Solar Panel Cost Guide in Buenaventura Lakes, FL (2024 Update)
- Buenaventura Lakes Solar Installation Cost: $12,187
- 25-Year Savings: $22,642
- Payback Period: 9.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Buenaventura Lakes
See how much it might cost to go solar in Buenaventura Lakes.
While the national average of solar panels is $2.66 per watt, solar panels in Buenaventura Lakes typically cost about 3.To account for the typical energy needs of the average home in Buenaventura Lakes, most homeowners require a 5.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,187, or $17,427 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.With typical savings of about $23,000 on electricity bills over 20 years, many homeowners in Buenaventura Lakes find installing solar panels can be quite rewarding.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in Buenaventura Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-10,412 |
| 3 years | $-6,863 |
| 5 years | $-3,313 |
| 7 years | $236 |
| 9 years | $3,786 |
| 11 years | $7,336 |
| 13 years | $10,885 |
| 15 years | $14,435 |
| 17 years | $17,984 |
| 19 years | $21,534 |
| 21 years | $25,083 |
| 23 years | $28,633 |
| 25 years | $32,183 |
Top Solar Installers in Buenaventura Lakes
Trying to install solar panels by yourself can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you decide which one will be best for you.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our recommendations for providers near you:
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 Buenaventura Lakes
Factors that Affect Solar Panel Costs in Buenaventura Lakes
Even though the average cost of a solar system in Buenaventura Lakes is $12,187, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system 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. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Buenaventura Lakes, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Buenaventura Lakes homeowners decide to finance their solar panel systems to make going solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Buenaventura Lakes, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by offering 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 car 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 | $3.34 | $14,021 | $21,652 | 9.8 years |
| 8 kW | $3.27 | $18,336 | $29,229 | 9.6 years |
| 10 kW | $3.21 | $22,470 | $36,986 | 9.4 years |
| 12 kW | $3.15 | $26,425 | $44,922 | 9.3 years |
| 14 kW | $3.08 | $30,200 | $53,038 | 9.1 years |
| 16 kW | $3.02 | $33,795 | $61,334 | 8.9 years |
| 18 kW | $2.95 | $37,210 | $69,810 | 8.7 years |
| 20 kW | $2.89 | $40,446 | $78,465 | 8.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Buenaventura Lakes, FL Solar Cost FAQs
How much does it cost to install solar panels in Buenaventura Lakes?
This is a difficult 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 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 want a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Buenaventura Lakes?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.