Solar Panel Cost Guide in San Castle, FL (2023 Update)
- San Castle Solar Installation Cost: $9,531
- 25-Year Savings: $17,602
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in San Castle
Let's have a look at the average cost of solar panels in San Castle.
Although the national average of solar panels is $2.66 per watt, solar panels in San Castle generally cost around 2.53. Since a 5.4-kW system is needed to cover the energy needs of a typical home in San Castle, the average price of going solar will be about $9,528 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in San Castle see about $19,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in San Castle
| Year | Return on Investment |
|---|---|
| 1 years | $-9,440 |
| 3 years | $-9,260 |
| 5 years | $-9,079 |
| 7 years | $-8,898 |
| 9 years | $-8,717 |
| 11 years | $-8,536 |
| 13 years | $-8,355 |
| 15 years | $-8,174 |
| 17 years | $-7,993 |
| 19 years | $-7,813 |
| 21 years | $-7,632 |
| 23 years | $-7,451 |
| 25 years | $-7,270 |
Top Solar Installers in San Castle
Installing solar panels by yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be right for you.
If you'd like to start using solar energy but still aren't sure which solar system company to go with, here are our recommendations 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 San Castle
Factors that Affect Solar Panel Costs in San Castle
For many San Castle homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in San Castle, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important 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 $2,530 per kilowatt in San Castle. The kind of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many San Castle homeowners opt to finance their solar panel systems to make going solar more affordable. 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're only able to 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 finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in San Castle, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $19,200 | 9.1 years |
| 8 kW | $2.58 | $14,451 | $25,883 | 9.0 years |
| 10 kW | $2.53 | $17,710 | $32,708 | 8.8 years |
| 12 kW | $2.48 | $20,827 | $39,675 | 8.6 years |
| 14 kW | $2.43 | $23,802 | $46,783 | 8.4 years |
| 16 kW | $2.38 | $26,636 | $54,033 | 8.3 years |
| 18 kW | $2.33 | $29,328 | $61,424 | 8.1 years |
| 20 kW | $2.28 | $31,878 | $68,958 | 7.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on 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:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Warranty: If you're concerned about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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 San Castle, FL Solar Cost FAQs
What is the average cost of installing solar panels in San Castle?
The average cost of solar panels in San Castle is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in San Castle?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,008.36 per year.
How often do you have to replace solar panels?
Even though 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 opt to replace them once you've had them for that long or you can keep using 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.