Solar Panel Cost Guide in Fellsmere, FL (2024 Update)
- Fellsmere Solar Installation Cost: $11,965
- 25-Year Savings: $21,483
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Fellsmere
Find out what the average cost of solar panels are in Fellsmere.
Although the national average of solar panels is $2.66 per watt, solar panels in Fellsmere generally cost about 3.Using this figure, a typical 5.3-kW system would cost about $11,965 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Fellsmere homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average Fellsmere homeowners see about $22,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Fellsmere
| Year | Return on Investment |
|---|---|
| 1 years | $-10,591 |
| 3 years | $-7,844 |
| 5 years | $-5,097 |
| 7 years | $-2,350 |
| 9 years | $398 |
| 11 years | $3,145 |
| 13 years | $5,892 |
| 15 years | $8,639 |
| 17 years | $11,387 |
| 19 years | $14,134 |
| 21 years | $16,881 |
| 23 years | $19,628 |
| 25 years | $22,376 |
Top Solar Installers in Fellsmere
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your swap to solar power much easier. The payback period on a solar system will vary based on factors like your roof configuration and energy use, but working with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar company in Fellsmere, we've organized a list of our top suggestions here:
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 Fellsmere
Factors that Affect Solar Panel Costs in Fellsmere
For many Fellsmere homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Fellsmere, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,210 per kilowatt in Fellsmere.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels 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 Fellsmere average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Fellsmere, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.While solar loans make switching to solar energy more accessible for Fellsmere homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Fellsmere are more knowledgeable about local solar incentives and can help you make good use 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 | $20,812 | 10.1 years |
| 8 kW | $3.27 | $18,336 | $28,108 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,585 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $43,241 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $51,077 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $59,093 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $67,288 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,664 | 8.7 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: The type of solar panel you’d like to install plays a part in which installer you should opt for, since different companies have different panels.
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
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 Fellsmere, FL Solar Cost FAQs
How much does it cost to install solar panels in Fellsmere?
The average cost of solar panels in Fellsmere is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual 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.
Can you get solar panels for free in Fellsmere?
A solar panel system isn’t free in Fellsmere, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.