Solar Panel Cost Guide in Taylor Creek, FL (2023 Update)
- Taylor Creek Solar Installation Cost: $9,678
- 25-Year Savings: $23,540
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Taylor Creek
Let's have a look at the average cost of solar in Taylor Creek.
The average cost of a solar panel system in Taylor Creek is 2.53 per watt. To account for the typical energy usage of the average home in Taylor Creek, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,670, or $13,828 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Taylor Creek homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $23,000 over 20 years on utility bills.
Click the button below to get connected to a top solar installer in Taylor Creek for a customized quote.
Solar savings over time in Taylor Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-8,305 |
| 3 years | $-5,557 |
| 5 years | $-2,810 |
| 7 years | $-63 |
| 9 years | $2,684 |
| 11 years | $5,432 |
| 13 years | $8,179 |
| 15 years | $10,926 |
| 17 years | $13,673 |
| 19 years | $16,421 |
| 21 years | $19,168 |
| 23 years | $21,915 |
| 25 years | $24,662 |
Top Solar Installers in Taylor Creek
Trying to put up solar panels yourself can be a challenging undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for your family.
If you'd like to start using solar energy but still aren't sure which solar company to go with, here are our suggestions for providers near you:
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
For many Taylor Creek homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Taylor Creek, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,530 per kilowatt in Taylor Creek. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Taylor Creek average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Taylor Creek, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, 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 hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Taylor Creek, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $25,420 | 7.6 years |
| 8 kW | $2.58 | $14,451 | $34,177 | 7.4 years |
| 10 kW | $2.53 | $17,710 | $43,075 | 7.3 years |
| 12 kW | $2.48 | $20,827 | $52,115 | 7.1 years |
| 14 kW | $2.43 | $23,802 | $61,297 | 7.0 years |
| 16 kW | $2.38 | $26,636 | $70,620 | 6.8 years |
| 18 kW | $2.33 | $29,328 | $80,085 | 6.7 years |
| 20 kW | $2.28 | $31,878 | $89,692 | 6.6 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While 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 ask for their list of options before making your decision.
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion 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
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 $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart 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.
How will having solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
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.