Solar Panel Cost Guide in West DeLand, FL (2023 Update)
- West DeLand Solar Installation Cost: $12,298
- 25-Year Savings: $21,911
- Payback Period: 9.7 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in West DeLand
Let's take a look at the average cost of solar in West DeLand.
Although the national average of solar panels is $2.66 per watt, solar panels in West DeLand generally cost around 2.53.The average solar panel system size in West DeLand is around 5.5 kilowatts, meaning a cost of about $9,687 for a solar installation, or $13,852 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you want to go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $22,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar installer in West DeLand for a personalized quote.
Solar savings over time in West DeLand
| Year | Return on Investment |
|---|---|
| 1 years | $-10,523 |
| 3 years | $-6,974 |
| 5 years | $-3,424 |
| 7 years | $126 |
| 9 years | $3,675 |
| 11 years | $7,225 |
| 13 years | $10,774 |
| 15 years | $14,324 |
| 17 years | $17,873 |
| 19 years | $21,423 |
| 21 years | $24,973 |
| 23 years | $28,522 |
| 25 years | $32,072 |
Top Solar Installers in West DeLand
Although it's possible to install solar panels by yourself, it requires extra time and handiness. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you opt for a solar company as well, which can save you more money after your upfront investment.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some 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 West DeLand
Factors that Affect Solar Panel Costs in West DeLand
There are a number of criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,530. The kind 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 be more costly. Further, solar equipment goes beyond 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 into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in West DeLand, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.Although solar loans make adopting solar energy more accessible for West DeLand homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can influence your pricing. West DeLand's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment 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 | $3.34 | $14,021 | $20,626 | 10.1 years |
| 8 kW | $3.27 | $18,336 | $27,860 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,275 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $42,869 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $50,643 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $58,597 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $66,731 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,044 | 8.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: When reading through 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 if the company goes out of business.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Solar Panel Brands: The type of solar panel you'd like to get plays a part in which installer you should go with, since different companies have access to different panels.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 West DeLand, FL Solar Cost FAQs
How much does it cost to install solar panels in West DeLand?
The average cost of solar panels in West DeLand is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in West DeLand?
You can't get solar panels for free in West DeLand. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.