Solar Panel Cost Guide in Naples, FL (2024 Update)
- Naples Solar Installation Cost: $11,905
- 25-Year Savings: $19,486
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Naples
Find out what the average cost of solar panels are in Naples.
While the national average of solar panels is $2.66 per watt, solar panels in Naples typically cost about 3.The average Naples homeowner needs a 5.3-kilowatt system, which would cost about $11,905 with the federal tax credit, or $17,024 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you may look different based on factors unique to your home and what company you want to go with.Despite the large initial cost, the average Naples homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Naples
| Year | Return on Investment |
|---|---|
| 1 years | $-10,531 |
| 3 years | $-7,784 |
| 5 years | $-5,036 |
| 7 years | $-2,289 |
| 9 years | $458 |
| 11 years | $3,206 |
| 13 years | $5,953 |
| 15 years | $8,700 |
| 17 years | $11,448 |
| 19 years | $14,195 |
| 21 years | $16,942 |
| 23 years | $19,690 |
| 25 years | $22,437 |
Top Solar Installers in Naples
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be challenging. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar company too, which can save you more money over time.
Working with a professional solar company can make going solar easier. 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 Naples
Factors that Affect Solar Panel Costs in Naples
For many Naples homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Naples, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines 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 brand of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Naples offer solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Naples, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Naples are more knowledgeable 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 | $18,672 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,255 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $32,019 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $38,962 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $46,085 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,387 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,869 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $68,532 | 9.3 years |
How to Save on Solar Panels
There are a lot of companies available in Naples, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar companies carry 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.
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 Naples, FL Solar Cost FAQs
How much does it cost to install solar panels in Naples?
The average cost of solar panels in Naples 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Naples?
Solar panels aren’t free in Naples, 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 you can take advantage of.
How will solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Naples is currently $593,694, so you can look forward to a value of about $24,341 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Naples is a fruitful investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.