Solar Panel Cost Guide in Fairview Shores, FL (2024 Update)
- Fairview Shores Solar Installation Cost: $12,301
- 25-Year Savings: $20,881
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Fairview Shores
Find out how much it might cost to make the switch to solar in Fairview Shores.
The national average cost of solar panels is $2.66 per watt, but in Fairview Shores it’s 3 per watt.Using this figure, a typical 5.5-kW system would cost about $12,301 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Fairview Shores homeowners. The cost 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.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Fairview Shores can save about $21,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Fairview Shores for a quote for your home.
Solar savings over time in Fairview Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-10,622 |
| 3 years | $-7,264 |
| 5 years | $-3,906 |
| 7 years | $-548 |
| 9 years | $2,811 |
| 11 years | $6,169 |
| 13 years | $9,527 |
| 15 years | $12,885 |
| 17 years | $16,243 |
| 19 years | $19,601 |
| 21 years | $22,959 |
| 23 years | $26,317 |
| 25 years | $29,676 |
Top Solar Installers in Fairview Shores
Installing solar panels yourself can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies provide can be useful as well, especially if you aren’t sure what kind of solar equipment you need.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Fairview Shores:
Best National Provider
SunPower
- 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
- 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
There are a number of factors that can play into your total 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
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use 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 $3,210.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Fairview Shores average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $3.34 | $14,021 | $19,490 | 10.5 years |
| 8 kW | $3.27 | $18,336 | $26,346 | 10.3 years |
| 10 kW | $3.21 | $22,470 | $33,382 | 10.1 years |
| 12 kW | $3.15 | $26,425 | $40,598 | 9.9 years |
| 14 kW | $3.08 | $30,200 | $47,994 | 9.7 years |
| 16 kW | $3.02 | $33,795 | $55,569 | 9.5 years |
| 18 kW | $2.95 | $37,210 | $63,324 | 9.3 years |
| 20 kW | $2.89 | $40,446 | $71,259 | 9.1 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. Since picking a company can be difficult, we have some tips to help you, such as:
- 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 brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- 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
- 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
How much does it cost to install solar panels in Fairview Shores?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other 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 Fairview Shores?
You can’t get solar panels for free in Fairview Shores. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fairview Shores is currently $357,205, so you can expect a value of about $14,645 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Fairview Shores is a rewarding investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.