Cost Installing Solar Panels Florida

Another calculation that potential solar buyers have to consider is the solar payback period.

Cost installing solar panels florida. Add up all 25 years cost and you get 60 762. 130 per month average bill 12 months 1 560. By 2044 we project your annual electric cost to be 3 561. With energy prices on the rise this may be the perfect time to go solar.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. The savings possible with solar in florida. 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.

With average annual increases of 3 5 year 2 cost is 1 614 year 3 is 1 670. They are custom based on the home roof type shading and utility. As of september 2020 the average solar panel cost in florida is 2 65 w. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.

After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars. Most homeowners pay between 16 532 and 30 820. Installation for the average 5kw system ranges from 11 100 22 400. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

Here s how it works. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. No two solar power systems are the same. On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05.