Solar Panel Cost Guide in Springfield, FL (2023 Update)
- Springfield Solar Installation Cost: $10,123
- 25-Year Savings: $25,133
- Payback Period: 7.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Springfield
Find out what the average cost of a solar system is in Springfield.
The national average cost of solar panels is $2.66 per watt, but in Springfield it's 2.53 per watt. The average Springfield homeowner needs a 5.7-kilowatt system, which would cost about $10,130 with the federal tax credit, or $14,486 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Springfield can save about $23,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Springfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,285 |
| 3 years | $-4,609 |
| 5 years | $-933 |
| 7 years | $2,742 |
| 9 years | $6,418 |
| 11 years | $10,094 |
| 13 years | $13,770 |
| 15 years | $17,446 |
| 17 years | $21,122 |
| 19 years | $24,798 |
| 21 years | $28,474 |
| 23 years | $32,150 |
| 25 years | $35,826 |
Top Solar Installers in Springfield
Although it's possible to install solar panels on your own, it takes extra energy and expertise. For that reason, most people choose to hire a solar panel installer. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're looking for a solar installer in Springfield, we've 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 Springfield
Factors that Affect Solar Panel Costs in Springfield
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels 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 that have better efficiency or power production require 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. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Springfield average.
Solar Financing Terms
Most solar installers in Springfield offer solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can influence your pricing. Springfield's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Springfield are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $25,956 | 7.5 years |
| 8 kW | $2.58 | $14,451 | $34,891 | 7.3 years |
| 10 kW | $2.53 | $17,710 | $43,968 | 7.2 years |
| 12 kW | $2.48 | $20,827 | $53,187 | 7.0 years |
| 14 kW | $2.43 | $23,802 | $62,547 | 6.9 years |
| 16 kW | $2.38 | $26,636 | $72,049 | 6.7 years |
| 18 kW | $2.33 | $29,328 | $81,693 | 6.6 years |
| 20 kW | $2.28 | $31,878 | $91,479 | 6.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Springfield, FL Solar Cost FAQs
How much does it cost to install solar panels in Springfield?
This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Springfield?
You can't get solar panels for free in Springfield. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $1,233.57 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.