Solar Panel Cost Guide in Green Cove Springs, FL (2024 Update)
- Green Cove Springs Solar Installation Cost: $12,787
- 25-Year Savings: $20,063
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in Green Cove Springs
See how much it might cost to install solar panels in Green Cove Springs.
Although the national average of solar panels is $2.66 per watt, solar panels in Green Cove Springs generally cost around 3.To cover the typical energy usage of the average home in Green Cove Springs, most homeowners require a 5.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,787, or $18,285 before the federal solar tax credit of 0 is applied.
These figures are just averages, and your own solar costs will differ based on factors unique to your home and what company you go with.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Green Cove Springs can save around $20,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Green Cove Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,413 |
| 3 years | $-8,666 |
| 5 years | $-5,919 |
| 7 years | $-3,172 |
| 9 years | $-424 |
| 11 years | $2,323 |
| 13 years | $5,070 |
| 15 years | $7,817 |
| 17 years | $10,565 |
| 19 years | $13,312 |
| 21 years | $16,059 |
| 23 years | $18,806 |
| 25 years | $21,554 |
Top Solar Installers in Green Cove Springs
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make swapping over to solar power much easier. Since solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're searching for a solar installer in Green Cove Springs, the EcoWatch team has 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 Green Cove Springs
Factors that Affect Solar Panel Costs in Green Cove Springs
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Green Cove Springs: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Green Cove Springs average.
Solar Financing Terms
Most solar installers in Green Cove Springs offer solar loans, which reduce the initial cost of installing solar panels.Even though solar loans make switching to solar energy more accessible for Green Cove Springs homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Green Cove Springs is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Green Cove Springs have more knowledge 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 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 | $17,758 | 11.0 years |
| 8 kW | $3.27 | $18,336 | $24,037 | 10.8 years |
| 10 kW | $3.21 | $22,470 | $30,496 | 10.6 years |
| 12 kW | $3.15 | $26,425 | $37,134 | 10.4 years |
| 14 kW | $3.08 | $30,200 | $43,952 | 10.2 years |
| 16 kW | $3.02 | $33,795 | $50,950 | 10.0 years |
| 18 kW | $2.95 | $37,210 | $58,128 | 9.8 years |
| 20 kW | $2.89 | $40,446 | $65,485 | 9.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Green Cove Springs, FL Solar Cost FAQs
What is the average cost of installing solar panels in Green Cove Springs?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Green Cove Springs?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Green Cove Springs?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.