Solar Panel Cost Guide in Samsula-Spruce Creek, FL (2023 Update)
- Samsula-Spruce Creek Solar Installation Cost: $9,693
- 25-Year Savings: $18,811
- Payback Period: 8.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Samsula-Spruce Creek
Let's have a look at the average cost of solar in Samsula-Spruce Creek.
In Samsula-Spruce Creek, solar panels cost about 2.53 per watt on average. To account for the typical energy needs of the average home in Samsula-Spruce Creek, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,687, or $13,852 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more. But, after you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $20,000 over 20 years on utility bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Samsula-Spruce Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-8,319 |
| 3 years | $-5,572 |
| 5 years | $-2,825 |
| 7 years | $-77 |
| 9 years | $2,670 |
| 11 years | $5,417 |
| 13 years | $8,164 |
| 15 years | $10,912 |
| 17 years | $13,659 |
| 19 years | $16,406 |
| 21 years | $19,153 |
| 23 years | $21,901 |
| 25 years | $24,648 |
Top Solar Installers in Samsula-Spruce Creek
When making the switch to solar, many homeowners choose to use a solar company since DIY solar panel installation can be a challenging project. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our suggestions for providers 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 Samsula-Spruce Creek
Factors that Affect Solar Panel Costs in Samsula-Spruce Creek
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Samsula-Spruce Creek: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems 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 higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,530. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Samsula-Spruce Creek, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Samsula-Spruce Creek have solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
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 in Samsula-Spruce Creek, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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 | $2.63 | $11,051 | $20,197 | 8.8 years |
| 8 kW | $2.58 | $14,451 | $27,212 | 8.7 years |
| 10 kW | $2.53 | $17,710 | $34,370 | 8.5 years |
| 12 kW | $2.48 | $20,827 | $41,668 | 8.3 years |
| 14 kW | $2.43 | $23,802 | $49,109 | 8.2 years |
| 16 kW | $2.38 | $26,636 | $56,691 | 8.0 years |
| 18 kW | $2.33 | $29,328 | $64,415 | 7.8 years |
| 20 kW | $2.28 | $31,878 | $72,281 | 7.7 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: Long-standing companies likely have a high 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.
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
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 Samsula-Spruce Creek, FL Solar Cost FAQs
How much does it cost to install solar panels in Samsula-Spruce Creek?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally 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 needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Samsula-Spruce Creek?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Samsula-Spruce Creek have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.