Solar Panel Cost Guide in Winter Springs, FL (2024 Update)
- Winter Springs Solar Installation Cost: $12,566
- 25-Year Savings: $20,799
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Winter Springs
Let’s have a look at the average cost of solar in Winter Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Winter Springs, the typical cost of solar panels is 3 per watt.The average Winter Springs homeowner needs a 5.6-kilowatt system, which would cost about $12,566 with the federal tax credit, or $17,969 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more.But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $21,000 over 20 years on power bills.
Click the button below to get connected to a highly rated solar company in Winter Springs for a customized quote.
Solar savings over time in Winter Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,192 |
| 3 years | $-8,445 |
| 5 years | $-5,698 |
| 7 years | $-2,950 |
| 9 years | $-203 |
| 11 years | $2,544 |
| 13 years | $5,291 |
| 15 years | $8,039 |
| 17 years | $10,786 |
| 19 years | $13,533 |
| 21 years | $16,280 |
| 23 years | $19,027 |
| 25 years | $21,775 |
Top Solar Installers in Winter Springs
When going solar, many homeowners prefer to go with a solar company since installing solar panels yourself can be a challenging project. Another good thing about using a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
Working with a professional solar installer can make going solar easier. 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 Winter Springs
Factors that Affect Solar Panel Costs in Winter Springs
The cost of installing a solar system in Winter Springs can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately ascertain 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 better efficiency. In a city like Winter Springs, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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 installers in Winter Springs provide solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to 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 promotion 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 | $18,920 | 10.6 years |
| 8 kW | $3.27 | $18,336 | $25,586 | 10.4 years |
| 10 kW | $3.21 | $22,470 | $32,432 | 10.2 years |
| 12 kW | $3.15 | $26,425 | $39,458 | 10.0 years |
| 14 kW | $3.08 | $30,200 | $46,664 | 9.8 years |
| 16 kW | $3.02 | $33,795 | $54,049 | 9.6 years |
| 18 kW | $2.95 | $37,210 | $61,614 | 9.4 years |
| 20 kW | $2.89 | $40,446 | $69,359 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Warranty: If you’re concerned about the longevity of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
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 Winter Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in Winter Springs?
The average cost of solar panels in Winter 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 stuff 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 Winter Springs?
Leasing solar panels can be an appealing choice, as it typically 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 way to go if you want to get the most savings.
How will installing solar panels impact my home value?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 how much 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 get between 20 and 35 panels to cover 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.