Solar Panel Cost Guide in Fort Pierce North, FL (2023 Update)
- Fort Pierce North Solar Installation Cost: $9,298
- 25-Year Savings: $20,994
- Payback Period: 7.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fort Pierce North
Find out what the average cost of solar panels are in Fort Pierce North.
The average cost of solar panels in Fort Pierce North is 2.53 per watt. Since a 5.2-kW system is needed to cover the energy consumption of a typical home in Fort Pierce North, the average price of going solar will be about $9,298 after claiming the federal solar tax credit of 30%.
The true price you pay can go higher or lower than the average in Fort Pierce North based on several factors, such as the model of solar panels you choose and the solar company you hire. Many homeowners find going solar is a solid investment. The average homeowner in Fort Pierce North can save around $22,000 on their power bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Fort Pierce North for a custom estimate.
Solar savings over time in Fort Pierce North
| Year | Return on Investment |
|---|---|
| 1 years | $-8,086 |
| 3 years | $-5,663 |
| 5 years | $-3,240 |
| 7 years | $-816 |
| 9 years | $1,607 |
| 11 years | $4,030 |
| 13 years | $6,454 |
| 15 years | $8,877 |
| 17 years | $11,300 |
| 19 years | $13,724 |
| 21 years | $16,147 |
| 23 years | $18,570 |
| 25 years | $20,994 |
Top Solar Installers in Fort Pierce North
Trying to put up solar panels on your own can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be useful as well, especially if you aren't sure what type of solar equipment you need.
If you're searching for a solar company in Fort Pierce North, the EcoWatch team has put together a list of our top suggestions here:
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 Fort Pierce North
Factors that Affect Solar Panel Costs in Fort Pierce North
For many Fort Pierce North homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Fort Pierce North, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require 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 $2,530. The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, 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 looking into a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Fort Pierce North offer solar loans, which reduce your upfront costs of installing solar panels. Although solar loans make switching to solar energy more accessible for Fort Pierce North homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Fort Pierce North is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services at different costs. Larger national companies usually have lower costs, but some local companies undercut them by offering 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 | $2.63 | $11,051 | $23,566 | 8.0 years |
| 8 kW | $2.58 | $14,451 | $31,705 | 7.8 years |
| 10 kW | $2.53 | $17,710 | $39,985 | 7.7 years |
| 12 kW | $2.48 | $20,827 | $48,407 | 7.5 years |
| 14 kW | $2.43 | $23,802 | $56,971 | 7.4 years |
| 16 kW | $2.38 | $26,636 | $65,676 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $74,523 | 7.1 years |
| 20 kW | $2.28 | $31,878 | $83,512 | 6.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations 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 access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
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 Fort Pierce North, FL Solar Cost FAQs
How much does it cost to install solar panels in Fort Pierce North?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Fort Pierce North?
Leasing solar panels can be an option if you are unable to pay upfront or secure 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 financial benefits from going solar.
Can you sell solar power back to the grid in Fort Pierce North?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 stop working completely at that time. What this means is their energy production 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.