Solar Panel Cost Guide in Odessa, FL (2024 Update)
- Odessa Solar Installation Cost: $12,515
- 25-Year Savings: $20,653
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Odessa
We go over average solar pricing in Odessa.
The national average cost of solar panels is $2.66 per watt, but in Odessa it’s 3 per watt.The average solar panel system size in Odessa is around 5.6 kilowatts, meaning a cost of about $12,515 for a solar installation, or $17,896 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Odessa based on several factors, such as the brand of solar panels you choose and the solar company you hire.Even with the high upfront cost, the average Odessa homeowner can save around $22,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Odessa
| 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 Odessa
Although you can install solar panels on your own, it takes extra labor and expertise. That's one of the reasons the majority of homeowners choose a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for you.
If you're searching for a solar installer in Odessa, we've compiled 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 Odessa
Factors that Affect Solar Panel Costs in Odessa
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,210. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Odessa, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. 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 time, but they can also be a big investment. That’s why many Odessa homeowners choose to finance their solar panel systems to make going solar more affordable.Though solar loans make going solar more accessible for Odessa homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
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 Odessa is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you want and also fits within your budget.
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 | $18,853 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,497 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $32,320 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $39,323 | 10.0 years |
| 14 kW | $3.08 | $30,200 | $46,507 | 9.8 years |
| 16 kW | $3.02 | $33,795 | $53,869 | 9.6 years |
| 18 kW | $2.95 | $37,210 | $61,412 | 9.4 years |
| 20 kW | $2.89 | $40,446 | $69,134 | 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 find the right company for you, here are some tips to keep in mind:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
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 Odessa, FL Solar Cost FAQs
How much does it cost to install solar panels in Odessa?
This is a hard question to answer exactly, because the cost depends on a few different 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 be more expensive if you want additional 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.
Should I lease or buy solar panels in Odessa?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure 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 savings from going solar.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Odessa, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Odessa?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.