Solar Panel Cost Guide in Nocatee, FL (Mar 2023)
- Nocatee Solar Installation Cost: $9,599
- 25-Year Savings: $19,850
- Payback Period: 8.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Nocatee
Let's take a look at the average cost of solar panels in Nocatee.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Nocatee, the typical cost of solar panels is 2.53 per watt. Because a 5.4-kW system is needed to cover the energy needs of a typical home in Nocatee, the average price of going solar will be about $9,599 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Nocatee can save about $21,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Nocatee
| Year | Return on Investment |
|---|---|
| 1 years | $-8,421 |
| 3 years | $-6,065 |
| 5 years | $-3,709 |
| 7 years | $-1,353 |
| 9 years | $1,003 |
| 11 years | $3,359 |
| 13 years | $5,715 |
| 15 years | $8,071 |
| 17 years | $10,427 |
| 19 years | $12,783 |
| 21 years | $15,139 |
| 23 years | $17,494 |
| 25 years | $19,850 |
Top Solar Installers in Nocatee
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring a solar panel installer can make your switch to solar power much easier. Another good thing about going with a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Nocatee
Factors that Affect Solar Panel Costs in Nocatee
There are several criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Nocatee, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,530 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Nocatee homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your overall costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can play a part in determining your pricing. Nocatee's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $21,544 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $29,009 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,615 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,364 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,253 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,285 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,458 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,773 | 7.3 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 decide on the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar installer, be 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 what services you can expect from them.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Nocatee, FL Solar Cost FAQs
How much does it cost to install solar panels in Nocatee?
This is a difficult question to answer precisely, because the cost depends on a few different 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Nocatee?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.