Solar Panel Cost Guide in Green Cove Springs, FL (2023 Update)
- Green Cove Springs Solar Installation Cost: $10,078
- 25-Year Savings: $20,063
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Green Cove Springs
Find out how much it might cost to go solar in Green Cove Springs.
The average cost of a solar panel system in Green Cove Springs is 2.53 per watt. The average solar panel system size in Green Cove Springs is around 5.7 kilowatts, meaning a cost of about $10,077 for a solar installation, or $14,410 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will look different based on your energy needs and what company you go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Green Cove Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,704 |
| 3 years | $-5,957 |
| 5 years | $-3,210 |
| 7 years | $-463 |
| 9 years | $2,284 |
| 11 years | $5,032 |
| 13 years | $7,779 |
| 15 years | $10,526 |
| 17 years | $13,273 |
| 19 years | $16,021 |
| 21 years | $18,768 |
| 23 years | $21,515 |
| 25 years | $24,262 |
Top Solar Installers in Green Cove Springs
Many homeowners choose to hire a solar panel installer since figuring out how to install solar panels yourself can be challenging. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
There are several licensed solar professionals that can take care of your solar installation project. 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 Green Cove Springs
Factors that Affect Solar Panel Costs in Green Cove Springs
The cost of installing a solar system in Green Cove Springs can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest 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 size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,530. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Green Cove Springs average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Green Cove Springs homeowners decide to finance their solar panel systems to make going solar more affordable. Though solar loans make adopting solar energy more accessible for Green Cove Springs homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, 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 | $2.63 | $11,051 | $20,728 | 8.7 years |
| 8 kW | $2.58 | $14,451 | $27,921 | 8.5 years |
| 10 kW | $2.53 | $17,710 | $35,256 | 8.4 years |
| 12 kW | $2.48 | $20,827 | $42,732 | 8.2 years |
| 14 kW | $2.43 | $23,802 | $50,350 | 8.0 years |
| 16 kW | $2.38 | $26,636 | $58,109 | 7.9 years |
| 18 kW | $2.33 | $29,328 | $66,011 | 7.7 years |
| 20 kW | $2.28 | $31,878 | $74,053 | 7.5 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:
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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 Green Cove Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in Green Cove Springs?
The average cost of solar panels in Green Cove Springs is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Green Cove Springs?
Solar panels aren't free in Green Cove Springs, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Green Cove Springs?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.