Solar Panel Cost Guide in Keystone, FL (2024 Update)
- Keystone Solar Installation Cost: $12,394
- 25-Year Savings: $20,803
- Payback Period: 10.1 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 Keystone
Find out what the average cost of a solar system is in Keystone.
The average cost of solar panels in Keystone is 3 per watt.To account for the typical energy needs of the average home in Keystone, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,394, or $17,723 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in Keystone based on several factors, such as the brand of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $22,000 over 20 years on utility bills.
To get a free quote from a vetted solar company in Keystone, you can click the button below.
Solar savings over time in Keystone
| Year | Return on Investment |
|---|---|
| 1 years | $-10,619 |
| 3 years | $-7,070 |
| 5 years | $-3,520 |
| 7 years | $30 |
| 9 years | $3,579 |
| 11 years | $7,129 |
| 13 years | $10,678 |
| 15 years | $14,228 |
| 17 years | $17,777 |
| 19 years | $21,327 |
| 21 years | $24,877 |
| 23 years | $28,426 |
| 25 years | $31,976 |
Top Solar Installers in Keystone
Trying to install solar panels on your own can be a difficult project, which is why using a solar installation company is a good option for many homeowners. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy usage, but working with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 Keystone
Factors that Affect Solar Panel Costs in Keystone
For many Keystone homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Keystone, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Keystone, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Keystone, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.While solar loans make switching to solar energy more accessible for Keystone homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Keystone 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.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 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 | $19,233 | 10.5 years |
| 8 kW | $3.27 | $18,336 | $26,004 | 10.3 years |
| 10 kW | $3.21 | $22,470 | $32,954 | 10.1 years |
| 12 kW | $3.15 | $26,425 | $40,085 | 9.9 years |
| 14 kW | $3.08 | $30,200 | $47,394 | 9.7 years |
| 16 kW | $3.02 | $33,795 | $54,884 | 9.5 years |
| 18 kW | $2.95 | $37,210 | $62,554 | 9.3 years |
| 20 kW | $2.89 | $40,446 | $70,403 | 9.1 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:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
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 Keystone, FL Solar Cost FAQs
What is the average cost of installing solar panels in Keystone?
The average cost of solar panels in Keystone is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
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 Keystone is currently $463,704, so you can look forward to a value of about $19,012 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Keystone is a fruitful investment.
How often do you have to replace solar panels?
Though 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 their energy production will have decreased significantly after that point. You can choose to replace them once you've had 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.