Solar Panel Cost Guide in Bonita Springs, FL (2023 Update)
- Bonita Springs Solar Installation Cost: $9,457
- 25-Year Savings: $19,436
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bonita Springs
Let's have a look at the average cost of solar panels in Bonita Springs.
While the national average of solar panels is $2.66 per watt, solar panels in Bonita Springs generally cost around 2.53. The average solar panel system size in Bonita Springs is around 5.3 kilowatts, meaning a cost of about $9,457 for a solar installation, or $13,524 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more. With average savings of about $21,000 on energy bills over 20 years, many homeowners in Bonita Springs find investing in solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in your area for a custom estimate.
Solar savings over time in Bonita Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,301 |
| 3 years | $-5,990 |
| 5 years | $-3,679 |
| 7 years | $-1,367 |
| 9 years | $944 |
| 11 years | $3,256 |
| 13 years | $5,567 |
| 15 years | $7,879 |
| 17 years | $10,190 |
| 19 years | $12,501 |
| 21 years | $14,813 |
| 23 years | $17,124 |
| 25 years | $19,436 |
Top Solar Installers in Bonita Springs
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your switch to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
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 (coming 2022)
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 Bonita Springs
Factors that Affect Solar Panel Costs in Bonita Springs
There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Bonita Springs, where sunlight is abundant, efficiency can quickly pay off. Also, 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
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Bonita Springs, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Bonita Springs, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $21,400 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,816 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,374 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,074 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $51,916 | 7.9 years |
| 16 kW | $2.38 | $26,636 | $59,899 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,024 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,291 | 7.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Bonita Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in Bonita Springs?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Bonita Springs?
A solar panel system isn't free in Bonita Springs, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bonita Springs is currently $368,765, which means you can look forward to a value of about $15,119 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Bonita Springs is a rewarding investment.
How long do solar panels last in Bonita Springs?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.