Solar Panel Cost Guide in Ridge Manor, FL (2024 Update)
- Ridge Manor Solar Installation Cost: $12,554
- 25-Year Savings: $21,581
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Ridge Manor
Find out how much it might cost to switch to solar power in Ridge Manor.
The average cost of solar panels in Ridge Manor is 3 per watt.The average Ridge Manor homeowner needs a 5.6-kilowatt system, which would cost about $12,554 with the federal tax credit, or $17,952 before the 0 tax credit is applied.
The actual price you pay can be higher or lower than the average in Ridge Manor based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.With average savings of about $23,000 on electricity bills over 20 years, many homeowners in Ridge Manor find installing solar panels has a decent ROI.
Click the button below to get connected to a reputable solar installer in your area for a customized estimate.
Solar savings over time in Ridge Manor
| Year | Return on Investment |
|---|---|
| 1 years | $-10,780 |
| 3 years | $-7,230 |
| 5 years | $-3,681 |
| 7 years | $-131 |
| 9 years | $3,419 |
| 11 years | $6,968 |
| 13 years | $10,518 |
| 15 years | $14,067 |
| 17 years | $17,617 |
| 19 years | $21,166 |
| 21 years | $24,716 |
| 23 years | $28,266 |
| 25 years | $31,815 |
Top Solar Installers in Ridge Manor
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make swapping over to solar power much easier. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor too, which can save you more money over time.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Ridge Manor
Factors that Affect Solar Panel Costs in Ridge Manor
While the average cost of a solar system in Ridge Manor is $12,554, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Ridge Manor, where sunlight is abundant, efficiency can quickly pay off. Also, 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
If paying for a solar system in cash is too expensive, solar loans are a popular choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on 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 impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to 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 down to compete with bigger names.
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 | $19,780 | 10.4 years |
| 8 kW | $3.27 | $18,336 | $26,733 | 10.2 years |
| 10 kW | $3.21 | $22,470 | $33,866 | 10.0 years |
| 12 kW | $3.15 | $26,425 | $41,178 | 9.8 years |
| 14 kW | $3.08 | $30,200 | $48,670 | 9.6 years |
| 16 kW | $3.02 | $33,795 | $56,342 | 9.4 years |
| 18 kW | $2.95 | $37,210 | $64,194 | 9.2 years |
| 20 kW | $2.89 | $40,446 | $72,225 | 9.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the completion timeline.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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 Ridge Manor, FL Solar Cost FAQs
How much does it cost to install solar panels in Ridge Manor?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Ridge Manor?
A solar panel system isn’t free in Ridge Manor, but there are some options that can make getting them more affordable, 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 will installing solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ridge Manor is currently $255,858, which means you could be looking at a value of about $10,490 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Ridge Manor is a rewarding investment.
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 uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.