Solar Panel Cost Guide in Citrus Springs, FL (2024 Update)
- Citrus Springs Solar Installation Cost: $12,573
- 25-Year Savings: $23,766
- Payback Period: 9.3 Years
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Average Cost of Solar Panels in Citrus Springs
Find out what the average cost of solar panel installation is in Citrus Springs.
Although the national average of solar panels is $2.66 per watt, solar panels in Citrus Springs typically cost around 3.Because a 5.6-kW system is needed to cover the energy costs of a typical home in Citrus Springs, the average price of going solar will be about $12,573 after claiming the federal solar tax credit of 0.
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 quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average Citrus Springs homeowners see about $24,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Citrus Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-10,798 |
| 3 years | $-7,248 |
| 5 years | $-3,699 |
| 7 years | $-149 |
| 9 years | $3,400 |
| 11 years | $6,950 |
| 13 years | $10,499 |
| 15 years | $14,049 |
| 17 years | $17,599 |
| 19 years | $21,148 |
| 21 years | $24,698 |
| 23 years | $28,247 |
| 25 years | $31,797 |
Top Solar Installers in Citrus Springs
Many homeowners choose to use a solar panel company since figuring out how to install solar panels by yourself can be time-consuming. Also, if you’d like to maximize your investment in solar, opting for a solar company can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Citrus Springs
Factors that Affect Solar Panel Costs in Citrus Springs
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Citrus Springs: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Citrus Springs, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.The kind of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Citrus Springs to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time due to interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to 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 securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Citrus Springs, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $22,090 | 9.7 years |
| 8 kW | $3.27 | $18,336 | $29,812 | 9.5 years |
| 10 kW | $3.21 | $22,470 | $37,715 | 9.3 years |
| 12 kW | $3.15 | $26,425 | $45,797 | 9.1 years |
| 14 kW | $3.08 | $30,200 | $54,059 | 9.0 years |
| 16 kW | $3.02 | $33,795 | $62,501 | 8.8 years |
| 18 kW | $2.95 | $37,210 | $71,122 | 8.6 years |
| 20 kW | $2.89 | $40,446 | $79,924 | 8.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: The kind of solar panel you’d like to get plays a part in which installer you should go with, since different companies have access to different panels.
- Installation Process: When making the switch to solar, it’s crucial to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Citrus Springs, FL Solar Cost FAQs
How much does it cost to install solar panels in Citrus Springs?
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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Citrus Springs?
You can’t get solar panels for free in Citrus Springs. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
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 Citrus Springs is currently $303,437, which means you can look forward to a value of about $12,441 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Citrus Springs is a rewarding investment.
How long do solar panels last in Citrus Springs?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.