Solar Panel Cost Guide in Naples Park, FL (2023 Update)
- Naples Park Solar Installation Cost: $9,383
- 25-Year Savings: $19,776
- Payback Period: 8.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Naples Park
We break down average solar pricing in Naples Park.
The average cost of solar panels in Naples Park is 2.53 per watt. Using this figure, a typical 5.3-kW system would cost about $9,386 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. Despite the significant upfront cost, the average Naples Park homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar panel company in your area for a customized quote.
Solar savings over time in Naples Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,009 |
| 3 years | $-5,262 |
| 5 years | $-2,515 |
| 7 years | $232 |
| 9 years | $2,980 |
| 11 years | $5,727 |
| 13 years | $8,474 |
| 15 years | $11,221 |
| 17 years | $13,969 |
| 19 years | $16,716 |
| 21 years | $19,463 |
| 23 years | $22,210 |
| 25 years | $24,958 |
Top Solar Installers in Naples Park
Many homeowners decide to hire a solar panel company since installing solar panels yourself can be hard. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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 Park
Factors that Affect Solar Panel Costs in Naples Park
For many Naples Park homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Naples Park, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Naples Park, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Most solar companies in Naples Park have solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Naples Park is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Naples Park know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $21,971 | 8.4 years |
| 8 kW | $2.58 | $14,451 | $29,577 | 8.2 years |
| 10 kW | $2.53 | $17,710 | $37,326 | 8.0 years |
| 12 kW | $2.48 | $20,827 | $45,216 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $53,248 | 7.7 years |
| 16 kW | $2.38 | $26,636 | $61,422 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $69,737 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $78,194 | 7.2 years |
How to Save on Solar Panels
There are numerous companies available in Naples Park, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
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 Park, FL Solar Cost FAQs
What is the average cost of installing solar panels in Naples Park?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property 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 Park is currently $735,800, which means you can expect a value of about $30,168 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Naples Park is a rewarding investment.
How long do solar panels last in Naples Park?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.