Is It Worth It To Get Solar Panels In Florida

A lease typically allows homeowners to add rooftop solar panels with zero upfront costs making it a possibility for many more people.

Is it worth it to get solar panels in florida.

On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Despite the middling grade homeowners who install solar panels in florida can see decent returns with nearly 40 000 in net savings over time.

The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied. Altier told us that floridians who have solar panels on their homes can use energy from the sun. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. This new financial option makes right now an excellent time to add rooftop solar panels to your home.

Florida s average cost of a solar panel installation ranges from 11 262 to 15 238. And with the federal solar tax credit continuing to decrease in size next year 2020 is a great time to choose solar panels for your home. Technicians from solar source install solar panels on a house in dunedin florida. Why it s so hard to get solar in florida that d be the.

We asked patrick altier owner of the florida based energy company solar trek to explain further. This puts an average 6 kw solar system at 16 200 before claiming any incentives. As of september 2020 the average solar panel cost in florida is 2 65 w given a solar panel system size of 5 kilowatts kw an average solar installation in florida ranges in cost from 11 262 to 15 238 with the average gross price for solar in florida coming in at 13 250 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net. Chris zuppa the penny hoarder.

Another calculation that potential solar buyers have to consider is the solar payback period. We recently applauded florida for its decision to allow solar leases. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country. Now let s talk about solar power in the state of florida.

To make solar panels affordable many rooftop solar users sell excess electricity back onto the grid. But not all states allow for that. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in.