Solar Panel Cost Guide in New Smyrna Beach, FL (2023 Update)
- New Smyrna Beach Solar Installation Cost: $9,687
- 25-Year Savings: $18,685
- Payback Period: 8.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in New Smyrna Beach
We go over average solar pricing in New Smyrna Beach.
While the national average of solar panels is $2.66 per watt, solar panels in New Smyrna Beach generally cost about 2.53. The average solar panel system size in New Smyrna Beach is around 5.5 kilowatts, meaning a cost of about $9,687 for a solar installation, or $13,852 before the 30% federal solar 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 quite a bit depending on several factors, such as what size system you need, your energy usage and what installation company you go with. With typical savings of about $20,000 on energy bills over 20 years, many homeowners in New Smyrna Beach find going solar can be quite rewarding.
Click the button below to get connected to a highly rated solar installer in New Smyrna Beach for a personalized quote.
Solar savings over time in New Smyrna Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-8,552 |
| 3 years | $-6,283 |
| 5 years | $-4,013 |
| 7 years | $-1,743 |
| 9 years | $527 |
| 11 years | $2,797 |
| 13 years | $5,066 |
| 15 years | $7,336 |
| 17 years | $9,606 |
| 19 years | $11,876 |
| 21 years | $14,146 |
| 23 years | $16,415 |
| 25 years | $18,685 |
Top Solar Installers in New Smyrna Beach
When going solar, many homeowners prefer to use a solar installer since installing a solar system yourself can be a difficult project. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our recommendations for providers 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 New Smyrna Beach
Factors that Affect Solar Panel Costs in New Smyrna Beach
The cost of installing a solar system in New Smyrna Beach can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like New Smyrna Beach, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Most solar companies in New Smyrna Beach offer solar loans, which reduce the initial cost of installing solar. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in New Smyrna Beach is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that offer a range of services for different budgets. Additionally, some companies in New Smyrna Beach have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $20,053 | 8.9 years |
| 8 kW | $2.58 | $14,451 | $27,021 | 8.7 years |
| 10 kW | $2.53 | $17,710 | $34,130 | 8.5 years |
| 12 kW | $2.48 | $20,827 | $41,381 | 8.4 years |
| 14 kW | $2.43 | $23,802 | $48,774 | 8.2 years |
| 16 kW | $2.38 | $26,636 | $56,308 | 8.0 years |
| 18 kW | $2.33 | $29,328 | $63,984 | 7.9 years |
| 20 kW | $2.28 | $31,878 | $71,802 | 7.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- 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 significant role in the company you opt for.
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 New Smyrna Beach, FL Solar Cost FAQs
How much does it cost to install solar panels in New Smyrna Beach?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly 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 higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in New Smyrna Beach?
You can't get solar panels for free in New Smyrna Beach. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does New Smyrna Beach have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy 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?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had 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.