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Best 5 Solar Companies in Palm Bay, FL

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Written By Max Peterson | Last Updated: February 05, 2024

Palm Bay homeowners enjoy 7,400,000 sunny days per year, making the city a perfect environment for solar power. While embracing solar power comes with upfront costs, local homeowners could ultimately save $1,200 per kilowatt on their electric bills. A professional installer can help you choose the best panels to maximize your savings. Discover Palm Bay's top-rated solar companies and learn crucial decision-making strategies on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions

Top Palm Bay Solar Companies

Crane Creek Solar Systems Logo

Crane Creek Solar Systems

4.7/5
Based on 49 customer reviews.

Services Offered

Residential Panels Commercial Panels Consultation Skilled Repairs Maintenance Off-Grid Solar Systems

Highlights

  • Reliable customer support
  • Clear pricing policy
  • Free quotes
1135 Hickory St, Melbourne, FL 321-450-8182 solar-melbourne.com
Solar Authority Logo

Solar Authority

4.7/5
Based on 45 customer reviews.

Services Offered

Residential Panels Maintenance Consultation Skilled Repairs

Highlights

  • Free quotes
  • Reliable customer support
  • Informative resources
330 Stan Dr Suite 101, Melbourne, FL 321-749-4419 solarauthoritypro.com
Affordable Solar Services Logo

Affordable Solar Services

4.6/5
Based on 98 customer reviews.

Services Offered

Battery Storage Financing Assistance System Decommissioning Residential Panels Skilled Repairs Permit Assistance

Highlights

  • Clear pricing policy
  • Free quotes
  • Prompt service delivery
2870 Kirby Cir Ne #3, Palm Bay, FL 321-576-6156 affordablesolarservices.com
Excel Solar Logo

Excel Solar

4.4/5
Based on 58 customer reviews.

Services Offered

Commercial Panels Financing Assistance Residential Panels Skilled Repairs

Highlights

  • Informative resources
  • Free quotes
  • Reliable customer support
340 Stan Dr #101, Melbourne, FL 321-626-6630 excelsolar.com

More Local Solar Companies

Solar Energy Systems of Brevard

User Reviews: 4.1/5 

1536 Cypress Ave
Melbourne, FL 32935

SunShop Solar

User Reviews: 4.7/5 

577 Barnes Blvd UNIT. 550
Rockledge, FL 32955

Pistolatum Solutions

User Reviews: 4.4/5 

137 S Courtenay Pkwy Suite 574
Merritt Island, FL 32952

Alron Construction LLC Roofing & Solar

User Reviews: 4.5/5 

300 N Cocoa Blvd
Cocoa, FL 32922

Vero Beach Solar Panels

User Reviews: 4.7/5 

2150 15th Ave
Vero Beach, FL 32960

Hibiscus City Solar Panels

User Reviews: 4.7/5 

823 Beachland Blvd
Vero Beach, FL 32963

Goldin Solar

User Reviews: 4.3/5 

1109 US-1
Vero Beach, FL 32960

Equity Solar

User Reviews: 4.5/5 

2090 Old Hickory Tree Rd Suite 104
St Cloud, FL 34769

MidKnight Solar

User Reviews: 4.7/5 

6900 Tavistock Lakes Blvd Suite 400
Orlando, FL 32827

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

Our team used the following criteria to assess the best Palm Bay solar companies.

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Facts about Palm Bay
Average Max Temp: 81°F
Solar Payback Period: 8.6 years
Average Daily Sunlight: 73%
Homes Powered by Solar: 5,733
Average Annual Energy Bill: $1,374
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy offers multiple advantages. Here are some highlights.

  • Better energy independence: Photovoltaic systems with energy storage function through blackouts and emergencies, and you won't have to depend on the grid for your safety and comfort.
  • Lowered energy bills: With a solar array, you create power without paying the tacked-on costs of grid-tied power. Going off-grid can eliminate your bills completely.
  • Reduced carbon footprint: Using solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.

What Solar Incentives Are Available to Palm Bay Homeowners?

