Solar Panel Cost Guide in Progress Village, FL (2024 Update)
- Progress Village Solar Installation Cost: $12,394
- 25-Year Savings: $16,463
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Progress Village
Find out what the average cost of solar panel installation is in Progress Village.
The average cost of a solar panel system in Progress Village is 3 per watt.Using this figure, a typical 5.5-kW system would cost about $12,394 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may vary based on your energy needs and what company you want to go with.Despite the large upfront cost, the average Progress Village homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free estimate from a vetted solar installer in Progress Village, you can click the button below.
Solar savings over time in Progress Village
| Year | Return on Investment |
|---|---|
| 1 years | $-11,069 |
| 3 years | $-8,418 |
| 5 years | $-5,767 |
| 7 years | $-3,116 |
| 9 years | $-466 |
| 11 years | $2,185 |
| 13 years | $4,836 |
| 15 years | $7,486 |
| 17 years | $10,137 |
| 19 years | $12,788 |
| 21 years | $15,439 |
| 23 years | $18,089 |
| 25 years | $20,740 |
Top Solar Installers in Progress Village
Many homeowners choose to hire a solar panel installer since trying to put up solar panels by yourself can be hard. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're searching for a solar installer in Progress Village, we've organized 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 Progress Village
Factors that Affect Solar Panel Costs in Progress Village
There are several criteria that can play into your solar panel 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,210 per kilowatt in Progress Village.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Progress Village, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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
Many homeowners find the average cost of solar in Progress Village to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Progress Village know more 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 end up saving you 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 | $14,513 | 12.3 years |
| 8 kW | $3.27 | $18,336 | $19,710 | 12.0 years |
| 10 kW | $3.21 | $22,470 | $25,087 | 11.8 years |
| 12 kW | $3.15 | $26,425 | $30,643 | 11.6 years |
| 14 kW | $3.08 | $30,200 | $36,380 | 11.3 years |
| 16 kW | $3.02 | $33,795 | $42,296 | 11.1 years |
| 18 kW | $2.95 | $37,210 | $48,392 | 10.9 years |
| 20 kW | $2.89 | $40,446 | $54,667 | 10.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Progress Village, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Get details 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.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Progress Village, FL Solar Cost FAQs
How much does it cost to install solar panels in Progress Village?
The average cost of solar panels in Progress Village 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Progress Village?
Solar panels aren’t free in Progress Village, 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 can help lower the cost.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Progress Village, that will require at least a 10-kW system. Not all homes can accommodate 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 many solar panels do I need 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 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 buy 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.