Solar Panel Cost Guide in Wedgefield, FL (2024 Update)
- Wedgefield Solar Installation Cost: $12,301
- 25-Year Savings: $21,008
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Wedgefield
Here’s how much it might cost to install solar panels in Wedgefield.
In Wedgefield, solar panels cost about 3 per watt on average.To account for the typical energy usage of the average home in Wedgefield, most homeowners require a 5.5-kilowatt system. Using the figure above, a solar installation costs about $12,301, or $17,590 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $21,000 over 20 years on electricity bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Wedgefield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,927 |
| 3 years | $-8,180 |
| 5 years | $-5,433 |
| 7 years | $-2,686 |
| 9 years | $62 |
| 11 years | $2,809 |
| 13 years | $5,556 |
| 15 years | $8,303 |
| 17 years | $11,051 |
| 19 years | $13,798 |
| 21 years | $16,545 |
| 23 years | $19,292 |
| 25 years | $22,039 |
Top Solar Installers in Wedgefield
Although you can install solar panels on your own, it requires extra energy and handiness. For that reason, almost all homeowners choose to hire a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you decide which one will be right for your home.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
For many Wedgefield homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Wedgefield, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Wedgefield offer solar loans, which reduce your upfront costs of installing solar panels.Even though solar loans make switching to solar energy more accessible for Wedgefield homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Wedgefield know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $19,629 | 10.4 years |
| 8 kW | $3.27 | $18,336 | $26,532 | 10.2 years |
| 10 kW | $3.21 | $22,470 | $33,614 | 10.0 years |
| 12 kW | $3.15 | $26,425 | $40,876 | 9.8 years |
| 14 kW | $3.08 | $30,200 | $48,318 | 9.6 years |
| 16 kW | $3.02 | $33,795 | $55,940 | 9.4 years |
| 18 kW | $2.95 | $37,210 | $63,741 | 9.2 years |
| 20 kW | $2.89 | $40,446 | $71,722 | 9.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
- Warranty: If you’re concerned about the durability of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Wedgefield?
You can’t get solar panels for free in Wedgefield. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,121.68 per year.
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 uses 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 household 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.