Solar Panel Cost Guide in Naples, FL (2023 Update)
- Naples Solar Installation Cost: $9,383
- 25-Year Savings: $19,486
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Naples
Here's how much it might cost to make the switch to solar in Naples.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Naples, the average cost of solar panels is 2.53 per watt. The average Naples homeowner needs a 5.3-kilowatt system, which would cost about $9,386 with the federal tax credit, or $13,422 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. Despite the large initial cost, the average Naples homeowner can save around $21,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar panel company in your area for a customized estimate.
Solar savings over time in Naples
| Year | Return on Investment |
|---|---|
| 1 years | $-9,287 |
| 3 years | $-9,094 |
| 5 years | $-8,902 |
| 7 years | $-8,709 |
| 9 years | $-8,517 |
| 11 years | $-8,324 |
| 13 years | $-8,132 |
| 15 years | $-7,939 |
| 17 years | $-7,747 |
| 19 years | $-7,554 |
| 21 years | $-7,362 |
| 23 years | $-7,170 |
| 25 years | $-6,977 |
Top Solar Installers in Naples
Although it's possible to install solar panels on your own, it involves extra effort and know-how. For that reason, almost all homeowners choose to hire a solar panel installer. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are various licensed solar professionals that can help you install your solar system. 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 Naples
Factors that Affect Solar Panel Costs in Naples
For many Naples homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Naples, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Naples, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $2,530 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Naples, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of 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 getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can affect your pricing. Naples' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $21,642 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $29,140 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,779 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,560 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,482 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,546 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $68,752 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $77,100 | 7.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable 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 check your installer's reputation is by reading reviews.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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?
The average cost of solar panels in Naples 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Naples?
A solar panel system isn't free in Naples, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Naples is currently $394,395, so you can expect a value of about $16,170 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?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get between 20 and 35 panels to account for 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.