Solar Panel Cost Guide in Naples, ME (2024 Update)
- Naples Solar Installation Cost: $13,948
- 25-Year Savings: $12,247
- Payback Period: 15.4 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Naples
Find out what the average cost of installing solar panels is in Naples.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Naples, the typical cost of a solar system is 4 per watt.To cover the typical energy usage of the average home in Naples, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs around $13,948, or $19,946 before the federal solar tax credit of 0 is applied.
These figures are just averages, and how much solar costs for you may differ based on your energy needs and what company you want to go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $16,000 over 20 years on energy bills.
To receive a free quote from a top solar installation company in Naples, you can click the button below.
Solar savings over time in Naples
Year | Return on Investment |
---|---|
1 years | $-12,810 |
3 years | $-10,534 |
5 years | $-8,257 |
7 years | $-5,981 |
9 years | $-3,704 |
11 years | $-1,428 |
13 years | $849 |
15 years | $3,125 |
17 years | $5,402 |
19 years | $7,678 |
21 years | $9,955 |
23 years | $12,231 |
25 years | $14,508 |
Top Solar Installers in Naples
Trying to put up solar panels on your own can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
If you’d like to make the switch to solar but still aren’t certain which solar system installer to go with, here are our recommendations for providers in Naples:
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Naples
Factors that Affect Solar Panel Costs in Naples
The cost of installing a solar system in Naples can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $3,800 per kilowatt in Naples.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Naples average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Naples, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Naples, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.95 | $16,598 | $9,301 | 16.0 years |
8 kW | $3.88 | $21,706 | $12,827 | 15.7 years |
10 kW | $3.80 | $26,600 | $16,565 | 15.4 years |
12 kW | $3.72 | $31,282 | $20,517 | 15.1 years |
14 kW | $3.65 | $35,750 | $24,681 | 14.8 years |
16 kW | $3.57 | $40,006 | $29,058 | 14.5 years |
18 kW | $3.50 | $44,050 | $33,648 | 14.2 years |
20 kW | $3.42 | $47,880 | $38,451 | 13.9 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the longevity of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: When making the switch to solar power, it’s crucial to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Naples, ME Solar Cost FAQs
What is the average cost of installing solar panels in Naples?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Naples?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact the value of my home?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.