Table of ContentsSolar power in Florida Florida solar panel cost Florida solar panel incentives and rebates Florida solar panel companies Why choose Florida solar power? Should I buy or lease my solar panels in Florida? Important solar installation factors to consider in Florida Florida solar power FAQs Solar energy by state
Solar power in Florida
It comes as no surprise that the Sunshine State is a great place to invest in solar energy. Florida ranks 5th in the country for solar energy generation. Florida has many solar incentives and rebates that benefit residents who want solar panels for their homes. Most Florida homes are great candidates for solar panels because the amount of sun allows residents to produce most of their electricity right at home.
Florida solar panel cost
The cost of solar panels in Florida has come down in recent years. According to the most recent data from Berkeley Lab, an average home solar system in Florida costs around $32,479 for a 9.6 kW system. The average price per watt in Florida is $3.38. Your actual total cost may be thousands less because of solar incentives like the solar tax credit. This federal tax credit reimburses 26% of the cost of your solar system through 2022.
While the sticker price is high, investing in a solar system can create significant energy savings. Plus, solar panels last between 20–30 years, and solar panel warranties typically cover this period of time. This lifespan leaves homeowners who buy Florida solar panels with decades of self-generated electricity, even after recouping their initial investment.
The cost of solar panels in Florida will also depend on how many solar panels you need for your home (based on your home size and energy use). Other accessories that may impact your final cost include the solar inverter, the type of panels you select (monocrystalline or polycrystalline), and home solar batteries. Discover more about the most efficient solar panels, the best solar inverters and the best solar batteries of 2022.
Interested in learning more about the best solar panels in your area? Fill out the form below to get started.
|Price Per Watt||System Size (kW)||Cost|
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Florida solar panel incentives and rebates
2022 is a great year to cash in on Florida solar tax credits, incentives, and rebates in Florida. Here are some of the state solar incentives that can offset the overall cost of solar panels in Florida.
|Federal Solar Tax Credit||Save 26% of your solar costs in 2022 (or 22% in 2023) with this federal tax credit. You will need IRS tax Form 5695 (see instructions).|
|Solar Property Tax Exemption||This statute gives residential solar systems a 100% property tax exemption, meaning you won’t pay additional taxes for the value that the solar panels add to your home.|
|Solar Sales Tax Exemption||This statute lists tax-exempt items, including “solar energy systems or any component thereof.”|
|Net metering||This statute ensures that “customer-owned renewable generation is allowed to offset the customer’s electricity consumption,” also called net metering. Find more info on your electric provider’s net metering program and application process below:|
|PACE program||The Property Assessed Clean Energy (PACE) Program “is a long term, fixed rate source of financing that allows homeowners to do energy conservation and hurricane hardening improvements to their property.” These improvements include renewable energy generation, such as solar panels.|
Florida solar panel companies
Nearly 500 Florida solar panel companies offer installation for your home. Many Florida installers can customize a solar system ideal for your household. Begin your research into the solar industry with the guides and resources on this page. Once you know the basics of solar panels, finding the right Florida solar panel installer is much easier. TIA Solar is among the largest solar installations in the state, generating 1 MW or enough power for 175 homes, but big things are still in store – the state is poised to see even more growth in the solar sector in coming years.
Learn more about solar panel companies in Florida by filling out the form on this page. We can put you in touch with dependable solar providers in your area. Our solar installers work with you to create a custom system for your home and energy needs.
Why choose Florida solar power?
Floridians who are on the fence about purchasing a home solar system will benefit greatly by deciding before the end of 2022. Here’s why:
- The U.S. federal government has extended the 26% solar tax credit for those installing solar panels in Florida in 2022. This tax credit may cover more than a quarter of the cost of solar panels in Florida. In 2023, the tax credit will drop to 22%.
- Net metering benefits are still in effect, for now. Gov. DeSantis vetoed HB 741 in April 2022, which would have placed a limit on how much energy solar customers could sell back to their utility.
Lower energy costs
Over the life of the solar panels, the kilowatt-hours of electricity the system produces will likely be cheaper than the future cost of energy. Installing Florida solar panels allows you to generate your own electricity at essentially no cost after your payback period. Those who invest in home solar panels can save more than $900 a year in energy costs versus the average electricity rate for traditional power in Florida.
