* Cost data based on quotes for fully-installed solar panel systems submitted on our platform. Prices are shown after applying the 26% federal tax credit.
Florida is one of the best places in the nation for installing solar panels. The combination of excellent sun exposure, the solar tax credit, a great net metering policy, and some of the strongest financing options in the U.S. allows homeowners to see an excellent return on their investment when they install residential solar panels in Florida.
The cost of installing solar panels is now more than 80% lower than it was 10 years ago, so the financial benefits of installing solar panels are better than ever. On average, Florida solar panels pay back their cost in under 9 years and earn homeowners thousands of dollars in savings over their estimated 25- to 30-year lifespans.
The average cost for an installed residential solar system in Florida is currently $11,020 after claiming the 26% federal solar tax credit. This is $2.48 per watt. However, there is some variance in solar prices in different parts of the state. The graph below shows the average cost of installed solar systems in your part of the state.
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Prices based on a 6.8kW system, after 26% federal tax credit
Solar panels have fallen in price by more than 80% in the last ten years. In 2020 they also remain subsidized by the 26% federal tax credit and the net metering law, making them an excellent investment. They offer a return well above the long term average return from both the share market and also property investment.
Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels. As you can see below the savings are significant.
(forecast avg Florida electric rates over the next 25 years)
Every homeowner in the United States has the opportunity to earn a federal income tax credit equal to 26% of the costs to install solar. If you earn income, you can qualify for the credit and greatly reduce the costs of going solar after the first year.
Floridians benefit from net metering, meaning all kilowatt-hours (kWh) of electricity generated by your panels reduce your monthly electric bills by an equal amount. That can bring your bill down to just the few dollars per month that it costs to maintain a grid connection. If your system produces more electricity than you need during the year, the utility company will cut you a check for the excess kWh multiplied by their “avoided cost,” or wholesale energy rate.
Florida homeowners can also take advantage of a few state solar incentives which can make the financial decision to go solar easier. The Sunshine State offers both sales and property tax exemptions for solar installations, meaning your solar purchase will cost less up front and the value added to your home by the system will not increase your property tax.
Those lucky enough to live in the Jacksonville Electric Authority service area can also grab some pretty sweet rebates on home battery storage systems as well.
(After tax credit)
(After tax credit)
You will save most money by buying your solar system rather than leasing it. Read more about the pros and cons of leasing vs buying solar.
Minimum of 25 years but generally 30 or more
Solar panels power your house when they can but your home uses the utility company for power at other times. In 2020 "solar systems with battery storage" are becoming more popular. These are known as hybrid systems.
Solar panels are mounted on your roof and wired together in groups called solar arrays. The power they generate flows into a solar inverter, where the direct current (DC) is converted into alternating current (AC). The electricity is then either used by your home or exported to the electric grid.
Off-grid solar power involves meeting all your energy needs from the sun; there’s no utility to fall back on. The solar installation needs to power your home not just during the day, when the sun is shining, but after dark as well. This requires many solar panels, paired with a large battery system.
In hybrid solar systems, rooftop solar panels are connected to both a solar battery and the electric grid. This reduces your reliance on the utility while also providing backup power when needed. Battery storage is still expensive but you may be able to reduce costs by using state incentives.
Read more about types of home solar systems.
No, but cleaning them can improve power generation if they are dirty.
Given this environment, and the effect of import tariffs placed on solar panels by the Trump administration during 2018, it is hard to see that solar power system prices in Florida will fall during 2020.
Depending on the location, solar panels will generate different amounts of electricity.
A solar system that is installed on a south-facing 20-degree pitch roof Florida will generate 1,351kWh of peak DC (direct current) capacity per year per 1kW in the Miami area.
Enter your details into the solar panel calculator to see how your location, roof tilt, and roof direction impacts solar panel production.
The biggest advantages in Florida for installing solar panels are the financial savings possible, and the 26% federal tax credit is the biggest reason they work so well. Florida also offers some good state-level incentives that reduce the up-front and ongoing cost of going solar.
The main disadvantage of installing solar in Florida is the relatively low cost of electricity. Compared to other states, Florida is just below the national average in per-kWh cost of electricity. This negative is balanced out by the sheer amount of sun that shines down on your roof, and the high need for electricity-intensive air conditioning.
The incentives available to help you install solar panels in Florida will not be around for much longer. The federal solar tax credit is scheduled to step down to zero in just two years, and without it, the financial benefits of a home solar installation will not be as large.
This solar calculator requires you to input your address, utility company, your average monthly power spend - it tells you:
If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this Florida solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.
Note: Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
Find out how much you can save from installing solar panels in Florida with this expert guide to Florida solar incentives. See if you qualify for the Florida PACE program?
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