Solar Panel Cost Guide in Alafaya, FL (2024 Update)
- Alafaya Solar Installation Cost: $12,301
- 25-Year Savings: $21,394
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Alafaya
Find out what the average cost of solar panel installation is in Alafaya.
The national average cost of solar panels is $2.66 per watt, but in Alafaya it’s 3 per watt.Using this figure, a typical 5.5-kW system would cost about $12,301 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Even with the large initial cost, the average Alafaya homeowner can save about $22,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar panel company in Alafaya for a customized quote.
Solar savings over time in Alafaya
| Year | Return on Investment |
|---|---|
| 1 years | $-10,767 |
| 3 years | $-7,699 |
| 5 years | $-4,631 |
| 7 years | $-1,562 |
| 9 years | $1,506 |
| 11 years | $4,574 |
| 13 years | $7,642 |
| 15 years | $10,710 |
| 17 years | $13,778 |
| 19 years | $16,847 |
| 21 years | $19,915 |
| 23 years | $22,983 |
| 25 years | $26,051 |
Top Solar Installers in Alafaya
Although you can install solar panels by yourself, it requires extra effort and expertise. For that reason, the majority of homeowners choose to hire a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Alafaya
Factors that Affect Solar Panel Costs in Alafaya
While the average cost of a solar system in Alafaya is $12,301, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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. Additionally, add-on products, such as solar batteries, can bring your total well above the Alafaya average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Alafaya, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk 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 | $20,052 | 10.3 years |
| 8 kW | $3.27 | $18,336 | $27,096 | 10.1 years |
| 10 kW | $3.21 | $22,470 | $34,319 | 9.9 years |
| 12 kW | $3.15 | $26,425 | $41,722 | 9.7 years |
| 14 kW | $3.08 | $30,200 | $49,305 | 9.5 years |
| 16 kW | $3.02 | $33,795 | $57,068 | 9.3 years |
| 18 kW | $2.95 | $37,210 | $65,010 | 9.1 years |
| 20 kW | $2.89 | $40,446 | $73,133 | 8.9 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. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
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 Alafaya, FL Solar Cost FAQs
How much does it cost to install solar panels in Alafaya?
This is a hard question to answer exactly, because the cost depends on a few different 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 other solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Alafaya?
You can’t get solar panels for free in Alafaya. 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 how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Alafaya is currently $472,103, which means you could be looking at a value of about $19,356 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Alafaya is a rewarding investment.
How long do solar panels last in Alafaya?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.