Solar Panel Cost Guide in Silver Springs Shores, FL (2024 Update)
- Silver Springs Shores Solar Installation Cost: $12,744
- 25-Year Savings: $23,439
- Payback Period: 9.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Silver Springs Shores
We break down average solar pricing in Silver Springs Shores.
The average cost of a solar panel system in Silver Springs Shores is 3 per watt.To cover the typical energy needs of the average home in Silver Springs Shores, most homeowners require a 5.7-kilowatt system. Using the figure above, a solar installation costs about $12,744, or $18,224 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Silver Springs Shores homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $24,000 on electricity bills over 20 years, many homeowners in Silver Springs Shores find installing solar panels can pay off big.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Silver Springs Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-10,969 |
| 3 years | $-7,420 |
| 5 years | $-3,870 |
| 7 years | $-321 |
| 9 years | $3,229 |
| 11 years | $6,778 |
| 13 years | $10,328 |
| 15 years | $13,878 |
| 17 years | $17,427 |
| 19 years | $20,977 |
| 21 years | $24,526 |
| 23 years | $28,076 |
| 25 years | $31,625 |
Top Solar Installers in Silver Springs Shores
Many homeowners decide to use a solar installation company since trying to put up solar panels on your own can be time-consuming. Some solar installers, especially local ones, can help you better understand incentives in Silver Springs Shores, therefore optimizing your ROI.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Silver Springs Shores
Factors that Affect Solar Panel Costs in Silver Springs Shores
Though the average cost of a solar system in Silver Springs Shores is $12,744, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,210 per kilowatt in Silver Springs Shores.There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Silver Springs Shores homeowners opt to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Silver Springs Shores, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, 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 | $21,400 | 9.9 years |
| 8 kW | $3.27 | $18,336 | $28,893 | 9.7 years |
| 10 kW | $3.21 | $22,470 | $36,566 | 9.5 years |
| 12 kW | $3.15 | $26,425 | $44,419 | 9.3 years |
| 14 kW | $3.08 | $30,200 | $52,451 | 9.1 years |
| 16 kW | $3.02 | $33,795 | $60,663 | 8.9 years |
| 18 kW | $2.95 | $37,210 | $69,055 | 8.8 years |
| 20 kW | $2.89 | $40,446 | $77,626 | 8.6 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: If you care about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading over your solar company’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 component breaking or the company going out of business.
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 Silver Springs Shores, FL Solar Cost FAQs
How much does it cost to install solar panels in Silver Springs Shores?
This is a hard question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, 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 bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,180.72 per year.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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.