Solar Panel Cost Guide in Fort Pierce North, FL (2023 Update)
- Fort Pierce North Solar Installation Cost: $9,298
- 25-Year Savings: $20,993
- Payback Period: 7.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Fort Pierce North
See how much it might cost to make the switch to solar in Fort Pierce North.
The national average cost of solar panels is $2.66 per watt, but in Fort Pierce North it's 2.53 per watt. The average Fort Pierce North homeowner needs a 5.2-kilowatt system, which would cost about $9,298 with the federal tax credit, or $13,296 before the 30% tax credit is applied.
The true price you pay can be higher or lower than the average in Fort Pierce North depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Fort Pierce North can save around $22,000 on their power bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Fort Pierce North, you can click the button below.
Solar savings over time in Fort Pierce North
| Year | Return on Investment |
|---|---|
| 1 years | $-9,197 |
| 3 years | $-8,995 |
| 5 years | $-8,793 |
| 7 years | $-8,591 |
| 9 years | $-8,389 |
| 11 years | $-8,187 |
| 13 years | $-7,986 |
| 15 years | $-7,784 |
| 17 years | $-7,582 |
| 19 years | $-7,380 |
| 21 years | $-7,178 |
| 23 years | $-6,976 |
| 25 years | $-6,774 |
Top Solar Installers in Fort Pierce North
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 switching to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't sure which solar panel company 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
See all of the solar companies in Fort Pierce North
Factors that Affect Solar Panel Costs in Fort Pierce North
The cost of installing a solar system in Fort Pierce North can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,530. There are several different solar panel brands and the one you choose also changes the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Although solar loans make switching to solar energy more accessible for Fort Pierce North homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Fort Pierce North is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different costs. Additionally, some companies in Fort Pierce North have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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
The solar installer you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- 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 large role in the company you hire.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 exactly, 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 more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Fort Pierce North?
Leasing solar panels can be an option if you can't 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 bang for your buck from going solar.
Does Fort Pierce North have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Fort Pierce North?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.