Table of Contents
- How much do solar panels in Florida cost?
- Solar panel pricing vs electricity costs in Florida
- Average solar panel costs by system size in Florida
- Current solar incentives & rebates in Florida
- Is Florida good for solar?
- What not having solar panels in Florida will cost you
- What does the cost of solar panels in Florida depend on?
- Solar panel cost FAQs for Florida
How much do solar panels in Florida cost?
Going solar in the month of November, 2024 in Florida averages out to $3.05/W.
You should expect the price to be $3,050, on average, for every 1 kW (or 1000 watts) of solar energy your solar panel system can produce. A 5 kW panel install in Florida will typically cost you $10,675 after the 30% federal tax credit. Your energy consumption levels might require a larger system.
Solar panel pricing vs electricity costs in Florida
Across Florida, the average electric bill for an energy user is $160.08, with an average monthly usage of 1,099kWh. Compact residences, including duplexes, are also reflected in the numbers cited in the prior sentence.
In November 2024, the electricity rate in Florida averages 14.56¢ per kWh.
The average electricity consumer in Florida has to have 9 kW or higher solar setup to take care of their full energy usage demands. Currently, 9 kW setup costs $19,215 after deducting the 30% federal income tax credit.
Average solar panel costs by system size in Florida
Presented below, you will find a price breakdown for multiple solar panel system sizes set up in Florida. Although a more extensive solar installation comes with a larger expense, it also provides greater electricity savings and higher income tax credits.
| System Size | Roof Size Min. space required | Electricity Value Annual Production | Est. Price |
|---|---|---|---|
| 5kW | 358 ft² | $1,189 a year | $10,675 |
| 6kW | 429 ft² | $1,427 a year | $12,810 |
| 7kW | 501 ft² | $1,665 a year | $14,945 |
| 8kW | 572 ft² | $1,903 a year | $17,080 |
| 9kW | 644 ft² | $2,140 a year | $19,215 |
Current solar incentives & rebates in Florida
For those looking into residential solar, the 30% federal income tax credit is offered to most people, which makes solar a feasible option in many states. In conjunction with federal efforts, state and local programs help to promote the use of solar power.
In Florida, 34 solar rebates and incentives are currently available from different utilities and government agencies.
Is Florida good for solar?
If you expect to own your residence longer than the solar system's payback period, solar panels are a smart investment in Florida. Installing a 5 kW solar system in Florida will, on average, save you $27,743.30 over 20 years, and you can expect to break even in about 6 years.
What not having solar panels in Florida will cost you
Not installing solar panels or any other backup energy system leads to missing the previously noted savings and full dependence on your electric utility for electricity. Recent news examples have shown that full reliance on your utility provider is not always ideal.
Over the past few years, customers in Florida have faced an average of 1.86 utility outages each year. On average, each outage lasts for 195.1 minutes. Major events like vandalism, aging infrastructure or wildfires can considerably extend these durations.
With or without a backup battery, a solar panel system could ease the stress of future power disruptions you might experience.
What does the cost of solar panels in Florida depend on?
- How Much Energy You Need
- Brand & Model
- Solar Panel Type
- Your House
- Labor Costs
- Permitting & Interconnection
Bigger solar panel systems are more expensive, but the cost per watt decreases as well. A larger system that can completely cover your typical electricity bill would lead to the biggest savings long-term.
Solar panel cost FAQs for Florida
What do solar panels cost in Florida?
The average solar panel installation cost in Florida is $3.05/W as of November 2024. The installation of a 5 kW solar panel system in Florida is estimated to cost $10,675 when including the federal tax incentives.
What incentives are available for solar in Florida?
There are 34 rebates and incentives in Florida through different utilities and government agencies, as well as a 30% federal income tax credit.
What solar financing options are available to me?
Paying with cash will be the cheapest option, but financing options for solar panels exist and will often be detailed in your initial quotes from providers.
Is it worth it to get solar panels in Florida?
Yes, on average, a 5 kW system in Florida will pay for itself in 6 years, and you'd save approximately $27,743.30 on electricity over 20 years.
Will Florida pay you to get solar panels?
No, but all U.S. residents can apply for a 30% federal income tax credit.
Can you get free solar panels in Florida?
No, but there are plenty of incentives, both federally and statewide that can make them affordable.