Solar Panel Cost Guide in Wekiwa Springs, FL (Mar 2023)
- Wekiwa Springs Solar Installation Cost: $9,900
- 25-Year Savings: $22,347
- Payback Period: 7.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wekiwa Springs
Let's have a look at the average cost of solar panels in Wekiwa Springs.
The average cost of a solar panel system in Wekiwa Springs is 2.53 per watt. The average solar panel system size in Wekiwa Springs is around 5.6 kilowatts, meaning a cost of about $9,900 for a solar installation, or $14,157 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what company you go with. With typical savings of about $22,000 on power bills over 20 years, many homeowners in Wekiwa Springs find going solar can be quite rewarding.
To get a free estimate from a pre-vetted solar installer in Wekiwa Springs, you can click the button below.
Solar savings over time in Wekiwa Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,610 |
| 3 years | $-6,030 |
| 5 years | $-3,450 |
| 7 years | $-871 |
| 9 years | $1,709 |
| 11 years | $4,289 |
| 13 years | $6,869 |
| 15 years | $9,448 |
| 17 years | $12,028 |
| 19 years | $14,608 |
| 21 years | $17,188 |
| 23 years | $19,768 |
| 25 years | $22,347 |
Top Solar Installers in Wekiwa Springs
Putting up solar panels yourself can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
Working with a vetted solar installer 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 (coming 2022)
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 depends on 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 numerous factors that considerably 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 going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,530 per kilowatt in Wekiwa Springs. The type of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about 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
Most solar companies in Wekiwa Springs offer solar loans, which reduce the initial cost of installing solar panels. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in Wekiwa Springs, and each can charge varying amounts for labor and equipment. Companies that only sell high-efficiency and high-priced 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 choose a company that has the products, warranties and services you're looking for 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 panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Warranty: Warranties that cover defective panels and repairs 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 indication of a quality company.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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?
This is a tough 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Wekiwa Springs?
Leasing solar panels can be an appealing choice, as it typically 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.
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.