Solar Panel Cost Guide in Rockledge, FL (2023 Update)
- Rockledge Solar Installation Cost: $8,923
- 25-Year Savings: $21,471
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Rockledge
Let's have a look at the average cost of solar in Rockledge.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rockledge, the average cost of a solar system is 2.53 per watt. To account for the typical energy needs of the average home in Rockledge, most homeowners require a 5.0-kilowatt system. Using the figure above, a solar installation costs about $8,926, or $12,764 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Rockledge homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar is worth paying. On average Rockledge homeowners see about $23,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Rockledge
| Year | Return on Investment |
|---|---|
| 1 years | $-7,549 |
| 3 years | $-4,802 |
| 5 years | $-2,055 |
| 7 years | $692 |
| 9 years | $3,440 |
| 11 years | $6,187 |
| 13 years | $8,934 |
| 15 years | $11,681 |
| 17 years | $14,429 |
| 19 years | $17,176 |
| 21 years | $19,923 |
| 23 years | $22,670 |
| 25 years | $25,418 |
Top Solar Installers in Rockledge
When making the switch to solar, many homeowners prefer to go with a solar installation company since putting up solar panels yourself can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
If you're looking for a solar installer in Rockledge, the EcoWatch team has put together 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
See all of the solar companies in Rockledge
Factors that Affect Solar Panel Costs in Rockledge
The cost of installing a solar system in Rockledge can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,530. The kind of solar equipment you choose can increase or decrease your cost 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. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Rockledge average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Rockledge, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Rockledge, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, 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 | $2.63 | $11,051 | $25,144 | 7.6 years |
| 8 kW | $2.58 | $14,451 | $33,809 | 7.5 years |
| 10 kW | $2.53 | $17,710 | $42,615 | 7.3 years |
| 12 kW | $2.48 | $20,827 | $51,563 | 7.2 years |
| 14 kW | $2.43 | $23,802 | $60,653 | 7.0 years |
| 16 kW | $2.38 | $26,636 | $69,884 | 6.9 years |
| 18 kW | $2.33 | $29,328 | $79,257 | 6.8 years |
| 20 kW | $2.28 | $31,878 | $88,772 | 6.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- 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 completion timeline.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
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 Rockledge, FL Solar Cost FAQs
What is the average cost of installing solar panels in Rockledge?
This is a difficult 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-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.
What other factors should I consider aside from cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Rockledge is currently $232,945, which means you can expect a value of about $9,551 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Rockledge is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size 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 generally 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.