Solar Panel Cost Guide in Edgewater, FL (2024 Update)

  • Edgewater Solar Installation Cost: $12,298
  • 25-Year Savings: $18,975
  • Payback Period: 10.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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 Edgewater

Find out what the average cost of solar panel installation is in Edgewater.

Although the national average of solar panels is $2.66 per watt, solar panels in Edgewater typically cost about 3.Using this figure, a typical 5.5-kW system would cost about $12,298 before the 0 federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Edgewater homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $20,000 over 20 years on utility bills.

Click the button below to get connected to a top solar company in Edgewater for a customized estimate.

Solar savings over time in Edgewater

Year Return on Investment
1 years $-10,924
3 years $-8,177
5 years $-5,430
7 years $-2,683
9 years $65
11 years $2,812
13 years $5,559
15 years $8,306
17 years $11,054
19 years $13,801
21 years $16,548
23 years $19,295
25 years $22,043

Top Solar Installers in Edgewater

Many homeowners choose to use a solar panel installer since trying to put up solar panels on your own can be time-consuming. Plus, if you aren’t sure what kind of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.

If you're looking for a solar company in Edgewater, the EcoWatch team has organized a list of our top suggestions here:

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 Edgewater

Factors that Affect Solar Panel Costs in Edgewater

For many Edgewater homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Edgewater, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar panel system in Edgewater, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by about $3,210 for each additional kilowatt you need.The model of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Edgewater, which can lower, or in some cases 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 opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar panel installation company you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 $3.34 $14,021 $17,406 11.2 years
8 kW $3.27 $18,336 $23,568 10.9 years
10 kW $3.21 $22,470 $29,909 10.7 years
12 kW $3.15 $26,425 $36,430 10.5 years
14 kW $3.08 $30,200 $43,131 10.3 years
16 kW $3.02 $33,795 $50,011 10.1 years
18 kW $2.95 $37,210 $57,071 9.9 years
20 kW $2.89 $40,446 $64,312 9.7 years

How to Save on Solar Panels

Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
  • Warranty: If you’re concerned about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
  • Solar Panel Brands: Different companies carry various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.

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 Edgewater, FL Solar Cost FAQs

How much does it cost to install solar panels in Edgewater?

The average cost of solar panels in Edgewater is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important thing to think about when buying solar panels?

Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase your home value?

Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t go for 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 long do solar panels last in Edgewater?

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 higher level 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.

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