Solar Panel Cost Guide in Rotonda, FL (2024 Update)
- Rotonda Solar Installation Cost: $11,931
- 25-Year Savings: $19,356
- Payback Period: 10.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Rotonda
We break down average solar pricing in Rotonda.
In Rotonda, solar panels cost about 3 per watt on average.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 $11,931, or $17,061 before the federal solar tax credit of 0 is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on the amount of energy your home requires and what company you go with.Despite the significant upfront cost, the average Rotonda homeowner can save around $21,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a top solar installer in your area for a personalized quote.
Solar savings over time in Rotonda
| Year | Return on Investment |
|---|---|
| 1 years | $-10,557 |
| 3 years | $-7,810 |
| 5 years | $-5,063 |
| 7 years | $-2,316 |
| 9 years | $432 |
| 11 years | $3,179 |
| 13 years | $5,926 |
| 15 years | $8,673 |
| 17 years | $11,420 |
| 19 years | $14,168 |
| 21 years | $16,915 |
| 23 years | $19,662 |
| 25 years | $22,409 |
Top Solar Installers in Rotonda
Installing solar panels on your own can be a stressful task, which is why using a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
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 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 Rotonda
Factors that Affect Solar Panel Costs in Rotonda
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Rotonda: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly 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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,210 per kilowatt in Rotonda.The brand of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Rotonda homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your total costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Rotonda, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $3.34 | $14,021 | $18,477 | 10.8 years |
| 8 kW | $3.27 | $18,336 | $24,996 | 10.6 years |
| 10 kW | $3.21 | $22,470 | $31,694 | 10.4 years |
| 12 kW | $3.15 | $26,425 | $38,572 | 10.2 years |
| 14 kW | $3.08 | $30,200 | $45,630 | 10.0 years |
| 16 kW | $3.02 | $33,795 | $52,867 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,285 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $67,882 | 9.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you need plays a part in which installer you should choose, since different companies have access to different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: Before signing a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Companies that have been operating for many years 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 service, such as part repairs and replacements.
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 Rotonda, FL Solar Cost FAQs
What is the average cost of installing solar panels in Rotonda?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Rotonda?
You can’t get solar panels for free in Rotonda. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 install between 20 and 35 panels to cover 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.