Solar Panel Cost Guide in Niceville, FL (2023 Update)
- Niceville Solar Installation Cost: $10,288
- 25-Year Savings: $22,720
- Payback Period: 7.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Niceville
We break down average solar pricing in Niceville.
The average cost of a solar system in Niceville is 2.53 per watt. Because a 5.8-kW system is needed to cover the energy costs of a typical home in Niceville, the average price of going solar will be about $10,290 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what company you go with. With typical savings of about $22,000 on utility bills over 20 years, many homeowners in Niceville find investing in solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Niceville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Niceville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,178 |
| 3 years | $-9,958 |
| 5 years | $-9,738 |
| 7 years | $-9,518 |
| 9 years | $-9,298 |
| 11 years | $-9,078 |
| 13 years | $-8,858 |
| 15 years | $-8,638 |
| 17 years | $-8,418 |
| 19 years | $-8,198 |
| 21 years | $-7,978 |
| 23 years | $-7,758 |
| 25 years | $-7,538 |
Top Solar Installers in Niceville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make converting to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can take care of your solar installation project. 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 Niceville
Factors that Affect Solar Panel Costs in Niceville
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Niceville: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,530. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Niceville have solar loans, which reduce your upfront costs of installing solar. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Niceville is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $2.63 | $11,051 | $23,040 | 8.1 years |
| 8 kW | $2.58 | $14,451 | $31,004 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,109 | 7.8 years |
| 12 kW | $2.48 | $20,827 | $47,355 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $55,744 | 7.5 years |
| 16 kW | $2.38 | $26,636 | $64,274 | 7.3 years |
| 18 kW | $2.33 | $29,328 | $72,946 | 7.2 years |
| 20 kW | $2.28 | $31,878 | $81,759 | 7.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: If you're concerned about the durability of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should choose, since different companies provide different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Niceville, FL Solar Cost FAQs
How much does it cost to install solar panels in Niceville?
The average cost of solar panels in Niceville 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Niceville?
You can't get solar panels for free in Niceville. However, you may still be able to get 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.
Is making the switch to solar worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.