Solar Panel Cost Guide in North River Shores, FL (Mar 2023)
- North River Shores Solar Installation Cost: $9,493
- 25-Year Savings: $19,666
- Payback Period: 8.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in North River Shores
Let's take a look at the average cost of solar in North River Shores.
The national average cost of solar panels is $2.66 per watt, but in North River Shores it's 2.53 per watt. To account for the typical energy needs of the average home in North River Shores, most homeowners require a 5.4-kilowatt system. Using the figure above, a solar installation costs around $9,493, or $13,575 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 will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in North River Shores can save around $21,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar panel company in North River Shores for a customized quote.
Solar savings over time in North River Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-8,326 |
| 3 years | $-5,994 |
| 5 years | $-3,661 |
| 7 years | $-1,328 |
| 9 years | $1,005 |
| 11 years | $3,337 |
| 13 years | $5,670 |
| 15 years | $8,003 |
| 17 years | $10,335 |
| 19 years | $12,668 |
| 21 years | $15,001 |
| 23 years | $17,333 |
| 25 years | $19,666 |
Top Solar Installers in North River Shores
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Using a solar company can make your swap to solar power much easier. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
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 North River Shores
Factors that Affect Solar Panel Costs in North River Shores
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in North River Shores: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,530 per kilowatt in North River Shores. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 power bills. In addition, add-on products, such as solar batteries, can bring your total well above the North River Shores average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many North River Shores homeowners decide to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your overall costs, so it's important to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in North River Shores is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different costs. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $21,562 | 8.5 years |
| 8 kW | $2.58 | $14,451 | $29,033 | 8.3 years |
| 10 kW | $2.53 | $17,710 | $36,645 | 8.1 years |
| 12 kW | $2.48 | $20,827 | $44,399 | 8.0 years |
| 14 kW | $2.43 | $23,802 | $52,295 | 7.8 years |
| 16 kW | $2.38 | $26,636 | $60,333 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $68,512 | 7.5 years |
| 20 kW | $2.28 | $31,878 | $76,832 | 7.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 North River Shores, FL Solar Cost FAQs
How much does it cost to install solar panels in North River Shores?
The average cost of solar panels in North River Shores 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in North River Shores?
You can't get solar panels for free in North River Shores. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does North River Shores have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to 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?
Even though 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 their energy production will have decreased significantly after that point. You can 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.