Solar Panel Cost Guide in Wekiwa Springs, FL (2024 Update)
- Wekiwa Springs Solar Installation Cost: $12,566
- 25-Year Savings: $22,343
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Wekiwa Springs
We break down average solar pricing in Wekiwa Springs.
Although the national average of solar panels is $2.66 per watt, solar panels in Wekiwa Springs generally cost around 3.To account for the typical energy usage of the average home in Wekiwa Springs, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs about $12,566, or $17,969 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Wekiwa Springs can save about $22,000 on their electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Wekiwa Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-10,791 |
| 3 years | $-7,241 |
| 5 years | $-3,692 |
| 7 years | $-142 |
| 9 years | $3,407 |
| 11 years | $6,957 |
| 13 years | $10,506 |
| 15 years | $14,056 |
| 17 years | $17,606 |
| 19 years | $21,155 |
| 21 years | $24,705 |
| 23 years | $28,254 |
| 25 years | $31,804 |
Top Solar Installers in Wekiwa Springs
Although it's possible to install solar panels on your own, it takes extra labor and expertise. That's why most homeowners choose a solar panel installer. In addition, if you’d like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
Working with a vetted solar company can help you make the most of your investment in solar. 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 Wekiwa Springs
Factors that Affect Solar Panel Costs in Wekiwa Springs
For many Wekiwa Springs homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Wekiwa Springs, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,210. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Wekiwa Springs, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Wekiwa Springs offer solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s vital to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Wekiwa Springs, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fit into your budget.
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 | $20,577 | 10.1 years |
| 8 kW | $3.27 | $18,336 | $27,796 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,194 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $42,772 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $50,530 | 9.4 years |
| 16 kW | $3.02 | $33,795 | $58,468 | 9.2 years |
| 18 kW | $2.95 | $37,210 | $66,585 | 9.0 years |
| 20 kW | $2.89 | $40,446 | $74,882 | 8.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Contract: When reading through 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 such as a system part breaking or the company going out of business.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
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 Wekiwa Springs, FL Solar Cost FAQs
How much does it cost to install solar panels in Wekiwa Springs?
The average cost of solar panels in Wekiwa Springs 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Wekiwa Springs?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside 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.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.