Solar Panel Cost Guide in North River Shores, FL (2024 Update)
- North River Shores Solar Installation Cost: $12,054
- 25-Year Savings: $19,658
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in North River Shores
Find out what the average cost of installing solar panels is in North River Shores.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North River Shores, the average cost of a solar system is 3 per watt.The average North River Shores homeowner needs a 5.4-kilowatt system, which would cost about $12,054 with the federal tax credit, or $17,237 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average North River Shores homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in North River Shores see about $21,000 in savings on utility bills over 20 years.
To receive a free quote from a vetted solar installer in North River Shores, you can click the button below.
Solar savings over time in North River Shores
| Year | Return on Investment |
|---|---|
| 1 years | $-10,680 |
| 3 years | $-7,933 |
| 5 years | $-5,186 |
| 7 years | $-2,439 |
| 9 years | $309 |
| 11 years | $3,056 |
| 13 years | $5,803 |
| 15 years | $8,550 |
| 17 years | $11,298 |
| 19 years | $14,045 |
| 21 years | $16,792 |
| 23 years | $19,539 |
| 25 years | $22,287 |
Top Solar Installers in North River Shores
Many homeowners choose to use a solar panel installer since installing solar panels by yourself can be a lot of work. Another great thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
If you’d like to start using solar energy but still aren’t certain which solar system company to go with, here are our suggestions for providers near you:
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 North River Shores
Factors that Affect Solar Panel Costs in North River Shores
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,210. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in North River Shores have solar loans, which reduce your upfront costs of installing solar panels.Even though solar loans make switching to solar energy more accessible for North River Shores homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in North River Shores is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services at different costs.The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $18,592 | 10.7 years |
| 8 kW | $3.27 | $18,336 | $25,149 | 10.5 years |
| 10 kW | $3.21 | $22,470 | $31,885 | 10.3 years |
| 12 kW | $3.15 | $26,425 | $38,802 | 10.1 years |
| 14 kW | $3.08 | $30,200 | $45,898 | 9.9 years |
| 16 kW | $3.02 | $33,795 | $53,173 | 9.7 years |
| 18 kW | $2.95 | $37,210 | $60,629 | 9.5 years |
| 20 kW | $2.89 | $40,446 | $68,264 | 9.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 North River Shores, FL Solar Cost FAQs
What is the average cost of installing solar panels in North River Shores?
The average cost of solar panels in North River Shores 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 model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,087.10 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know 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.