Solar Panel Cost Guide in Green Cove Springs, FL (2024 Update)
- Green Cove Springs Solar Installation Cost: $12,787
- 25-Year Savings: $20,063
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in Green Cove Springs
See how much it might cost to install solar panels in Green Cove Springs.
Although the national average of solar panels is $2.66 per watt, solar panels in Green Cove Springs generally cost about 3.Using this figure, a typical 5.7-kW system would cost about $12,787 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will differ based on factors unique to your home and what company you go with.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Green Cove Springs can save around $20,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Green Cove Springs for a custom estimate.
Solar savings over time in Green Cove Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,413 |
| 3 years | $-8,666 |
| 5 years | $-5,919 |
| 7 years | $-3,172 |
| 9 years | $-424 |
| 11 years | $2,323 |
| 13 years | $5,070 |
| 15 years | $7,817 |
| 17 years | $10,565 |
| 19 years | $13,312 |
| 21 years | $16,059 |
| 23 years | $18,806 |
| 25 years | $21,554 |
Top Solar Installers in Green Cove Springs
Many homeowners choose to use a solar panel installer since trying to install solar panels on your own can be hard. Another good thing about using a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
If you’d like to go solar but still aren’t sure which solar panel company to go with, here are our recommendations for providers in Green Cove Springs:
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 Green Cove Springs
Factors that Affect Solar Panel Costs in Green Cove Springs
There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,210 per kilowatt in Green Cove Springs.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Green Cove Springs, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect how much you pay. Green Cove Springs’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment 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 | $3.34 | $14,021 | $17,758 | 11.0 years |
| 8 kW | $3.27 | $18,336 | $24,037 | 10.8 years |
| 10 kW | $3.21 | $22,470 | $30,496 | 10.6 years |
| 12 kW | $3.15 | $26,425 | $37,134 | 10.4 years |
| 14 kW | $3.08 | $30,200 | $43,952 | 10.2 years |
| 16 kW | $3.02 | $33,795 | $50,950 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $58,128 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $65,485 | 9.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes 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 Green Cove Springs, FL Solar Cost FAQs
How much does it cost to install solar panels in Green Cove Springs?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally 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 other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Green Cove Springs?
Leasing solar panels can be an option if you can’t 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 bang for your buck from going solar.
Can you sell solar power back to the grid in Green Cove Springs?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
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 their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.