Solar Panel Cost Guide in Fernandina Beach, FL (2024 Update)
- Fernandina Beach Solar Installation Cost: $12,658
- 25-Year Savings: $22,688
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Fernandina Beach
We go over average solar pricing in Fernandina Beach.
The average cost of solar panels in Fernandina Beach is 3 per watt.Using this figure, a typical 5.6-kW system would cost about $12,658 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find going solar is a sound investment. The average homeowner in Fernandina Beach can save around $22,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Fernandina Beach that can help you get a more accurate cost estimate for your home.
Solar savings over time in Fernandina Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-10,663 |
| 3 years | $-6,672 |
| 5 years | $-2,682 |
| 7 years | $1,309 |
| 9 years | $5,300 |
| 11 years | $9,290 |
| 13 years | $13,281 |
| 15 years | $17,272 |
| 17 years | $21,262 |
| 19 years | $25,253 |
| 21 years | $29,244 |
| 23 years | $33,234 |
| 25 years | $37,225 |
Top Solar Installers in Fernandina Beach
DIY 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 an installer can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Fernandina Beach
Factors that Affect Solar Panel Costs in Fernandina Beach
Though the average cost of a solar system in Fernandina Beach is $12,658, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Fernandina Beach, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,210 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about 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
Many homeowners find the average cost of solar in Fernandina Beach to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.Though solar loans make going solar more accessible for Fernandina Beach homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Fernandina Beach, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.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 additional services like electric vehicle 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 | $20,769 | 10.1 years |
| 8 kW | $3.27 | $18,336 | $28,051 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,513 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $43,155 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $50,977 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $58,978 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $67,160 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,521 | 8.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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 Fernandina Beach, FL Solar Cost FAQs
How much does it cost to install solar panels in Fernandina Beach?
The average cost of solar panels in Fernandina Beach 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Fernandina Beach?
You can’t get solar panels for free in Fernandina Beach. 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 prefer to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose 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 often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.