Solar Panel Cost Guide in Stock Island, FL (2024 Update)
- Stock Island Solar Installation Cost: $11,253
- 25-Year Savings: $21,829
- Payback Period: 9.2 Years
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Average Cost of Solar Panels in Stock Island
Find out what the average cost of a solar system is in Stock Island.
The average cost of solar panels in Stock Island is 3 per watt.The average solar panel system size in Stock Island is around 5.0 kilowatts, meaning a cost of about $11,253 for a solar installation, or $16,092 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar system you want to get, your solar contractor and more.With typical savings of about $23,000 on energy bills over 20 years, many homeowners in Stock Island find going solar can be quite rewarding.
Click the button below to get connected to a reputable solar company in your area for a customized estimate.
Solar savings over time in Stock Island
| Year | Return on Investment |
|---|---|
| 1 years | $-9,778 |
| 3 years | $-6,827 |
| 5 years | $-3,876 |
| 7 years | $-925 |
| 9 years | $2,026 |
| 11 years | $4,977 |
| 13 years | $7,928 |
| 15 years | $10,879 |
| 17 years | $13,830 |
| 19 years | $16,781 |
| 21 years | $19,732 |
| 23 years | $22,683 |
| 25 years | $25,634 |
Top Solar Installers in Stock Island
Although it's possible to install solar panels by yourself, it takes extra time and know-how. Because of that, the majority of homeowners choose to go with a solar panel installer. The expertise that solar installers provide can be helpful as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers nearby:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Stock Island
Factors that Affect Solar Panel Costs in Stock Island
The cost of installing a solar system in Stock Island can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel 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. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Stock Island, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your all-in costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
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 Stock Island is the company you get to install your solar system. As with choosing a company to install new cabinets, for example, you’ll have many options for solar installers that provide a range of services at different costs.Additionally, some companies in Stock Island have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $22,756 | 9.5 years |
| 8 kW | $3.27 | $18,336 | $30,701 | 9.3 years |
| 10 kW | $3.21 | $22,470 | $38,826 | 9.2 years |
| 12 kW | $3.15 | $26,425 | $47,130 | 9.0 years |
| 14 kW | $3.08 | $30,200 | $55,615 | 8.8 years |
| 16 kW | $3.02 | $33,795 | $64,279 | 8.6 years |
| 18 kW | $2.95 | $37,210 | $73,122 | 8.4 years |
| 20 kW | $2.89 | $40,446 | $82,146 | 8.2 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Stock Island, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- 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 good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Stock Island, FL Solar Cost FAQs
What is the average cost of installing solar panels in Stock Island?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Stock Island?
Solar panels aren’t free in Stock Island, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Stock Island have a net metering program?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates 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 many solar panels do I need to power my home?
To figure out what solar panel system size 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 household 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.