Solar Panel Cost Guide in Winter Springs, FL (2023 Update)
- Winter Springs Solar Installation Cost: $9,900
- 25-Year Savings: $20,803
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Winter Springs
Find out how much it might cost to install solar panels in Winter Springs.
The national average cost of solar panels is $2.66 per watt, but in Winter Springs it's 2.53 per watt. Using this figure, a typical 5.6-kW system would cost about $9,900 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what solar installer you go with. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $21,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar company in Winter Springs for a personalized quote.
Solar savings over time in Winter Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,672 |
| 3 years | $-6,216 |
| 5 years | $-3,759 |
| 7 years | $-1,303 |
| 9 years | $1,153 |
| 11 years | $3,609 |
| 13 years | $6,066 |
| 15 years | $8,522 |
| 17 years | $10,978 |
| 19 years | $13,434 |
| 21 years | $15,891 |
| 23 years | $18,347 |
| 25 years | $20,803 |
Top Solar Installers in Winter Springs
Installing solar panels on your own can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you're searching for a solar installer in Winter Springs, the EcoWatch team has put together a list of our top suggestions here:
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
The cost of installing a solar system in Winter Springs can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel 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 nearly $2,530. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Winter Springs offer solar loans, which reduce your upfront costs of installing solar panels. It's wise to include 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 off the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Winter Springs is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services at different costs. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $21,890 | 8.4 years |
| 8 kW | $2.58 | $14,451 | $29,471 | 8.2 years |
| 10 kW | $2.53 | $17,710 | $37,192 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $45,056 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $53,061 | 7.7 years |
| 16 kW | $2.38 | $26,636 | $61,208 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $69,497 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $77,927 | 7.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Winter Springs, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Warranty: If you care about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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?
This is a tough question to answer exactly, because the cost depends on a variety of 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Winter Springs?
A solar panel system isn't free in Winter Springs, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,098.05 per year.
How long do solar panels last in Winter Springs?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.