Solar Panel Cost Guide in Sugarmill Woods, FL (2024 Update)
- Sugarmill Woods Solar Installation Cost: $12,573
- 25-Year Savings: $22,508
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Sugarmill Woods
Let’s have a look at the average cost of solar panels in Sugarmill Woods.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sugarmill Woods, the average cost of a solar system is 3 per watt.The average Sugarmill Woods homeowner needs a 5.6-kilowatt system, which would cost about $12,573 with the federal tax credit, or $17,979 before the 0 tax credit is applied.
How much you pay can be higher or lower than the average in Sugarmill Woods depending on several factors, such as the model of solar panels you choose and the solar installer you hire.With average savings of about $23,000 on energy bills over 20 years, many homeowners in Sugarmill Woods find investing in solar has a decent ROI.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Sugarmill Woods
| Year | Return on Investment |
|---|---|
| 1 years | $-10,798 |
| 3 years | $-7,248 |
| 5 years | $-3,699 |
| 7 years | $-149 |
| 9 years | $3,400 |
| 11 years | $6,950 |
| 13 years | $10,499 |
| 15 years | $14,049 |
| 17 years | $17,599 |
| 19 years | $21,148 |
| 21 years | $24,698 |
| 23 years | $28,247 |
| 25 years | $31,797 |
Top Solar Installers in Sugarmill Woods
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Using an installer can make swapping over to solar power much easier. Some solar installers, especially local ones, can help you better understand incentives in Sugarmill Woods, therefore optimizing your ROI.
If you’d like to make the switch to solar but still aren’t sure which solar system company to go with, here are our suggestions for providers nearby:
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 Sugarmill Woods
Factors that Affect Solar Panel Costs in Sugarmill Woods
The cost of installing a solar system in Sugarmill Woods can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about 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 falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Sugarmill Woods, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Sugarmill Woods, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $3.34 | $14,021 | $20,740 | 10.1 years |
| 8 kW | $3.27 | $18,336 | $28,013 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,466 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $43,098 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $50,911 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $58,903 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $67,074 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,426 | 8.7 years |
How to Save on Solar Panels
There are many companies available in Sugarmill Woods, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- 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.
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 Sugarmill Woods, FL Solar Cost FAQs
What is the average cost of installing solar panels in Sugarmill Woods?
The average cost of solar panels in Sugarmill Woods is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost 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 going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
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 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.