Solar Panel Cost Guide in Highland City, FL (2024 Update)
- Highland City Solar Installation Cost: $12,358
- 25-Year Savings: $16,619
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Highland City
We break down average solar pricing in Highland City.
The average cost of a solar system in Highland City is 3 per watt.Because a 5.5-kW system is needed to cover the energy needs of a typical home in Highland City, the average price of going solar will be about $12,358 after claiming the federal solar tax credit of 0.
These figures are only estimates, and how much solar costs for you will most likely vary based on your specific situation and what company you choose to go with.Even with the significant upfront cost, the average Highland City homeowner can save about $19,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar company in your area for a customized estimate.
Solar savings over time in Highland City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,929 |
| 3 years | $-8,070 |
| 5 years | $-5,212 |
| 7 years | $-2,353 |
| 9 years | $505 |
| 11 years | $3,364 |
| 13 years | $6,222 |
| 15 years | $9,081 |
| 17 years | $11,939 |
| 19 years | $14,798 |
| 21 years | $17,656 |
| 23 years | $20,515 |
| 25 years | $23,373 |
Top Solar Installers in Highland City
Many homeowners opt for a solar installation company since trying to install solar panels on your own can be a lot of work. The payback period on an investment in solar panels will vary depending on factors like your location and energy usage, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers in Highland City:
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 Highland City
Factors that Affect Solar Panel Costs in Highland City
Even though the average cost of a solar system in Highland City is $12,358, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,210.The type of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating in Highland City, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better 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 down 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 | $14,734 | 12.2 years |
| 8 kW | $3.27 | $18,336 | $20,005 | 12.0 years |
| 10 kW | $3.21 | $22,470 | $25,456 | 11.7 years |
| 12 kW | $3.15 | $26,425 | $31,086 | 11.5 years |
| 14 kW | $3.08 | $30,200 | $36,896 | 11.3 years |
| 16 kW | $3.02 | $33,795 | $42,886 | 11.0 years |
| 18 kW | $2.95 | $37,210 | $49,056 | 10.8 years |
| 20 kW | $2.89 | $40,446 | $55,405 | 10.5 years |
How to Save on Solar Panels
There are many companies to choose from in Highland City, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Warranty: If you’re worried about the longevity of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The kind of solar panel you’d like to install plays a role in which installer you should choose, since different companies have access to 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 Highland City, FL Solar Cost FAQs
How much does it cost to install solar panels in Highland City?
This is a tough 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 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 cheaper solar panels.
Is it better to lease or buy solar panels in Highland City?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase your property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 buy 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.