Solar Panel Cost Guide in Titusville, FL (2023 Update)
- Titusville Solar Installation Cost: $8,926
- 25-Year Savings: $21,005
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Titusville
Here's how much it might cost to switch to solar power in Titusville.
Although the national average of solar panels is $2.66 per watt, solar panels in Titusville generally cost around 2.53. Because a 5.0-kW system is needed to cover the energy costs of a typical home in Titusville, the average price of going solar will be about $8,926 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you go with. With typical savings of about $23,000 on electricity bills over 20 years, many homeowners in Titusville find going solar has a decent ROI.
To get a free quote from a top solar installer in Titusville, you can click the button below.
Solar savings over time in Titusville
| Year | Return on Investment |
|---|---|
| 1 years | $-7,729 |
| 3 years | $-5,334 |
| 5 years | $-2,940 |
| 7 years | $-545 |
| 9 years | $1,849 |
| 11 years | $4,244 |
| 13 years | $6,638 |
| 15 years | $9,033 |
| 17 years | $11,427 |
| 19 years | $13,822 |
| 21 years | $16,216 |
| 23 years | $18,610 |
| 25 years | $21,005 |
Top Solar Installers in Titusville
Although you can install solar panels yourself, it involves extra effort and expertise. For that reason, most people choose to hire a solar panel installer. Plus, if you're not certain what brand of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our suggestions for providers in Titusville:
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 Titusville
Factors that Affect Solar Panel Costs in Titusville
For many Titusville homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Titusville, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
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 ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect how much it costs. Titusville's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally 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 | $2.63 | $11,051 | $24,592 | 7.8 years |
| 8 kW | $2.58 | $14,451 | $33,073 | 7.6 years |
| 10 kW | $2.53 | $17,710 | $41,695 | 7.5 years |
| 12 kW | $2.48 | $20,827 | $50,459 | 7.3 years |
| 14 kW | $2.43 | $23,802 | $59,365 | 7.2 years |
| 16 kW | $2.38 | $26,636 | $68,413 | 7.0 years |
| 18 kW | $2.33 | $29,328 | $77,602 | 6.9 years |
| 20 kW | $2.28 | $31,878 | $86,933 | 6.7 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall 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 keep in mind, such as:
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Titusville, FL Solar Cost FAQs
What is the average cost of installing solar panels in Titusville?
The average cost of solar panels in Titusville 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 kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Titusville?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Titusville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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.