Solar Panel Cost Guide in North River Shores, FL (2024 Update)
- North River Shores Solar Installation Cost: $12,054
- 25-Year Savings: $19,658
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in North River Shores
Find out what the average cost of installing solar panels is in North River Shores.
The national average cost of solar panels is $2.66 per watt, but in North River Shores it’s 3 per watt.The average solar panel system size in North River Shores is around 5.4 kilowatts, meaning a cost of about $12,054 for a solar installation, or $17,237 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what solar installer you go with.Despite the significant initial cost, the average North River Shores homeowner can save around $21,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar installer in North River Shores for a personalized estimate.
Solar savings over time in North River Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-10,680 |
| 3 years | $-7,933 |
| 5 years | $-5,186 |
| 7 years | $-2,439 |
| 9 years | $309 |
| 11 years | $3,056 |
| 13 years | $5,803 |
| 15 years | $8,550 |
| 17 years | $11,298 |
| 19 years | $14,045 |
| 21 years | $16,792 |
| 23 years | $19,539 |
| 25 years | $22,287 |
Top Solar Installers in North River Shores
When switching to solar energy, many homeowners choose to hire a solar installation company since installing solar panels yourself can be a difficult project. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're searching for a solar company in North River Shores, we've compiled a list of our top suggestions here:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in North River Shores
Factors that Affect Solar Panel Costs in North River Shores
There are a number of factors that can influence your solar panel 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
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,210 per kilowatt in North River Shores.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like North River Shores, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in North River Shores to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in North River Shores is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different costs.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.34 | $14,021 | $18,592 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,149 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $31,885 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $38,802 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $45,898 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,173 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,629 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $68,264 | 9.3 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which installer you should choose, since different companies have different panels.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's North River Shores, FL Solar Cost FAQs
What is the average cost of installing solar panels in North River Shores?
The average cost of solar panels in North River Shores is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels completely eradicate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in North River Shores, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know 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 house 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.