Increased independence from the power grid
Any time a power outage from a Florida hurricane leaves you without electricity, it’s tempting to become more energy independent. Florida solar panels owners who have a solar battery installed can still power crucial appliances during a temporary outage. Therefore, issues with the power supply will have a less immediate impact on your home system. Additionally, surges in demand on the grid won’t impact your electricity rates because of your fixed solar panel costs.
Many Floridians also want to positively impact their environment, and that is a large benefit of how solar works. Solar panels reduce your environmental footprint since your home is one of the places where you can have the most impact as an individual. Renewable solar energy doesn’t emit carbon dioxide into the atmosphere, allowing you to reduce the greenhouse gas emissions you create in a given year while saving on your electric bills long-term.
Should I buy or lease my solar panels in Florida?
Many consumers consider a solar lease, where a solar company installs solar panels on your home, you use the electricity in your home, and the company keeps ownership of the panels. You are charged a fee every month to cover the lease of the panels. While the rate you pay may be lower than the conventional electricity rate in your area, there will never be a time when the leased panels are “fully yours.”
Another option is entering a Power purchase agreement (PPA). Like a lease agreement, a contractor will set up a solar system on your property. However, the difference between a PPA and a solar lease is that the company that owns the solar panels then sells you electricity at a reduced rate. You do not have to pay a monthly lease fee for the panels.
On the other hand, buying solar panels outright requires an initial financing choice: you’ll need to search for a solar loan or pay upfront for the panels. However, once you have made your purchase, every year that you use your solar panels moves you towards a return on your solar investment. Many people experience a return on investment within 10 years. And for those who sell their homes, the increase in resale value is normally around $15,000.
A third solar option that many communities are starting to offer is the chance to invest in a large offsite solar facility through a community solar program. Depending on the program’s structure, you may be able to secure a competitive green energy rate for solar without having the upfront costs of a solar system on your roof. Find out if community solar is available in your area here.
Call the number on this page to learn more about going solar at your home today.
Important solar installation factors to consider in Florida
While Florida is known for sunny skies, it’s not without its cloudy days. However, solar panels can still generate electricity on rainy and cloudy days. Solar panels even work during the winter months. Overcast days may produce lower output, meaning they will not generate as much electricity, but sunny summer days will increase your solar generation. If your home is heavily shaded by trees or other obstacles, that will impact your solar installation’s effectiveness year-round,
Your roof’s condition, age, and angle can also impact efficiency. Your solar installer will assess the viability of your home for solar panels to determine whether your home’s roof is a good candidate for solar panels in Florida.
Lastly, HOAs and neighborhood associations may have an approval process or regulations regarding solar panels. Your solar installer can help you consult all the appropriate channels before moving forward with this investment.
What if you don’t have a roof at all? Many Florida residents split time between the north and south while living in RVs. If you are a snowbird or live in an RV year-round, you can still benefit from solar in Florida. Learn more about solar panels for RVs.
Florida solar power FAQs
How much would solar cost in Florida?
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According to Berkeley Lab, prices range from $18,389 for a 6.7 kW system to $47,492 for an 11.7 kW residential solar panel installation before factoring in the solar tax credit and other Florida solar incentives.
Is solar power a good investment in Florida?
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Yes. Generally, solar panels in Florida have a payback period of under 10 years, leaving an additional 10–20 years of “free” energy afterward. To decide if solar panels in Florida are a good investment for you, factor in your location, your energy use, and your average electricity expenses.
How much could I save by investing in solar in Florida?
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Florida is among the top 10 U.S. states with the highest electricity bills, at around $140 for 1,100 kilowatt-hours (kWh) per month. Solar panels let Florida homeowners save in two ways: on electricity costs and by earning utility bill credits from net metering. If you can virtually eliminate your monthly electricity bill, you could be looking at savings of over $1,600 per year.
Where can I find a good solar panel installer in Florida?
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Florida offers a variety of good solar panel installers. Be sure to do your research before signing a contract with an installer. Read reviews, ask for customer references, and research the company’s track record before deciding. Call the number on this page to let SaveOnEnergy help you along your solar panel journey.
Solar energy by state
- new jersey
- new mexico
- new york
- rhode island
- south carolina
- Washington D.C.