Solar Panel Cost Guide in Fellsmere, FL (2023 Update)
- Fellsmere Solar Installation Cost: $9,422
- 25-Year Savings: $21,492
- Payback Period: 7.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fellsmere
Find out what the average cost of solar panel installation is in Fellsmere.
The average cost of a solar panel system in Fellsmere is 2.53 per watt. To account for the typical energy needs of the average home in Fellsmere, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,422, or $13,473 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and how much solar costs for you will look different based on your specific situation and what company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Fellsmere can save around $22,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Fellsmere
| Year | Return on Investment |
|---|---|
| 1 years | $-8,185 |
| 3 years | $-5,712 |
| 5 years | $-3,239 |
| 7 years | $-766 |
| 9 years | $1,707 |
| 11 years | $4,180 |
| 13 years | $6,653 |
| 15 years | $9,126 |
| 17 years | $11,599 |
| 19 years | $14,073 |
| 21 years | $16,546 |
| 23 years | $19,019 |
| 25 years | $21,492 |
Top Solar Installers in Fellsmere
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make converting to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Fellsmere
Factors that Affect Solar Panel Costs in Fellsmere
While the average cost of a solar system in Fellsmere is $9,422, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar panel system in Fellsmere, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,530 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, extra products, like solar batteries, can bring your total well above the Fellsmere average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Fellsmere, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence how much you pay. Fellsmere's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk 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 | $2.63 | $11,051 | $23,782 | 7.9 years |
| 8 kW | $2.58 | $14,451 | $31,992 | 7.8 years |
| 10 kW | $2.53 | $17,710 | $40,345 | 7.6 years |
| 12 kW | $2.48 | $20,827 | $48,839 | 7.5 years |
| 14 kW | $2.43 | $23,802 | $57,474 | 7.3 years |
| 16 kW | $2.38 | $26,636 | $66,252 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $75,171 | 7.0 years |
| 20 kW | $2.28 | $31,878 | $84,232 | 6.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project completion timeline rebates and warranties.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
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 Fellsmere, FL Solar Cost FAQs
How much does it cost to install solar panels in Fellsmere?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,161.10 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out 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 household 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.