Solar Panel Cost Guide in Wildwood, FL (2024 Update)
- Wildwood Solar Installation Cost: $12,514
- 25-Year Savings: $23,292
- Payback Period: 9.4 Years
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Average Cost of Solar Panels in Wildwood
Let’s have a look at the average cost of solar in Wildwood.
In Wildwood, solar panels cost about 3 per watt on average.Using this figure, a typical 5.6-kW system would cost about $12,514 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Wildwood depending on a few factors, such as the type of solar panels you choose and the solar company you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Wildwood see about $24,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Wildwood
| Year | Return on Investment |
|---|---|
| 1 years | $-10,773 |
| 3 years | $-7,289 |
| 5 years | $-3,806 |
| 7 years | $-323 |
| 9 years | $3,160 |
| 11 years | $6,643 |
| 13 years | $10,127 |
| 15 years | $13,610 |
| 17 years | $17,093 |
| 19 years | $20,576 |
| 21 years | $24,059 |
| 23 years | $27,542 |
| 25 years | $31,026 |
Top Solar Installers in Wildwood
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be hard. Another perk of going with a solar company is that they can help you maximize your investment by bringing down your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Wildwood:
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 Wildwood
Factors that Affect Solar Panel Costs in Wildwood
For many Wildwood homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Wildwood, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Wildwood, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,210 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Wildwood average.
Solar Financing Terms
Most solar installers in Wildwood have solar loans, which reduce the initial cost of installing solar.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Wildwood, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Wildwood are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $21,698 | 9.8 years |
| 8 kW | $3.27 | $18,336 | $29,290 | 9.6 years |
| 10 kW | $3.21 | $22,470 | $37,062 | 9.4 years |
| 12 kW | $3.15 | $26,425 | $45,014 | 9.2 years |
| 14 kW | $3.08 | $30,200 | $53,145 | 9.1 years |
| 16 kW | $3.02 | $33,795 | $61,456 | 8.9 years |
| 18 kW | $2.95 | $37,210 | $69,947 | 8.7 years |
| 20 kW | $2.89 | $40,446 | $78,618 | 8.5 years |
How to Save on Solar Panels
There are a lot of 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:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Installation Process: When making the switch to solar power, it’s necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
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 Wildwood, FL Solar Cost FAQs
How much does it cost to install solar panels in Wildwood?
The average cost of solar panels in Wildwood 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 like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Wildwood?
Solar panels aren’t free in Wildwood, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is making the switch to solar worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.