Solar Panel Cost Guide in Leesburg, FL (2024 Update)
- Leesburg Solar Installation Cost: $12,571
- 25-Year Savings: $23,503
- Payback Period: 9.4 Years
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Average Cost of Solar Panels in Leesburg
Let’s have a look at the average cost of solar panels in Leesburg.
The average cost of solar panels in Leesburg is 3 per watt.To account for the typical energy needs of the average home in Leesburg, most homeowners require a 5.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,571, or $17,977 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 solar panels. The true cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy usage and what company you go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $24,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Leesburg that can help you get a more accurate cost estimate for your home.
Solar savings over time in Leesburg
| Year | Return on Investment |
|---|---|
| 1 years | $-10,797 |
| 3 years | $-7,247 |
| 5 years | $-3,697 |
| 7 years | $-148 |
| 9 years | $3,402 |
| 11 years | $6,951 |
| 13 years | $10,501 |
| 15 years | $14,050 |
| 17 years | $17,600 |
| 19 years | $21,150 |
| 21 years | $24,699 |
| 23 years | $28,249 |
| 25 years | $31,798 |
Top Solar Installers in Leesburg
Many homeowners choose to use a solar installation company since trying to put up solar panels on your own can be hard. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Leesburg
Factors that Affect Solar Panel Costs in Leesburg
For many Leesburg homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Leesburg, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important 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 — cost more upfront but also tend to offer better efficiency. In a city like Leesburg, 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 many years, but they can also be a significant investment. That’s why many Leesburg homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Leesburg, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more 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 companies.
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 | $21,810 | 9.8 years |
| 8 kW | $3.27 | $18,336 | $29,440 | 9.6 years |
| 10 kW | $3.21 | $22,470 | $37,249 | 9.4 years |
| 12 kW | $3.15 | $26,425 | $45,238 | 9.2 years |
| 14 kW | $3.08 | $30,200 | $53,407 | 9.0 years |
| 16 kW | $3.02 | $33,795 | $61,755 | 8.8 years |
| 18 kW | $2.95 | $37,210 | $70,284 | 8.7 years |
| 20 kW | $2.89 | $40,446 | $78,992 | 8.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
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 Leesburg, FL Solar Cost FAQs
How much does it cost to install solar panels in Leesburg?
The average cost of solar panels in Leesburg 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 things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Leesburg?
Solar panels aren’t free in Leesburg, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Leesburg have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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.