Solar Panel Cost Guide in Wekiwa Springs, FL (2023 Update)
- Wekiwa Springs Solar Installation Cost: $9,904
- 25-Year Savings: $22,343
- Payback Period: 7.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wekiwa Springs
Here's how much it might cost to switch to solar power in Wekiwa Springs.
The national average cost of solar panels is $2.66 per watt, but in Wekiwa Springs it's 2.53 per watt. The average Wekiwa Springs homeowner needs a 5.6-kilowatt system, which would cost about $9,900 with the federal tax credit, or $14,157 before the 30% tax credit is applied.
These figures are only averages, and your own solar costs may vary based on the amount of energy your home requires and what company you choose to go with. But, once you've paid the initial cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar company in Wekiwa Springs for a custom quote.
Solar savings over time in Wekiwa Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,129 |
| 3 years | $-4,579 |
| 5 years | $-1,030 |
| 7 years | $2,520 |
| 9 years | $6,069 |
| 11 years | $9,619 |
| 13 years | $13,168 |
| 15 years | $16,718 |
| 17 years | $20,268 |
| 19 years | $23,817 |
| 21 years | $27,367 |
| 23 years | $30,916 |
| 25 years | $34,466 |
Top Solar Installers in Wekiwa Springs
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make your swap to solar power much easier. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a licensed solar company can make going solar easier. 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 Wekiwa Springs
Factors that Affect Solar Panel Costs in Wekiwa Springs
For many Wekiwa Springs homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Wekiwa Springs, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Wekiwa Springs, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,530 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on 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 for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Wekiwa Springs, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. Even though solar loans make going solar more accessible for Wekiwa Springs homeowners, they can also raise 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
Lastly, the company you opt for to install your solar panels can influence your pricing. Wekiwa Springs' solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that offers the products, warranties and services you want and also fit into your budget.
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 | $23,547 | 8.0 years |
| 8 kW | $2.58 | $14,451 | $31,680 | 7.8 years |
| 10 kW | $2.53 | $17,710 | $39,954 | 7.7 years |
| 12 kW | $2.48 | $20,827 | $48,370 | 7.5 years |
| 14 kW | $2.43 | $23,802 | $56,927 | 7.4 years |
| 16 kW | $2.38 | $26,636 | $65,627 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $74,468 | 7.1 years |
| 20 kW | $2.28 | $31,878 | $83,450 | 6.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
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 Wekiwa Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in Wekiwa Springs?
The average cost of solar panels in Wekiwa Springs 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 things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.