Is It Worth It To Get Solar Panels In Florida

Chris zuppa the penny hoarder.

Is it worth it to get solar panels in florida. Technicians from solar source install solar panels on a house in dunedin florida. Despite the middling grade homeowners who install solar panels in florida can see decent returns with nearly 40 000 in net savings over time. But not all states allow for that. This puts an average 6 kw solar system at 16 200 before claiming any incentives.

Another calculation that potential solar buyers have to consider is the solar payback period. This new financial option makes right now an excellent time to add rooftop solar panels to your home. That s not bad but it s not the best and we d like to see the state government do more to support people making the smart decision to add solar panels. To make solar panels affordable many rooftop solar users sell excess electricity back onto the grid.

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. The case for florida solar panels. 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.

While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Florida s average cost of a solar panel installation ranges from 11 262 to 15 238. 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.

We recently applauded florida for its decision to allow solar leases. Altier told us that floridians who have solar panels on their homes can use energy from the sun. 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. It s called the sunshine state for a reason solar energy is plentiful here.

Now let s talk about solar power in the state of florida. On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country.