Solar Panel Cost Guide in Fleming Island, FL (2024 Update)
- Fleming Island Solar Installation Cost: $12,787
- 25-Year Savings: $19,850
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Fleming Island
Find out what the average cost of solar panels are in Fleming Island.
In Fleming Island, solar panels cost about 3 per watt on average.The average Fleming Island homeowner needs a 5.7-kilowatt system, which would cost about $12,787 with the federal tax credit, or $18,285 before the 0 tax credit is applied.
The true price you pay can go higher or lower than the average in Fleming Island depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Fleming Island can save around $20,000 on their energy bills over 20 years.
To receive a free estimate from a highly rated solar installer in Fleming Island, you can click the button below.
Solar savings over time in Fleming Island
| Year | Return on Investment |
|---|---|
| 1 years | $-11,277 |
| 3 years | $-8,258 |
| 5 years | $-5,239 |
| 7 years | $-2,220 |
| 9 years | $799 |
| 11 years | $3,818 |
| 13 years | $6,837 |
| 15 years | $9,856 |
| 17 years | $12,875 |
| 19 years | $15,894 |
| 21 years | $18,913 |
| 23 years | $21,932 |
| 25 years | $24,951 |
Top Solar Installers in Fleming Island
Installing solar panels by yourself can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for your family.
Working with a vetted 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 Fleming Island
Factors that Affect Solar Panel Costs in Fleming Island
The cost of installing a solar system in Fleming Island can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,210. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Fleming Island, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they decrease your upfront costs and let you 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 vital to take that into consideration 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
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Fleming Island is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services at different costs.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, 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 | $3.34 | $14,021 | $17,533 | 11.1 years |
| 8 kW | $3.27 | $18,336 | $23,737 | 10.9 years |
| 10 kW | $3.21 | $22,470 | $30,121 | 10.7 years |
| 12 kW | $3.15 | $26,425 | $36,684 | 10.5 years |
| 14 kW | $3.08 | $30,200 | $43,428 | 10.3 years |
| 16 kW | $3.02 | $33,795 | $50,351 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $57,453 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $64,736 | 9.6 years |
How to Save on Solar Panels
There are a large number of companies available in Fleming Island, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you’re concerned about the longevity of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
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 Fleming Island, FL Solar Cost FAQs
How much does it cost to install solar panels in Fleming Island?
This is a difficult question to answer precisely, because the cost depends on many 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 cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Fleming Island?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Fleming Island?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
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 typically produce about 250 to 400 watt-hours per hour, the average house 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.