*Prices are shown after applying the 30% federal tax credit.
As of Sep 2024, the average cost of solar panels in Cape Coral is $2.6 per watt making a typical 6000 watt (6 kW) solar system $10,907 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $2.66 | $7,446 |
5kW | $2.67 | $9,336 |
6kW | $2.60 | $10,907 |
7kW | $2.58 | $12,621 |
8kW | $2.55 | $14,277 |
9kW | $2.50 | $15,732 |
10kW | $2.47 | $17,317 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.98 884 Reviews
Stephen , 4 days ago
The installation went smoothly, the install team was professional, knowledgeable of system, and cleaned up after they were done. Also Tim was very helpful with the whole process. Happy so far.
Read more
Stephen , 4 days ago
The installation went smoothly, the install team was professional, knowledgeable of system, and cleaned up after they were done. Also Tim was very helpful with the whole process. Happy so far.
4.96 585 Reviews
Dallas Taylor, 18 hours ago
We’ve had a generax hooked up to a 200 gallon tank so we’re good on the power backup but decided to look into solar to save some money. The Enphase hardware pairs exceptionally with the Generax and I’m happy with Affordable’s work. Great sun expose on the farm with plenty. We were motivated by the government incentives and wanted to get ahead of the energy price increases. Only thing I’d change is the small font on all the paperwork I had to fill out!
Read more
Dallas Taylor, 18 hours ago
We’ve had a generax hooked up to a 200 gallon tank so we’re good on the power backup but decided to look into solar to save some money. The Enphase hardware pairs exceptionally with the Generax and I’m happy with Affordable’s work. Great sun expose on the farm with plenty. We were motivated by the government incentives and wanted to get ahead of the energy price increases. Only thing I’d change is the small font on all the paperwork I had to fill out!
4.91 163 Reviews
Brenda , over 1 month
So far very pleased with the system and with the sales and support people
Read more
Brenda , over 1 month
So far very pleased with the system and with the sales and support people
4.91 129 Reviews
Chuck, 6 days ago
I have had my system installed since February and everything seems to be working great we haven't hit a year yet but so far so good great company highly recommend
Read more
Chuck, 6 days ago
I have had my system installed since February and everything seems to be working great we haven't hit a year yet but so far so good great company highly recommend
4.87 262 Reviews
RAM, 4 weeks ago
The Solar Source team who installed our system did an excellent job They walked us through how the system worked I highly recommend this company!
Read more
RAM, 4 weeks ago
The Solar Source team who installed our system did an excellent job They walked us through how the system worked I highly recommend this company!
4.81 572 Reviews
Don't do it, 1 week ago
Price point was very good. Installation was very good. It took about a month. From planning to full installation. Service was terrible. We never saw another service team after the install to address the full operation of the solar system. It is like going to a 5 star restaurant, the waiter tells you about the 4 course menu and how amazing it is. You order it. After entree /3rd course, you never saw the waiter again. You go to the host desk and ask about your waiter. They tell you to use an email to get your last course! You have to pay NOW using phone or a computer. However, you haven't gotten your last course. How do you like that service?
Read more
Don't do it, 1 week ago
Price point was very good. Installation was very good. It took about a month. From planning to full installation. Service was terrible. We never saw another service team after the install to address the full operation of the solar system. It is like going to a 5 star restaurant, the waiter tells you about the 4 course menu and how amazing it is. You order it. After entree /3rd course, you never saw the waiter again. You go to the host desk and ask about your waiter. They tell you to use an email to get your last course! You have to pay NOW using phone or a computer. However, you haven't gotten your last course. How do you like that service?
4.80 545 Reviews
Kathy Dalton, 1 week ago
No issues at all with EHS. Great Job guys.
Read more
Average cost (5kW system)
$17,000 ($3.40 per watt)
Kathy Dalton, 1 week ago
No issues at all with EHS. Great Job guys.
4.79 359 Reviews
Jose, 5 days ago
Great service , communication and excellent work! Highly recommended.
Read more
Jose, 5 days ago
Great service , communication and excellent work! Highly recommended.
4.76 800 Reviews
Tyler Bickford, 6 days ago
Danny Collins was great! He went over and above to make sure that my house could get solar panels. He even contracted in spray foam installation to increase energy efficiency! Everyone that came to install different parts of the system during the project were great too! Everything went quickly and smoothly except for a small permitting issue but the company made sure to rectify it and make up for it.
Read more
Tyler Bickford, 6 days ago
Danny Collins was great! He went over and above to make sure that my house could get solar panels. He even contracted in spray foam installation to increase energy efficiency! Everyone that came to install different parts of the system during the project were great too! Everything went quickly and smoothly except for a small permitting issue but the company made sure to rectify it and make up for it.
