Solar Panel Cost Guide in Naples, FL (2024 Update)
- Naples Solar Installation Cost: $11,905
- 25-Year Savings: $19,486
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Naples
Find out what the average cost of solar panels are in Naples.
While the national average of solar panels is $2.66 per watt, solar panels in Naples typically cost about 3.Since a 5.3-kW system is needed to cover the energy needs of a typical home in Naples, the average price of going solar will be about $11,905 after claiming the federal solar tax credit of 0.
The actual price you pay can be above or below the average in Naples based on a few factors, such as the brand of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on power bills.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Naples
| Year | Return on Investment |
|---|---|
| 1 years | $-10,531 |
| 3 years | $-7,784 |
| 5 years | $-5,036 |
| 7 years | $-2,289 |
| 9 years | $458 |
| 11 years | $3,206 |
| 13 years | $5,953 |
| 15 years | $8,700 |
| 17 years | $11,448 |
| 19 years | $14,195 |
| 21 years | $16,942 |
| 23 years | $19,690 |
| 25 years | $22,437 |
Top Solar Installers in Naples
Trying to put up solar panels yourself can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar installer in Naples, we've compiled a list of our top suggestions here:
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 Naples
Factors that Affect Solar Panel Costs in Naples
The cost of installing a solar system in Naples can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need 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 $3,210.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over five to seven years on average.Although solar loans make adopting solar energy more accessible for Naples homeowners, they can also add to 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 consideration when trying to figure out the cost of solar for your home or business in Naples is the company you choose to install your solar system. As with 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.The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $18,672 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,255 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $32,019 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $38,962 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $46,085 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,387 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,869 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $68,532 | 9.3 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
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 Naples, FL Solar Cost FAQs
How much does it cost to install solar panels in Naples?
This is a tough question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Naples?
You can’t get solar panels for free in Naples. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Naples is currently $593,694, so you can expect a value of about $24,341 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Naples is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.