Solar Panel Cost Guide in Yulee, FL (2023 Update)
- Yulee Solar Installation Cost: $9,977
- 25-Year Savings: $22,688
- Payback Period: 7.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Yulee
Let's have a look at the average cost of solar panels in Yulee.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Yulee, the average cost of a solar system is 2.53 per watt. Since a 5.6-kW system is needed to cover the energy costs of a typical home in Yulee, the average price of going solar will be about $9,971 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 energy system could cost. The exact cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Yulee see about $22,000 in savings on energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Yulee
| Year | Return on Investment |
|---|---|
| 1 years | $-8,189 |
| 3 years | $-4,613 |
| 5 years | $-1,036 |
| 7 years | $2,540 |
| 9 years | $6,116 |
| 11 years | $9,692 |
| 13 years | $13,268 |
| 15 years | $16,845 |
| 17 years | $20,421 |
| 19 years | $23,997 |
| 21 years | $27,573 |
| 23 years | $31,149 |
| 25 years | $34,726 |
Top Solar Installers in Yulee
When making the switch to solar, many homeowners prefer to hire a solar installation company since installing solar panels yourself can be a difficult project. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Yulee
Factors that Affect Solar Panel Costs in Yulee
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Yulee: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require 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. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Yulee homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Yulee, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that offers the products, warranties and services you want and also fits within your budget.
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 | $23,739 | 7.9 years |
| 8 kW | $2.58 | $14,451 | $31,935 | 7.8 years |
| 10 kW | $2.53 | $17,710 | $40,273 | 7.6 years |
| 12 kW | $2.48 | $20,827 | $48,753 | 7.5 years |
| 14 kW | $2.43 | $23,802 | $57,374 | 7.3 years |
| 16 kW | $2.38 | $26,636 | $66,137 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $75,042 | 7.0 years |
| 20 kW | $2.28 | $31,878 | $84,089 | 6.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
- Contract: Before signing a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
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 Yulee, FL Solar Cost FAQs
How much does it cost to install solar panels in Yulee?
The average cost of solar panels in Yulee 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 like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Yulee have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to 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.