Solar Panel Cost Guide in Cocoa West, FL (2023 Update)
- Cocoa West Solar Installation Cost: $8,926
- 25-Year Savings: $21,262
- Payback Period: 7.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Cocoa West
Let's take a look at the average cost of solar in Cocoa West.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cocoa West, the average cost of a solar system is 2.53 per watt. Since a 5.0-kW system is needed to cover the energy consumption of a typical home in Cocoa West, the average price of going solar will be about $8,926 after claiming the federal solar tax credit of 30%.
The actual price you pay can be above or below the average in Cocoa West depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Cocoa West see about $23,000 in savings on utility bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a customized estimate.
Solar savings over time in Cocoa West
| Year | Return on Investment |
|---|---|
| 1 years | $-7,718 |
| 3 years | $-5,303 |
| 5 years | $-2,888 |
| 7 years | $-473 |
| 9 years | $1,942 |
| 11 years | $4,357 |
| 13 years | $6,772 |
| 15 years | $9,187 |
| 17 years | $11,602 |
| 19 years | $14,017 |
| 21 years | $16,432 |
| 23 years | $18,847 |
| 25 years | $21,262 |
Top Solar Installers in Cocoa West
Many homeowners decide to hire a solar installer since trying to put up solar panels by yourself can be hard. Plus, if you're unsure what type of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Cocoa West
Factors that Affect Solar Panel Costs in Cocoa West
Even though the average cost of a solar system in Cocoa West is $8,926, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,530 per kilowatt in Cocoa West. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Cocoa West to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. While solar loans make adopting solar energy more accessible for Cocoa West homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Cocoa West is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different costs. Additionally, some companies in Cocoa West are more knowledgeable about local solar incentives and can help you make good use of 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 | $2.63 | $11,051 | $24,899 | 7.7 years |
| 8 kW | $2.58 | $14,451 | $33,482 | 7.5 years |
| 10 kW | $2.53 | $17,710 | $42,206 | 7.4 years |
| 12 kW | $2.48 | $20,827 | $51,073 | 7.2 years |
| 14 kW | $2.43 | $23,802 | $60,080 | 7.1 years |
| 16 kW | $2.38 | $26,636 | $69,230 | 6.9 years |
| 18 kW | $2.33 | $29,328 | $78,521 | 6.8 years |
| 20 kW | $2.28 | $31,878 | $87,954 | 6.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Warranty: If you're concerned about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- 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 like a system component breaking or the company going out of business.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Cocoa West, FL Solar Cost FAQs
What is the average cost of installing solar panels in Cocoa West?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Cocoa West?
Solar panels aren't free in Cocoa West, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Cocoa West have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How long do solar panels last in Cocoa West?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.