installation Cost: $9,404
- 25-Year Savings: $19,356
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Rotonda
Find out what the average cost of solar panels are in Rotonda.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rotonda, the typical cost of solar panels is 2.53 per watt. To cover the typical energy usage of the average home in Rotonda, most homeowners require a 5.3-kilowatt system. Using the figure above, a solar installation costs around $9,404, or $13,448 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy consumption and what installation company you go with. With average savings of about $21,000 on utility bills over 20 years, many homeowners in Rotonda find investing in solar can be quite rewarding.
To get a free quote from a pre-vetted solar company in Rotonda, you can click the button below.
Solar savings over time in Rotonda
| Year | Return on Investment |
|---|---|
| 1 years | $-9,308 |
| 3 years | $-9,116 |
| 5 years | $-8,924 |
| 7 years | $-8,733 |
| 9 years | $-8,541 |
| 11 years | $-8,349 |
| 13 years | $-8,157 |
| 15 years | $-7,966 |
| 17 years | $-7,774 |
| 19 years | $-7,582 |
| 21 years | $-7,390 |
| 23 years | $-7,199 |
| 25 years | $-7,007 |
Top Solar Installers in Rotonda
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make your switch to solar power much easier. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Rotonda:
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 Rotonda
Factors that Affect Solar Panel Costs in Rotonda
For many Rotonda homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Rotonda, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,530 per kilowatt in Rotonda. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Rotonda average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Rotonda homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar 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. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $21,447 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,880 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,454 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,170 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,027 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,026 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,167 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,450 | 7.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: The type of solar panel you want plays a role in which installer you should choose, since different companies provide different panels.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Rotonda, FL Solar Cost FAQs
How much does it cost to install solar panels in Rotonda?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Rotonda?
You can't get solar panels for free in Rotonda. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,083.28 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.