Solar Panel Cost Guide in Valparaiso, FL (2023 Update)
- Valparaiso Solar Installation Cost: $10,290
- 25-Year Savings: $22,719
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Valparaiso
We break down average solar pricing in Valparaiso.
In Valparaiso, solar panels cost about 2.53 per watt on average. Because a 5.8-kW system is needed to cover the energy costs of a typical home in Valparaiso, the average price of going solar will be about $10,290 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and your own solar costs may differ based on your energy needs and what company you choose to go with. Despite the high upfront cost, the average Valparaiso homeowner can save around $22,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar company in Valparaiso for a personalized estimate.
Solar savings over time in Valparaiso
| Year | Return on Investment |
|---|---|
| 1 years | $-8,969 |
| 3 years | $-6,328 |
| 5 years | $-3,688 |
| 7 years | $-1,047 |
| 9 years | $1,594 |
| 11 years | $4,234 |
| 13 years | $6,875 |
| 15 years | $9,516 |
| 17 years | $12,156 |
| 19 years | $14,797 |
| 21 years | $17,438 |
| 23 years | $20,078 |
| 25 years | $22,719 |
Top Solar Installers in Valparaiso
When switching to solar energy, many homeowners prefer to hire a solar company since installing a solar system yourself can be a time-consuming project. The payback period of solar panels will vary based on factors like your location and energy use, but working with a solar installer can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
If you'd like to start using solar energy but still aren't sure which solar system company to go with, here are our recommendations 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
See all of the solar companies in Valparaiso
Factors that Affect Solar Panel Costs in Valparaiso
For many Valparaiso homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Valparaiso, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,530. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular option because they lower your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Valparaiso, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $23,040 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,004 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,109 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,355 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,744 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,274 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $72,946 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,759 | 7.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that cover panel repairs and maintenance 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 sign of a good company.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should go with, since different companies have different panels.
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 Valparaiso, FL Solar Cost FAQs
What is the average cost of installing solar panels in Valparaiso?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Valparaiso?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Valparaiso have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
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 install 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.