Solar Panel Cost Guide in Navarre, FL (2023 Update)
- Navarre Solar Installation Cost: $10,285
- 25-Year Savings: $22,724
- Payback Period: 7.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Navarre
We break down average solar pricing in Navarre.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Navarre, the average cost of a solar system is 2.53 per watt. To cover the typical energy needs of the average home in Navarre, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,290, or $14,715 before the federal solar tax credit of 30% is applied.
These figures are just averages, and how much solar costs for you will most likely vary based on factors unique to your home and what company you want to go with. With typical savings of about $22,000 on electricity bills over 20 years, many homeowners in Navarre find installing solar panels has a decent ROI.
To get a free estimate from a pre-vetted solar installation company in Navarre, you can click the button below.
Solar savings over time in Navarre
| Year | Return on Investment |
|---|---|
| 1 years | $-10,175 |
| 3 years | $-9,955 |
| 5 years | $-9,735 |
| 7 years | $-9,515 |
| 9 years | $-9,294 |
| 11 years | $-9,074 |
| 13 years | $-8,854 |
| 15 years | $-8,634 |
| 17 years | $-8,414 |
| 19 years | $-8,194 |
| 21 years | $-7,974 |
| 23 years | $-7,754 |
| 25 years | $-7,534 |
Top Solar Installers in Navarre
Installing solar panels by yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Plus, if you're unsure what brand of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are a number of 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 Navarre
Factors that Affect Solar Panel Costs in Navarre
Even though the average cost of a solar system in Navarre is $10,290, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. 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 be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Navarre to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. While solar loans make adopting solar energy more accessible for Navarre homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can affect the cost. Navarre's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Navarre 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 help you save 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 | $23,053 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,020 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,129 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,380 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,773 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,307 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $72,983 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,800 | 7.0 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- 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.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
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 Navarre, FL Solar Cost FAQs
What is the average cost of installing solar panels in Navarre?
The average cost of solar panels in Navarre is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Navarre?
Leasing solar panels can be an option if you are unable to pay upfront or secure 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 financial benefits from going solar.
Does Navarre have a net metering program?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.