Solar Panel Cost Guide in Wedgefield, FL (2024 Update)
- Wedgefield Solar Installation Cost: $12,301
- 25-Year Savings: $21,008
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Wedgefield
Here’s how much it might cost to install solar panels in Wedgefield.
The average cost of a solar system in Wedgefield is 3 per watt.To account for the typical energy usage of the average home in Wedgefield, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,301, or $17,590 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Wedgefield homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $21,000 on power bills over 20 years, many homeowners in Wedgefield find investing in solar can be quite rewarding.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Wedgefield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,927 |
| 3 years | $-8,180 |
| 5 years | $-5,433 |
| 7 years | $-2,686 |
| 9 years | $62 |
| 11 years | $2,809 |
| 13 years | $5,556 |
| 15 years | $8,303 |
| 17 years | $11,051 |
| 19 years | $13,798 |
| 21 years | $16,545 |
| 23 years | $19,292 |
| 25 years | $22,039 |
Top Solar Installers in Wedgefield
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar company can make your switch to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you choose which one will be best for your family.
If you're searching for a solar company in Wedgefield, the EcoWatch team has put together 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 Wedgefield
Factors that Affect Solar Panel Costs in Wedgefield
For many Wedgefield homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Wedgefield, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is 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 looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Wedgefield homeowners decide to finance their solar panel systems to make paying for solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Wedgefield know more 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 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 | $19,629 | 10.4 years |
| 8 kW | $3.27 | $18,336 | $26,532 | 10.2 years |
| 10 kW | $3.21 | $22,470 | $33,614 | 10.0 years |
| 12 kW | $3.15 | $26,425 | $40,876 | 9.8 years |
| 14 kW | $3.08 | $30,200 | $48,318 | 9.6 years |
| 16 kW | $3.02 | $33,795 | $55,940 | 9.4 years |
| 18 kW | $2.95 | $37,210 | $63,741 | 9.2 years |
| 20 kW | $2.89 | $40,446 | $71,722 | 9.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find 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 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 check your installer’s reputation is by reading reviews.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
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 Wedgefield, FL Solar Cost FAQs
How much does it cost to install solar panels in Wedgefield?
This is a tough question to answer precisely, because the cost depends on many 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Wedgefield?
Solar panels aren’t free in Wedgefield, but there are some options that can make getting them more feasible, 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 much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Wedgefield, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy between 20 and 35 panels to account for 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.