Solar Panel Cost Guide in Sky Lake, FL (2023 Update)
- Sky Lake Solar Installation Cost: $9,687
- 25-Year Savings: $22,560
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sky Lake
We break down average solar pricing in Sky Lake.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sky Lake, the average cost of solar panels is 2.53 per watt. The average Sky Lake homeowner needs a 5.5-kilowatt system, which would cost about $9,687 with the federal tax credit, or $13,852 before the 30% tax credit 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 multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. With average savings of about $22,000 on utility bills over 20 years, many homeowners in Sky Lake find installing solar panels can be quite rewarding.
To get a free quote from a vetted solar installer in Sky Lake, you can click the button below.
Solar savings over time in Sky Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-8,397 |
| 3 years | $-5,818 |
| 5 years | $-3,238 |
| 7 years | $-658 |
| 9 years | $1,922 |
| 11 years | $4,501 |
| 13 years | $7,081 |
| 15 years | $9,661 |
| 17 years | $12,241 |
| 19 years | $14,821 |
| 21 years | $17,400 |
| 23 years | $19,980 |
| 25 years | $22,560 |
Top Solar Installers in Sky Lake
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Some solar companies, especially local ones, can help you better understand incentives in Sky Lake, optimizing your ROI.
If you're on the hunt for a solar installer in Sky Lake, the EcoWatch team has compiled a list of our top suggestions here:
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 Sky Lake
Factors that Affect Solar Panel Costs in Sky Lake
The cost of installing a solar system in Sky Lake can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $2,530 per kilowatt in Sky Lake. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Sky Lake, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Sky Lake, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. While solar loans make adopting solar energy more accessible for Sky Lake homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Sky Lake is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Sky Lake have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $24,292 | 7.8 years |
| 8 kW | $2.58 | $14,451 | $32,673 | 7.7 years |
| 10 kW | $2.53 | $17,710 | $41,195 | 7.5 years |
| 12 kW | $2.48 | $20,827 | $49,859 | 7.4 years |
| 14 kW | $2.43 | $23,802 | $58,665 | 7.2 years |
| 16 kW | $2.38 | $26,636 | $67,612 | 7.1 years |
| 18 kW | $2.33 | $29,328 | $76,701 | 6.9 years |
| 20 kW | $2.28 | $31,878 | $85,932 | 6.8 years |
How to Save on Solar Panels
The solar installer you choose will affect 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:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Contract: It's important to look over 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 project timeline.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Sky Lake, FL Solar Cost FAQs
What is the average cost of installing solar panels in Sky Lake?
This is a tough question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Sky Lake?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Sky Lake?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.