Governments and power companies often incentivize homeowners for switching to solar. Here are some of the rebates, tax credits or other programs you could qualify for.

Incentive Type: Sales Tax Incentive

Incentive Amount:

All

Incentive Type: Property Tax Incentive

Incentive Amount:

Residential: 100% of the added value
Non-Residential: 80% of the added value

Incentive Type: PACE Financing

Website: floridapace.gov

Incentive Amount:

Determined locally

Incentive Type: Loan Program

Website: lakelandelectric.com

Incentive Amount:

$5,000

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Palm Bay

The more comprehensive your company research is, the better your solar system will ultimately operate. Here are some key items to consider while searching for a solar installer.

Licensing and Training

Once an electrical professional in Florida has four years of field experience, including one year as an apprentice, they can take two exams to earn a CV license with the Florida Construction Industry Licensing Board. Florida also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Palm Bay

Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

Additional accessories, such as electric vehicle (EV) chargers and battery storage, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar contractors provide these optional components, so look for a provider that sells them if it's essential for you.

Most Palm Bay homeowners select solar systems sized for five kilowatts (kW) of electrical capacity. These systems cost about $16,050 to set up, considering both materials and labor. You can find more specific cost information in the table.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,065
Solar Polycrystalline $831
Thin-Film $486
Solar Battery $682
Solar Home EV Charger $2,557

Financing Solar Energy in Palm Bay

There are a plethora of ways to pay for a new solar system, and the right one will reduce your expenses. A few of the most common options include power purchase agreements (PPAs), leases, cash payments, and loans. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Similar to a home or car loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in specific circumstances. Look for installers that offer multiple payment plans to find the right fit for your financial needs.

The table below lists the average payback periods for different capacities of solar systems in Palm Bay.

You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own financing plans and rebates that could reduce your total cost even more.

Solar System Capacity Estimated Payback period
1 kW 1.7 years
2 kW 3.5 years
5 kW 8.6 years
10 kW 17.3 years

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Frequently Asked Questions About Solar in Palm Bay

How much money could I save by going solar in Palm Bay?

On average, Palm Bay homeowners spend roughly $1,374 per year on power bills. Once you pay off your solar array, you could save $1,217.58 for every kilowatt you produce.

Is solar energy easily accessible in Palm Bay?

Yes, solar energy is reaching new heights in Palm Bay. Some homes already generate solar power on-site or through utility grids, and they're supported by a state solar economy with 12202 job opportunities and counting.

Will solar panels raise my Palm Bay home value?

Yes, new solar systems lead to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could increase your home's value by $12,000.

What if I live in a heavily-wooded or gloomy

Even if your property has high tree cover, you could still use solar energy. Your technician will optimize your system's performance by selecting the proper site for panels, installing a battery backup system, cleaning them regularly, and positioning them to capture the most sunlight throughout the year. This way, you can keep solar energy longer and use it as necessary.

Is solar panel installation a quick job?

There's no universal answer for how long a solar project might take. Ultimately, it depends on panel style, local weather, the permitting and inspection process, system size, and the necessary prework. Most homeowners can be solar-ready within two months from their initial estimate visit.

How long does it take to pay back a solar loan in Palm Bay?

Most Palm Bay homeowners pay back a solar loan in 9.2 years. You can shorten the payback period by paying off extra loan principal each month.

How can I enhance my solar system's performance?

To enhance your solar system's performance, you can try the following strategies:
  • optimize the panels' position with your solar installer
  • regularly clean your solar panels
  • upgrade to a more efficient inverter trim or cut down trees in the way of your panels
  • use energy-efficient appliances

What's the difference between a PPA and traditional financing?

A power purchase agreement is a contract between you and your provider. They install, own, and maintain the panels, and you buy the generated electricity from them for 10–25 years. There will usually be options to buy out early to own your system and extend the agreement.

In contrast, solar loans can come from the government, installer, local banks and specialty lenders. You'll need to pass a credit check to qualify for most of them. While the upfront costs are greater, and you'll be responsible for maintenance, you'll also have complete ownership and can apply for many more financial rewards.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources