Solar Panel Cost Guide in Wedgefield, FL (2023 Update)
- Wedgefield Solar Installation Cost: $9,687
- 25-Year Savings: $21,016
- Payback Period: 7.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wedgefield
We break down average solar pricing in Wedgefield.
The national average cost of solar panels is $2.66 per watt, but in Wedgefield it's 2.53 per watt. Because a 5.5-kW system is needed to cover the energy consumption of a typical home in Wedgefield, the average price of going solar will be about $9,687 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Wedgefield can save about $21,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Wedgefield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,459 |
| 3 years | $-6,003 |
| 5 years | $-3,547 |
| 7 years | $-1,091 |
| 9 years | $1,366 |
| 11 years | $3,822 |
| 13 years | $6,278 |
| 15 years | $8,734 |
| 17 years | $11,191 |
| 19 years | $13,647 |
| 21 years | $16,103 |
| 23 years | $18,559 |
| 25 years | $21,016 |
Top Solar Installers in Wedgefield
Trying to put up solar panels by yourself can be a dangerous project, which is why hiring a solar installer is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Wedgefield:
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 Wedgefield
Factors that Affect Solar Panel Costs in Wedgefield
There are a number of factors that can determine your solar system 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
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,530. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Wedgefield average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Wedgefield homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your total costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Wedgefield, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $22,599 | 8.2 years |
| 8 kW | $2.58 | $14,451 | $30,416 | 8.1 years |
| 10 kW | $2.53 | $17,710 | $38,374 | 7.9 years |
| 12 kW | $2.48 | $20,827 | $46,474 | 7.7 years |
| 14 kW | $2.43 | $23,802 | $54,715 | 7.6 years |
| 16 kW | $2.38 | $26,636 | $63,099 | 7.4 years |
| 18 kW | $2.33 | $29,328 | $71,624 | 7.3 years |
| 20 kW | $2.28 | $31,878 | $80,290 | 7.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Solar Panel Brands: The type of solar panel you want to install plays a role in which company you should opt for, since different companies have different panels.
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 Wedgefield, FL Solar Cost FAQs
What is the average cost of installing solar panels in Wedgefield?
The average cost of solar panels in Wedgefield 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce 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.