Solar Panel Cost Guide in Spring Hill, FL (2024 Update)
- Spring Hill Solar Installation Cost: $12,554
- 25-Year Savings: $21,845
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Spring Hill
Let’s take a look at the average cost of solar panels in Spring Hill.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Spring Hill, the typical cost of a solar system is 3 per watt.Because a 5.6-kW system is needed to cover the energy needs of a typical home in Spring Hill, the average price of going solar will be about $12,554 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary quite a bit depending 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 $23,000 on energy bills over 20 years, many homeowners in Spring Hill find going solar can pay off big.
Click the button below to get connected to a reputable solar panel company in Spring Hill for a personalized quote.
Solar savings over time in Spring Hill
Year | Return on Investment |
---|---|
1 years | $-10,848 |
3 years | $-7,435 |
5 years | $-4,023 |
7 years | $-610 |
9 years | $2,803 |
11 years | $6,215 |
13 years | $9,628 |
15 years | $13,041 |
17 years | $16,454 |
19 years | $19,866 |
21 years | $23,279 |
23 years | $26,692 |
25 years | $30,104 |
Top Solar Installers in Spring Hill
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make your switch to solar power much easier. The payback period on a solar system will vary based on factors like your roof configuration and energy needs, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Spring Hill
Factors that Affect Solar Panel Costs in Spring Hill
Though the average cost of a solar system in Spring Hill is $12,554, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar panel system in Spring Hill, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Spring Hill to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Spring Hill, and each can charge different amounts for labor and equipment.Additionally, some companies in Spring Hill know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.34 | $14,021 | $20,064 | 10.3 years |
8 kW | $3.27 | $18,336 | $27,111 | 10.1 years |
10 kW | $3.21 | $22,470 | $34,338 | 9.9 years |
12 kW | $3.15 | $26,425 | $41,745 | 9.7 years |
14 kW | $3.08 | $30,200 | $49,332 | 9.5 years |
16 kW | $3.02 | $33,795 | $57,099 | 9.3 years |
18 kW | $2.95 | $37,210 | $65,045 | 9.1 years |
20 kW | $2.89 | $40,446 | $73,171 | 8.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- Contract: Before you sign a contract with a solar installer, be sure to look it over 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 what services you can expect from them.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before deciding.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Spring Hill, FL Solar Cost FAQs
How much does it cost to install solar panels in Spring Hill?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Spring Hill?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Spring Hill?
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 how much energy they produce will have decreased significantly after that point. You can choose 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.