Solar Panel Cost Guide in Fairview Shores, FL (2023 Update)
- Fairview Shores Solar Installation Cost: $9,687
- 25-Year Savings: $20,889
- Payback Period: 7.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fairview Shores
We go over average solar pricing in Fairview Shores.
The national average cost of solar panels is $2.66 per watt, but in Fairview Shores it's 2.53 per watt. To account for the typical energy needs of the average home in Fairview Shores, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,687, or $13,852 before the federal solar tax credit of 30% is applied.
The true cost of your system can go higher or lower than the average in Fairview Shores based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a solid investment. The average homeowner in Fairview Shores can save about $21,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Fairview Shores for a custom estimate.
Solar savings over time in Fairview Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-8,464 |
| 3 years | $-6,018 |
| 5 years | $-3,572 |
| 7 years | $-1,126 |
| 9 years | $1,320 |
| 11 years | $3,766 |
| 13 years | $6,212 |
| 15 years | $8,658 |
| 17 years | $11,104 |
| 19 years | $13,551 |
| 21 years | $15,997 |
| 23 years | $18,443 |
| 25 years | $20,889 |
Top Solar Installers in Fairview Shores
When switching to solar energy, many homeowners opt to go with a solar company since putting up solar panels yourself can be a time-consuming project. In addition, if you'd like to maximize your investment in solar power, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our recommendations for providers nearby:
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 Fairview Shores
Factors that Affect Solar Panel Costs in Fairview Shores
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Fairview Shores: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,530. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, 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 Fairview Shores to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can play a part in determining how much it costs. Fairview Shores' solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $22,460 | 8.2 years |
| 8 kW | $2.58 | $14,451 | $30,231 | 8.1 years |
| 10 kW | $2.53 | $17,710 | $38,142 | 7.9 years |
| 12 kW | $2.48 | $20,827 | $46,196 | 7.8 years |
| 14 kW | $2.43 | $23,802 | $54,391 | 7.6 years |
| 16 kW | $2.38 | $26,636 | $62,728 | 7.5 years |
| 18 kW | $2.33 | $29,328 | $71,207 | 7.3 years |
| 20 kW | $2.28 | $31,878 | $79,827 | 7.1 years |
How to Save on Solar Panels
The company that does your solar 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:
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although 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 peruse their list of options before deciding.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Fairview Shores, FL Solar Cost FAQs
What is the average cost of installing solar panels in Fairview Shores?
The average cost of solar panels in Fairview Shores 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Fairview Shores?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Fairview Shores?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.