Solar Panel Cost Guide in Winter Springs, FL (2024 Update)
- Winter Springs Solar Installation Cost: $12,566
- 25-Year Savings: $20,799
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Winter Springs
Let’s have a look at the average cost of solar in Winter Springs.
The average cost of a solar panel system in Winter Springs is 3 per watt.Since a 5.6-kW system is needed to cover the energy needs of a typical home in Winter Springs, the average price of going solar will be about $12,566 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Winter Springs homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar is worth paying. On average Winter Springs homeowners see about $21,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a personalized quote.
Solar savings over time in Winter Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,192 |
| 3 years | $-8,445 |
| 5 years | $-5,698 |
| 7 years | $-2,950 |
| 9 years | $-203 |
| 11 years | $2,544 |
| 13 years | $5,291 |
| 15 years | $8,039 |
| 17 years | $10,786 |
| 19 years | $13,533 |
| 21 years | $16,280 |
| 23 years | $19,027 |
| 25 years | $21,775 |
Top Solar Installers in Winter Springs
Although it's possible to install solar panels on your own, it takes extra energy and knowledge. For that reason, almost all homeowners choose a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Winter Springs
Factors that Affect Solar Panel Costs in Winter Springs
For many Winter Springs homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Winter Springs, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,210. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Winter Springs, 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
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Winter Springs, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Winter Springs is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $18,920 | 10.6 years |
| 8 kW | $3.27 | $18,336 | $25,586 | 10.4 years |
| 10 kW | $3.21 | $22,470 | $32,432 | 10.2 years |
| 12 kW | $3.15 | $26,425 | $39,458 | 10.0 years |
| 14 kW | $3.08 | $30,200 | $46,664 | 9.8 years |
| 16 kW | $3.02 | $33,795 | $54,049 | 9.6 years |
| 18 kW | $2.95 | $37,210 | $61,614 | 9.4 years |
| 20 kW | $2.89 | $40,446 | $69,359 | 9.2 years |
How to Save on Solar Panels
There are many 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:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: If you’re worried about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Winter Springs, FL Solar Cost FAQs
How much does it cost to install solar panels in Winter Springs?
The average cost of solar panels in Winter Springs is about $16,050 for a 5-kW system and $32,100 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 consume.
Is it better to lease or buy solar panels in Winter Springs?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Winter Springs is currently $425,857, which means you can expect a value of about $17,460 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Winter Springs is a fruitful investment.
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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.