Solar Panel Cost Guide in Wright, FL (2024 Update)
- Wright Solar Installation Cost: $13,054
- 25-Year Savings: $23,663
- Payback Period: 9.6 Years
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Average Cost of Solar Panels in Wright
Find out what the average cost of solar panels are in Wright.
The average cost of a solar panel system in Wright is 3 per watt.The average Wright homeowner needs a 5.8-kilowatt system, which would cost about $13,054 with the federal tax credit, or $18,667 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.Despite the significant initial cost, the average Wright homeowner can save about $22,000 on their energy bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Wright
| Year | Return on Investment |
|---|---|
| 1 years | $-11,294 |
| 3 years | $-7,776 |
| 5 years | $-4,257 |
| 7 years | $-739 |
| 9 years | $2,780 |
| 11 years | $6,298 |
| 13 years | $9,817 |
| 15 years | $13,335 |
| 17 years | $16,854 |
| 19 years | $20,372 |
| 21 years | $23,891 |
| 23 years | $27,409 |
| 25 years | $30,928 |
Top Solar Installers in Wright
Although you can install solar panels on your own, it requires extra labor and know-how. For that reason, the majority of homeowners choose a solar panel installer. Another benefit of utilizing a solar company is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar installer in Wright, the EcoWatch team has organized 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Wright
Factors that Affect Solar Panel Costs in Wright
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Wright: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 around $3,210. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Wright average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Wright, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Wright, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Companies that 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 cost more. It’s best to do some research and choose a company that provides the products, warranties and services you’re looking for and also is within 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 | $3.34 | $14,021 | $21,044 | 10.0 years |
| 8 kW | $3.27 | $18,336 | $28,418 | 9.8 years |
| 10 kW | $3.21 | $22,470 | $35,972 | 9.6 years |
| 12 kW | $3.15 | $26,425 | $43,706 | 9.4 years |
| 14 kW | $3.08 | $30,200 | $51,619 | 9.2 years |
| 16 kW | $3.02 | $33,795 | $59,713 | 9.0 years |
| 18 kW | $2.95 | $37,210 | $67,986 | 8.8 years |
| 20 kW | $2.89 | $40,446 | $76,438 | 8.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Wright, FL Solar Cost FAQs
What is the average cost of installing solar panels in Wright?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 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 opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Wright?
Solar panels aren’t free in Wright, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
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 Wright is currently $406,244, which means you can look forward to a value of about $16,656 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wright is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size 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 usually produce about 250 to 400 watt-hours per hour, the average household 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.