Solar Panel Cost Guide in Cocoa Beach, FL (2023 Update)

  • Cocoa Beach Solar Installation Cost: $8,926
  • 25-Year Savings: $20,233
  • Payback Period: 7.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Cocoa Beach

Let's take a look at the average cost of solar panels in Cocoa Beach.

Although the national average of solar panels is $2.66 per watt, solar panels in Cocoa Beach typically cost about 2.53. Since a 5.0-kW system is needed to cover the energy consumption of a typical home in Cocoa Beach, the average price of going solar will be about $8,926 after claiming the federal solar tax credit of 30%.

The true cost of your system can be higher or lower than the average in Cocoa Beach based on a few factors, such as the model of solar panels you choose and the solar installer you hire. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Cocoa Beach see about $22,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a vetted solar installer in Cocoa Beach for a quote for your home.

Solar savings over time in Cocoa Beach

Year Return on Investment
1 years $-7,759
3 years $-5,427
5 years $-3,094
7 years $-761
9 years $1,571
11 years $3,904
13 years $6,237
15 years $8,569
17 years $10,902
19 years $13,235
21 years $15,568
23 years $17,900
25 years $20,233

Top Solar Installers in Cocoa Beach

Although you can install solar panels yourself, it involves extra time and knowledge. For that reason, most homeowners choose to go with a solar panel installer. The expertise that solar installers offer can be helpful as well, especially if you don't quite know what brand of solar equipment you need.

You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Cocoa Beach:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Cocoa Beach

Factors that Affect Solar Panel Costs in Cocoa Beach

There are a number of criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Cocoa Beach, 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

Many homeowners find the average cost of solar in Cocoa Beach to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies in Cocoa Beach, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $23,673 8.0 years
8 kW $2.58 $14,451 $31,847 7.8 years
10 kW $2.53 $17,710 $40,163 7.7 years
12 kW $2.48 $20,827 $48,620 7.5 years
14 kW $2.43 $23,802 $57,220 7.3 years
16 kW $2.38 $26,636 $65,961 7.2 years
18 kW $2.33 $29,328 $74,843 7.0 years
20 kW $2.28 $31,878 $83,868 6.9 years

How to Save on Solar Panels

The solar installer you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:

  • Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
  • Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
  • Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should go with, since different companies have access to different panels.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Cocoa Beach, FL Solar Cost FAQs

What is the average cost of installing solar panels in Cocoa Beach?

The average cost of solar panels in Cocoa Beach is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Cocoa Beach?

A solar panel system isn't free in Cocoa Beach, 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.

Is it worth going solar in Cocoa Beach?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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