Solar Panel Cost Guide in Taylor Creek, FL (2024 Update)
- Taylor Creek Solar Installation Cost: $12,279
- 25-Year Savings: $23,540
- Payback Period: 9.2 Years
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Average Cost of Solar Panels in Taylor Creek
Here’s how much it might cost to go solar in Taylor Creek.
Although the national average of solar panels is $2.66 per watt, solar panels in Taylor Creek typically cost around 3.The average Taylor Creek homeowner needs a 5.5-kilowatt system, which would cost about $12,279 with the federal tax credit, or $17,559 before the 0 tax credit is applied.
The actual price you pay can be higher or lower than the average in Taylor Creek depending on several factors, such as the kind of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Taylor Creek see about $23,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Taylor Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-10,906 |
| 3 years | $-8,158 |
| 5 years | $-5,411 |
| 7 years | $-2,664 |
| 9 years | $83 |
| 11 years | $2,830 |
| 13 years | $5,578 |
| 15 years | $8,325 |
| 17 years | $11,072 |
| 19 years | $13,819 |
| 21 years | $16,567 |
| 23 years | $19,314 |
| 25 years | $22,061 |
Top Solar Installers in Taylor Creek
When making the switch to solar, many homeowners choose to use a solar company since installing solar panels yourself can be a challenging project. Solar warranties and repairs are ordinarily included in the cost of installation when you sign a contract with a solar company as well, which can save you more money over time.
If you're looking for a solar company in Taylor Creek, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- 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
- 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 Taylor Creek
Factors that Affect Solar Panel Costs in Taylor Creek
The cost of installing a solar system in Taylor Creek can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Taylor Creek, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $3,210 for each additional kilowatt you need.The model of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond 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 looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Taylor Creek, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.Though solar loans make adopting solar energy more accessible for Taylor Creek homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $22,450 | 9.6 years |
| 8 kW | $3.27 | $18,336 | $30,293 | 9.4 years |
| 10 kW | $3.21 | $22,470 | $38,315 | 9.2 years |
| 12 kW | $3.15 | $26,425 | $46,517 | 9.1 years |
| 14 kW | $3.08 | $30,200 | $54,899 | 8.9 years |
| 16 kW | $3.02 | $33,795 | $63,461 | 8.7 years |
| 18 kW | $2.95 | $37,210 | $72,203 | 8.5 years |
| 20 kW | $2.89 | $40,446 | $81,124 | 8.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
Best National Provider
SunPower
- 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
- 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 Taylor Creek, FL Solar Cost FAQs
How much does it cost to install solar panels in Taylor Creek?
The average cost of solar panels in Taylor Creek 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Taylor Creek?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Taylor Creek, 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 many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 buy between 20 and 35 panels to account for 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.