Solar Panel Cost Guide in Palatka, FL (2024 Update)
- Palatka Solar Installation Cost: $12,763
- 25-Year Savings: $20,019
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in Palatka
Find out what the average cost of a solar system is in Palatka.
In Palatka, solar panels cost about 3 per watt on average.Because a 5.7-kW system is needed to cover the energy costs of a typical home in Palatka, the average price of going solar will be about $12,763 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Palatka homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar company in Palatka for a quote for your home.
Solar savings over time in Palatka
| Year | Return on Investment |
|---|---|
| 1 years | $-11,390 |
| 3 years | $-8,643 |
| 5 years | $-5,895 |
| 7 years | $-3,148 |
| 9 years | $-401 |
| 11 years | $2,346 |
| 13 years | $5,094 |
| 15 years | $7,841 |
| 17 years | $10,588 |
| 19 years | $13,335 |
| 21 years | $16,083 |
| 23 years | $18,830 |
| 25 years | $21,577 |
Top Solar Installers in Palatka
Although you can install solar panels by yourself, it requires extra effort and knowledge. Because of that, almost all homeowners choose to hire a solar panel installer. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for you.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our recommendations for providers nearby:
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 Palatka
Factors that Affect Solar Panel Costs in Palatka
For many Palatka homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Palatka, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Palatka, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Palatka average.
Solar Financing Terms
Most solar installers in Palatka have solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also increases your overall costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Palatka, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Palatka are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $17,751 | 11.0 years |
| 8 kW | $3.27 | $18,336 | $24,027 | 10.8 years |
| 10 kW | $3.21 | $22,470 | $30,483 | 10.6 years |
| 12 kW | $3.15 | $26,425 | $37,119 | 10.4 years |
| 14 kW | $3.08 | $30,200 | $43,935 | 10.2 years |
| 16 kW | $3.02 | $33,795 | $50,930 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $58,105 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $65,460 | 9.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
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 Palatka, FL Solar Cost FAQs
What is the average cost of installing solar panels in Palatka?
The average cost of solar panels in Palatka 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 type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Palatka?
You can’t get solar panels for free in Palatka. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can 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.