Solar Panel Cost Guide in Sanford, FL (Feb 2023)

  • Sanford Solar Installation Cost: $9,900
  • 25-Year Savings: $20,840
  • Payback Period: 8.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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 Sanford

We break down average solar pricing in Sanford.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Sanford, the typical cost of solar panels is $3 per watt. To account for the typical energy needs of the average home in Sanford, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs about $9,900, or $7,326 after the federal solar tax credit of 30% is applied.

The true price you pay can be above or below the average in Sanford depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Sanford find installing solar panels can be quite rewarding.

For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Sanford

Year Return on Investment
1 years $-8,670
3 years $-6,211
5 years $-3,752
7 years $-1,293
9 years $1,166
11 years $3,626
13 years $6,085
15 years $8,544
17 years $11,003
19 years $13,462
21 years $15,922
23 years $18,381
25 years $20,840

Top Solar Installers in Sanford

Although it's possible to install solar panels by yourself, it takes extra labor and handiness. That's why the majority of homeowners choose to go with a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

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

See all of the solar companies in Sanford

Factors that Affect Solar Panel Costs in Sanford

While the average cost of a solar system in Sanford is $9,900, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,530. The model of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than 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 looking into a solar system that's in your budget.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also increases your overall costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The last significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Sanford, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 $21,930 8.4 years
8 kW $2.58 $14,451 $29,523 8.2 years
10 kW $2.53 $17,710 $37,258 8.1 years
12 kW $2.48 $20,827 $45,135 7.9 years
14 kW $2.43 $23,802 $53,154 7.7 years
16 kW $2.38 $26,636 $61,314 7.6 years
18 kW $2.33 $29,328 $69,615 7.4 years
20 kW $2.28 $31,878 $78,059 7.2 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:

  • Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
  • Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
  • Contract: When looking through your solar company's contract, ask for clarification 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.
  • Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

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

EcoWatch's Sanford, FL Solar Cost FAQs

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

The average cost of solar panels in Sanford is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important thing to think about when buying solar panels?

Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels eliminate my power bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Sanford, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Sanford?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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.

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