Solar Panel Cost Guide in Neptune Beach, FL (2024 Update)
- Neptune Beach Solar Installation Cost: $12,489
- 25-Year Savings: $20,204
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Neptune Beach
Find out what the average cost of a solar system is in Neptune Beach.
The national average cost of solar panels is $2.66 per watt, but in Neptune Beach it’s 3 per watt.The average Neptune Beach homeowner needs a 5.6-kilowatt system, which would cost about $12,489 with the federal tax credit, or $17,859 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs will most likely differ based on factors unique to your home and what company you want to go with.For most homeowners, the upfront investment in solar panels is worth paying. On average Neptune Beach homeowners see about $21,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar company in Neptune Beach for a customized quote.
Solar savings over time in Neptune Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-11,096 |
| 3 years | $-8,309 |
| 5 years | $-5,522 |
| 7 years | $-2,736 |
| 9 years | $51 |
| 11 years | $2,838 |
| 13 years | $5,625 |
| 15 years | $8,411 |
| 17 years | $11,198 |
| 19 years | $13,985 |
| 21 years | $16,772 |
| 23 years | $19,558 |
| 25 years | $22,345 |
Top Solar Installers in Neptune Beach
Although you can install solar panels by yourself, it takes extra labor and handiness. Because of that, most homeowners choose to go with a solar panel installer. The payback period of solar panels will vary depending on factors like your location and energy usage, but working with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar company in Neptune Beach, we've organized a list of our top suggestions here:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Neptune Beach
Factors that Affect Solar Panel Costs in Neptune Beach
There are several factors that can affect your solar panel 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
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,210. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Neptune Beach average.
Solar Financing Terms
Many homeowners find the average cost of solar in Neptune Beach to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly 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 higher prices over time because of interest.However, the interest on solar loans also increases your all-in costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Neptune Beach, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $3.34 | $14,021 | $18,414 | 10.8 years |
| 8 kW | $3.27 | $18,336 | $24,912 | 10.6 years |
| 10 kW | $3.21 | $22,470 | $31,589 | 10.4 years |
| 12 kW | $3.15 | $26,425 | $38,446 | 10.2 years |
| 14 kW | $3.08 | $30,200 | $45,483 | 10.0 years |
| 16 kW | $3.02 | $33,795 | $52,700 | 9.8 years |
| 18 kW | $2.95 | $37,210 | $60,096 | 9.6 years |
| 20 kW | $2.89 | $40,446 | $67,672 | 9.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: If you’re concerned about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Neptune Beach, FL Solar Cost FAQs
How much does it cost to install solar panels in Neptune Beach?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Neptune Beach?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
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 their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.