Solar Panel Cost Guide in Umatilla, FL (2024 Update)
- Umatilla Solar Installation Cost: $12,571
- 25-Year Savings: $23,575
- Payback Period: 9.4 Years
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Average Cost of Solar Panels in Umatilla
Here’s how much it might cost to make the switch to solar in Umatilla.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Umatilla, the average cost of a solar system is 3 per watt.To account for the typical energy usage of the average home in Umatilla, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs about $12,571, or $17,977 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.Even with the significant initial cost, the average Umatilla homeowner can save about $24,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar company in your area for a personalized quote.
Solar savings over time in Umatilla
| Year | Return on Investment |
|---|---|
| 1 years | $-10,797 |
| 3 years | $-7,247 |
| 5 years | $-3,697 |
| 7 years | $-148 |
| 9 years | $3,402 |
| 11 years | $6,951 |
| 13 years | $10,501 |
| 15 years | $14,050 |
| 17 years | $17,600 |
| 19 years | $21,150 |
| 21 years | $24,699 |
| 23 years | $28,249 |
| 25 years | $31,798 |
Top Solar Installers in Umatilla
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be challenging. The payback period of solar panels will vary depending on factors like your roof configuration and energy needs, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Umatilla
Factors that Affect Solar Panel Costs in Umatilla
For many Umatilla homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Umatilla, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,210.There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Umatilla, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the amount of 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 principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Umatilla, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Umatilla have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $21,888 | 9.8 years |
| 8 kW | $3.27 | $18,336 | $29,543 | 9.6 years |
| 10 kW | $3.21 | $22,470 | $37,378 | 9.4 years |
| 12 kW | $3.15 | $26,425 | $45,393 | 9.2 years |
| 14 kW | $3.08 | $30,200 | $53,588 | 9.0 years |
| 16 kW | $3.02 | $33,795 | $61,962 | 8.8 years |
| 18 kW | $2.95 | $37,210 | $70,517 | 8.6 years |
| 20 kW | $2.89 | $40,446 | $79,251 | 8.4 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:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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 Umatilla, FL Solar Cost FAQs
How much does it cost to install solar panels in Umatilla?
The average cost of solar panels in Umatilla is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Umatilla?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,196.97 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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 account for 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.