Solar Panel Cost Guide in Union Park, FL (2023 Update)
- Union Park Solar Installation Cost: $9,695
- 25-Year Savings: $21,523
- Payback Period: 7.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Union Park
Find out how much it might cost to make the switch to solar in Union Park.
The national average cost of solar panels is $2.66 per watt, but in Union Park it's 2.53 per watt. Because a 5.5-kW system is needed to cover the energy usage of a typical home in Union Park, the average price of going solar will be about $9,687 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Union Park homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the high initial cost, the average Union Park homeowner can save about $22,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar company in your area for a custom quote.
Solar savings over time in Union Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,121 |
| 3 years | $-4,973 |
| 5 years | $-1,824 |
| 7 years | $1,324 |
| 9 years | $4,473 |
| 11 years | $7,621 |
| 13 years | $10,769 |
| 15 years | $13,918 |
| 17 years | $17,066 |
| 19 years | $20,215 |
| 21 years | $23,363 |
| 23 years | $26,511 |
| 25 years | $29,660 |
Top Solar Installers in Union Park
Although it's possible to install solar panels by yourself, it takes extra labor and knowledge. For that reason, almost all homeowners choose a solar panel installer. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Union Park
Factors that Affect Solar Panel Costs in Union Park
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Union Park: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,530 per kilowatt in Union Park. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Union Park, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Union Park provide solar loans, which reduce your upfront costs of installing solar. 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're only able to 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 interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to 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 | $2.63 | $11,051 | $23,164 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,168 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,314 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,602 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $56,032 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,603 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $73,316 | 7.1 years |
| 20 kW | $2.28 | $31,878 | $82,171 | 7.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Union Park, FL Solar Cost FAQs
How much does it cost to install solar panels in Union Park?
The average cost of solar panels in Union Park 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Union Park?
Solar panels aren't free in Union Park, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Union Park?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.