Solar Panel Cost Guide in Naples Manor, FL (2023 Update)
- Naples Manor Solar Installation Cost: $9,383
- 25-Year Savings: $19,377
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Naples Manor
Let's have a look at the average cost of solar in Naples Manor.
In Naples Manor, solar panels cost about 2.53 per watt on average. To cover the typical energy usage of the average home in Naples Manor, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,386, or $13,422 before the federal solar tax credit of 30% is applied.
These figures are only averages, and how much solar costs for you will most likely vary based on factors unique to your home and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Naples Manor that can help you get a more accurate cost estimate for your home.
Solar savings over time in Naples Manor
| Year | Return on Investment |
|---|---|
| 1 years | $-9,287 |
| 3 years | $-9,095 |
| 5 years | $-8,904 |
| 7 years | $-8,712 |
| 9 years | $-8,520 |
| 11 years | $-8,328 |
| 13 years | $-8,137 |
| 15 years | $-7,945 |
| 17 years | $-7,753 |
| 19 years | $-7,561 |
| 21 years | $-7,370 |
| 23 years | $-7,178 |
| 25 years | $-6,986 |
Top Solar Installers in Naples Manor
Putting up solar panels on your own can be a time-consuming project, which is why hiring a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you make the most of incentives in Naples Manor, optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. 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 Manor
Factors that Affect Solar Panel Costs in Naples Manor
There are a number of factors that can affect your total 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
When it comes to estimating the price of a solar system in Naples Manor, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,530 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Naples Manor, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Naples Manor, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Naples Manor, you'll have many options to choose from, but each comes at varying price points for labor and equipment. The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes 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 | $2.63 | $11,051 | $21,519 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $28,975 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,574 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $44,313 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,195 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,218 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,383 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,689 | 7.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Warranty: If you care about the longevity of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms closely to make sure you understand the overall cost, completion timeline incentives and warranties.
- Reputation: Make sure your solar panel 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 EcoWatch.
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 Manor, FL Solar Cost FAQs
What is the average cost of installing solar panels in Naples Manor?
The average cost of solar panels in Naples Manor 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 such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Naples Manor?
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 don't have access to many solar incentives. Also your property 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 financial benefits from going solar.
How will solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Naples Manor is currently $321,000, which means you could be looking at a value of about $13,161 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Naples Manor is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.