Solar Panel Cost Guide in North Port, FL (2023 Update)
- North Port Solar Installation Cost: $9,598
- 25-Year Savings: $20,050
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in North Port
Let's take a look at the average cost of solar panels in North Port.
In North Port, solar panels cost about 2.53 per watt on average. To account for the typical energy usage of the average home in North Port, most homeowners require a 5.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,599, or $13,727 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of equipment you want to get, your solar contractor and more. Despite the high initial cost, the average North Port homeowner can save around $21,000 on their energy bills over 20 years, which is one of the advantages of solar.
To get a free quote from a top solar company in North Port, you can click the button below.
Solar savings over time in North Port
| Year | Return on Investment |
|---|---|
| 1 years | $-8,224 |
| 3 years | $-5,477 |
| 5 years | $-2,730 |
| 7 years | $17 |
| 9 years | $2,765 |
| 11 years | $5,512 |
| 13 years | $8,259 |
| 15 years | $11,006 |
| 17 years | $13,754 |
| 19 years | $16,501 |
| 21 years | $19,248 |
| 23 years | $21,995 |
| 25 years | $24,742 |
Top Solar Installers in North Port
Trying to put up solar panels on your own can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for your home.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in North Port:
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 North Port
Factors that Affect Solar Panel Costs in North Port
While the average cost of a solar system in North Port is $9,599, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of solar panels in North Port, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,530 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, 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
If paying for a solar system out of pocket is out of reach, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can impact your pricing. North Port's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in North Port know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $21,773 | 8.4 years |
| 8 kW | $2.58 | $14,451 | $29,313 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,996 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,820 | 7.9 years |
| 14 kW | $2.43 | $23,802 | $52,786 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,894 | 7.6 years |
| 18 kW | $2.33 | $29,328 | $69,143 | 7.4 years |
| 20 kW | $2.28 | $31,878 | $77,534 | 7.3 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar 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
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 North Port, FL Solar Cost FAQs
What is the average cost of installing solar panels in North Port?
This is a hard 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does North Port have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.