Solar Panel Cost Guide in Union Park, FL (2024 Update)
- Union Park Solar Installation Cost: $12,301
- 25-Year Savings: $21,523
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Union Park
Let’s take a look at the average cost of solar in Union Park.
While the national average of solar panels is $2.66 per watt, solar panels in Union Park typically cost about 3.The average Union Park homeowner needs a 5.5-kilowatt system, which would cost about $12,301 with the federal tax credit, or $17,590 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Union Park homeowner. 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, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $22,000 over 20 years on utility bills.
To get a free estimate from a highly rated solar installer in Union Park, you can click the button below.
Solar savings over time in Union Park
| Year | Return on Investment |
|---|---|
| 1 years | $-10,727 |
| 3 years | $-7,578 |
| 5 years | $-4,430 |
| 7 years | $-1,282 |
| 9 years | $1,867 |
| 11 years | $5,015 |
| 13 years | $8,164 |
| 15 years | $11,312 |
| 17 years | $14,460 |
| 19 years | $17,609 |
| 21 years | $20,757 |
| 23 years | $23,906 |
| 25 years | $27,054 |
Top Solar Installers in Union Park
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make converting to solar power much easier. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for you.
Working with a licensed solar company can help your solar project go smoothly. 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 Union Park
Factors that Affect Solar Panel Costs in Union Park
Even though the average cost of a solar system in Union Park is $12,301, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Union Park, one of the most crucial 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 consumption, which you can determine by looking at past power bills. Your total cost can increase by about $3,210 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Union Park, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Union Park homeowners choose to finance their solar panel systems to make going solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Union Park is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different price points.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $20,193 | 10.2 years |
| 8 kW | $3.27 | $18,336 | $27,284 | 10.0 years |
| 10 kW | $3.21 | $22,470 | $34,554 | 9.9 years |
| 12 kW | $3.15 | $26,425 | $42,005 | 9.7 years |
| 14 kW | $3.08 | $30,200 | $49,634 | 9.5 years |
| 16 kW | $3.02 | $33,795 | $57,444 | 9.3 years |
| 18 kW | $2.95 | $37,210 | $65,434 | 9.1 years |
| 20 kW | $2.89 | $40,446 | $73,603 | 8.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which company you should opt for, since different companies offer different panels.
- Warranty: If you care about the endurance of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide 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 Union Park, FL Solar Cost FAQs
What is the average cost of installing solar panels in Union Park?
This is a tough question to answer exactly, 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Union Park have a net metering program?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 take a 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 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.