4.76 124 Reviews
Andrea , 3 weeks ago
Buckle up, this is a long review, but hopefully worth it if you use them to help make your decisions. If you want the Reader’s Digest / TLDR - I highly recommend Ross and STE. if you want better details, read on. I have always been interested in solar but knew I needed to wait till I was in my presumably forever home, which we now are. In the spring, I started looking into local solar companies. I lurked on community Facebook posts, spoke with neighbors, and lined up meetings with five companies that people had used. Ross was the first we met with, so at the time, we had no perspective. He made confident claims about his company, which I took with a grain of salt. We met with three more after him. Ross included not just the numbers in his estimate, but also detailed information about the system components so I could go look them up, which I did, so I could determine if other estimates were apples / oranges. His system components are the same as several of his competitors and he was almost $15k less expensive. I found that he explained the tax credits very well, and appreciate that if one wants to finance their system, Ross only uses an organization that charges no dealer fees. Another company that came to present to us tried to sell me on “a great rate” for financing and when I told him I would not pay dealer fees, he visibly got nervous and smirked and asked how I knew what those were. Needless to say we asked that guy to leave. Ross set our expectations very realistically considering we were installing the system in the dead of summer. He explained net metering in Florida very well with visuals to help drive the concept home. When we agreed to do business after I had interviewed other companies, another point of discussion was the fact that we have trees that shade our south roof facade. The trees are mature and beautiful and healthy, and they also don’t belong to us. So, there’s only so much we could do even if we wanted to. I got two tree trimming quotes and decided to take what they would have charged for that and buy more panels instead. In my research I discovered that even if the installer uses Enphase, they don’t always install ancillary parts of the systems and/or turn on all the options in the app, so you can’t see consumption vs production. Ross does. I geek out every day now looking at the data and knowing we are no longer slaves to Duke Energy and our thermostat. Ross remained communicative throughout the process. His installers have been with him for years. They were personable and professional when they were at our home. Celeste, his right hand office manager gal, is friendly and always quick to respond. I live local to his business HQ, so I’m also aware of several large commercial projects they did in the next town over. If you speak with him for an estimate, he will surely make the same confident claims about his business that he did with us. I can now say he lived up to all of them. That’s a rarity these days, so I give him credit for that and he deserves a great review.
Read more
Andrea , 3 weeks ago
Buckle up, this is a long review, but hopefully worth it if you use them to help make your decisions. If you want the Reader’s Digest / TLDR - I highly recommend Ross and STE. if you want better details, read on. I have always been interested in solar but knew I needed to wait till I was in my presumably forever home, which we now are. In the spring, I started looking into local solar companies. I lurked on community Facebook posts, spoke with neighbors, and lined up meetings with five companies that people had used. Ross was the first we met with, so at the time, we had no perspective. He made confident claims about his company, which I took with a grain of salt. We met with three more after him. Ross included not just the numbers in his estimate, but also detailed information about the system components so I could go look them up, which I did, so I could determine if other estimates were apples / oranges. His system components are the same as several of his competitors and he was almost $15k less expensive. I found that he explained the tax credits very well, and appreciate that if one wants to finance their system, Ross only uses an organization that charges no dealer fees. Another company that came to present to us tried to sell me on “a great rate” for financing and when I told him I would not pay dealer fees, he visibly got nervous and smirked and asked how I knew what those were. Needless to say we asked that guy to leave. Ross set our expectations very realistically considering we were installing the system in the dead of summer. He explained net metering in Florida very well with visuals to help drive the concept home. When we agreed to do business after I had interviewed other companies, another point of discussion was the fact that we have trees that shade our south roof facade. The trees are mature and beautiful and healthy, and they also don’t belong to us. So, there’s only so much we could do even if we wanted to. I got two tree trimming quotes and decided to take what they would have charged for that and buy more panels instead. In my research I discovered that even if the installer uses Enphase, they don’t always install ancillary parts of the systems and/or turn on all the options in the app, so you can’t see consumption vs production. Ross does. I geek out every day now looking at the data and knowing we are no longer slaves to Duke Energy and our thermostat. Ross remained communicative throughout the process. His installers have been with him for years. They were personable and professional when they were at our home. Celeste, his right hand office manager gal, is friendly and always quick to respond. I live local to his business HQ, so I’m also aware of several large commercial projects they did in the next town over. If you speak with him for an estimate, he will surely make the same confident claims about his business that he did with us. I can now say he lived up to all of them. That’s a rarity these days, so I give him credit for that and he deserves a great review.
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.47 |
LONGi Solar | $2.41 |
LG Solar | $2.81 |
Panasonic | $2.83 |
SunPower | $2.91 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Cape Coral varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Cape Coral.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 11.42 kW |
Annual power generation | 14,547 kWh |
Pay-back time (assuming Cash purchase) | 9.2 Years |
Internal rate of return (IRR) on investment | 6.6% |
Gross cost | $28,296 |
Total Upfront Incentives and Rebates | -$8,357 |
Net Cost of System after rebated and incentives | $19,941 |
Total Cost of Utility Power Avoided over 25 years | $70,014 |