Solar Panel Cost Guide in South Venice, FL (2023 Update)
- South Venice Solar Installation Cost: $9,598
- 25-Year Savings: $19,162
- Payback Period: 8.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in South Venice
Find out what the average cost of a solar system is in South Venice.
The average cost of a solar panel system in South Venice is 2.53 per watt. Using this figure, a typical 5.4-kW system would cost about $9,599 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy usage and what installation company you go with. Despite the large initial cost, the average South Venice homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in South Venice for a quote for your home.
Solar savings over time in South Venice
| Year | Return on Investment |
|---|---|
| 1 years | $-9,502 |
| 3 years | $-9,310 |
| 5 years | $-9,119 |
| 7 years | $-8,927 |
| 9 years | $-8,735 |
| 11 years | $-8,543 |
| 13 years | $-8,352 |
| 15 years | $-8,160 |
| 17 years | $-7,968 |
| 19 years | $-7,776 |
| 21 years | $-7,585 |
| 23 years | $-7,393 |
| 25 years | $-7,201 |
Top Solar Installers in South Venice
Trying to put up solar panels on your own can be a stressful task, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for you.
If you're on the hunt for a solar company in South Venice, the EcoWatch team has organized 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 South Venice
Factors that Affect Solar Panel Costs in South Venice
Even though the average cost of a solar system in South Venice is $9,599, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,530. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in South Venice is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that provide a range of services at different costs. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better 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 down 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 | $20,789 | 8.7 years |
| 8 kW | $2.58 | $14,451 | $28,002 | 8.5 years |
| 10 kW | $2.53 | $17,710 | $35,357 | 8.3 years |
| 12 kW | $2.48 | $20,827 | $42,853 | 8.2 years |
| 14 kW | $2.43 | $23,802 | $50,491 | 8.0 years |
| 16 kW | $2.38 | $26,636 | $58,271 | 7.8 years |
| 18 kW | $2.33 | $29,328 | $66,193 | 7.7 years |
| 20 kW | $2.28 | $31,878 | $74,256 | 7.5 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
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 South Venice, FL Solar Cost FAQs
How much does it cost to install solar panels in South Venice?
The average cost of solar panels in South Venice is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost 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.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in South Venice, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact 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 should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.