Solar Panel Cost Guide in Altamonte Springs, FL (2024 Update)
- Altamonte Springs Solar Installation Cost: $12,566
- 25-Year Savings: $21,229
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Altamonte Springs
Find out what the average cost of solar panels are in Altamonte Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Altamonte Springs, the average cost of solar panels is 3 per watt.The average Altamonte 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.
These figures are just estimates, and your own solar costs will most likely vary based on your energy needs and what company you want to go with.For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
To get a free estimate from a highly rated solar installation company in Altamonte Springs, you can click the button below.
Solar savings over time in Altamonte 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 Altamonte Springs
When making the switch to solar, many homeowners opt to use a solar installer since handling can be a difficult project. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Altamonte Springs
Factors that Affect Solar Panel Costs in Altamonte Springs
For many Altamonte Springs homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Altamonte 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 cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much 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 many years, but they can also be a significant investment. That’s why many Altamonte Springs homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Altamonte Springs, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Altamonte Springs know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $19,382 | 10.5 years |
| 8 kW | $3.27 | $18,336 | $26,202 | 10.3 years |
| 10 kW | $3.21 | $22,470 | $33,202 | 10.1 years |
| 12 kW | $3.15 | $26,425 | $40,381 | 9.9 years |
| 14 kW | $3.08 | $30,200 | $47,741 | 9.7 years |
| 16 kW | $3.02 | $33,795 | $55,280 | 9.5 years |
| 18 kW | $2.95 | $37,210 | $62,999 | 9.3 years |
| 20 kW | $2.89 | $40,446 | $70,898 | 9.1 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: The type of solar panel you want to install plays a role in which company you should go with, since different companies offer different panels.
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 Altamonte Springs, FL Solar Cost FAQs
How much does it cost to install solar panels in Altamonte Springs?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for 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 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.