Solar Panel Cost Guide in New Port Richey, FL (2024 Update)
- New Port Richey Solar Installation Cost: $12,515
- 25-Year Savings: $24,016
- Payback Period: 9.2 Years
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Average Cost of Solar Panels in New Port Richey
See how much it might cost to make the switch to solar in New Port Richey.
Although the national average of solar panels is $2.66 per watt, solar panels in New Port Richey typically cost around 3.Because a 5.6-kW system is needed to cover the energy consumption of a typical home in New Port Richey, the average price of going solar will be about $12,515 after claiming the federal solar tax credit of 0.
The true cost of your system can be above or below the average in New Port Richey based on several factors, such as the brand of solar panels you choose and the solar installer you hire.Even with the high upfront cost, the average New Port Richey homeowner can save about $24,000 on their power bills over 20 years, which is one of the advantages of solar.
To receive a free quote from a highly rated solar installer in New Port Richey, you can click the button below.
Solar savings over time in New Port Richey
| Year | Return on Investment |
|---|---|
| 1 years | $-10,740 |
| 3 years | $-7,191 |
| 5 years | $-3,641 |
| 7 years | $-92 |
| 9 years | $3,458 |
| 11 years | $7,007 |
| 13 years | $10,557 |
| 15 years | $14,107 |
| 17 years | $17,656 |
| 19 years | $21,206 |
| 21 years | $24,755 |
| 23 years | $28,305 |
| 25 years | $31,854 |
Top Solar Installers in New Port Richey
Many homeowners choose to use a solar installer since installing solar panels yourself can be hard. The expertise that solar companies offer can be helpful as well, especially if you aren’t sure what brand of solar equipment would be right for your home.
If you're looking for a solar installer in New Port Richey, the EcoWatch team has put together a list of our top suggestions here:
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 New Port Richey
Factors that Affect Solar Panel Costs in New Port Richey
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in New Port Richey: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.The brand and type of equipment you want for your solar system can increase or decrease 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 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. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in New Port Richey offer solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your total costs, so it’s vital to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in New Port Richey is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $22,475 | 9.6 years |
| 8 kW | $3.27 | $18,336 | $30,326 | 9.4 years |
| 10 kW | $3.21 | $22,470 | $38,357 | 9.2 years |
| 12 kW | $3.15 | $26,425 | $46,568 | 9.1 years |
| 14 kW | $3.08 | $30,200 | $54,958 | 8.9 years |
| 16 kW | $3.02 | $33,795 | $63,529 | 8.7 years |
| 18 kW | $2.95 | $37,210 | $72,279 | 8.5 years |
| 20 kW | $2.89 | $40,446 | $81,209 | 8.3 years |
How to Save on Solar Panels
There are many companies to choose from in New Port Richey, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Warranty: If you’re concerned about the durability of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 New Port Richey, FL Solar Cost FAQs
What is the average cost of installing solar panels in New Port Richey?
This is a hard question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in New Port Richey?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.