Solar Panel Cost Guide in High Springs, FL (2024 Update)
- High Springs Solar Installation Cost: $12,791
- 25-Year Savings: $21,056
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in High Springs
Let’s take a look at the average cost of solar in High Springs.
The average cost of a solar panel system in High Springs is 3 per watt.The average High Springs homeowner needs a 5.7-kilowatt system, which would cost about $12,791 with the federal tax credit, or $18,291 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs may vary based on your specific situation and what company you want to go with.With average savings of about $22,000 on utility bills over 20 years, many homeowners in High Springs find going solar has a decent ROI.
Click the button below to get connected to a highly rated solar installer in your area for a personalized estimate.
Solar savings over time in High Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,193 |
| 3 years | $-7,997 |
| 5 years | $-4,801 |
| 7 years | $-1,605 |
| 9 years | $1,591 |
| 11 years | $4,786 |
| 13 years | $7,982 |
| 15 years | $11,178 |
| 17 years | $14,374 |
| 19 years | $17,570 |
| 21 years | $20,766 |
| 23 years | $23,962 |
| 25 years | $27,157 |
Top Solar Installers in High Springs
When going solar, many homeowners prefer to go with a solar installer since installing solar panels yourself can be a challenging project. Another advantage of going with a solar company is that they can help you make the most of your investment by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t certain which solar panel company to go with, here are our suggestions for providers near you:
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 High Springs
Factors that Affect Solar Panel Costs in High Springs
For many High Springs homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in High Springs, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $3,210 per kilowatt in High Springs.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in High Springs, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in High Springs is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets.The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $18,799 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,425 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $32,230 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $39,215 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $46,380 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,725 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $61,250 | 9.4 years |
| 20 kW | $2.89 | $40,446 | $68,954 | 9.2 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 pick the right company for you, here are some tips to keep in mind:
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The type of solar panel you want plays a part in which installer you should opt for, since different companies offer different panels.
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 High Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in High Springs?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly 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 more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in High Springs?
You can’t get solar panels for free in High 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.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in High Springs is currently $309,213, which means you could be looking at a value of about $12,678 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in High Springs is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 get 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.