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.To account for the typical energy needs of the average home in Fairview Shores, most homeowners require a 5.5-kilowatt system. Using the figure above, a solar installation costs about $12,301, or $17,590 before the federal solar tax credit of 0 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 you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-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
When switching to solar energy, many homeowners choose to use a solar installation company since putting up solar panels yourself can be a time-consuming project. A solar company can also help save you money over time by offering warranties, repairs and part replacements.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Fairview Shores
Factors that Affect Solar Panel Costs in Fairview Shores
There are several factors 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 performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have 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 kind of solar panels and equipment you choose is another factor that will significantly influence 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 looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Fairview Shores is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fits within your budget.
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
There are numerous companies available in Fairview Shores, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: If you’re concerned about the longevity of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Fairview Shores, FL Solar Cost FAQs
How much does it cost to install solar panels in Fairview Shores?
The average cost of solar panels in Fairview Shores 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
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 install 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 the value of my home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.