Solar panel cost in Florida

The average cost for an installed residential solar system in Florida is currently $10,718 after claiming the 26% federal solar tax credit. This is $2.41 per watt.

Solar prices near you

Cost range of local prices

$12,453-$15,220

Net profit (savings less system cost)

$17,521-$21,414

Payback period

11.9-14.5 years

Recommended size for the selected utility bill

6.8kW

Chart 1: Distribution curve of FL residential solar cost 2020
$14K
SolarReviews average

Note: Prices after 26% Federal Solar Tax Credit

FL solar panel cost calculator

Cash flow graph based on cash purchase of a 6.8kW system

Florida solar power overview

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.

Are solar panels worth it in Florida

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.

Levelized cost of solar energy
?
Levelized cost per kWh is the cost of the solar system divided by the total number of kWh produced by a solar system over it’s lifetime

5¢ /kWh

If you don't get solar

28¢ /kWh

(forecast avg Florida electric rates over the next 25 years)

Florida solar incentives & tax credits

Federal solar tax credit

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.

Net metering

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.

Other incentives

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.

Table 2: Available incentive programs
Eligibility: Federal incentive
Type: Personal Tax Credit
Eligibility: Utility incentive
Type: Loan Program

Top 10 solar panel brands installed in Florida in 2020

Average cost of solar panel installation in Florida by system size

System size*
Cash purchase

(After tax credit)

Financed purchase

(After tax credit)

4kW $10,556 $11,295
5kW $12,655 $13,541
6kW $14,484 $15,498
7kW $16,709 $17,879
8kW $19,200 $20,544
9kW $21,078 $22,553
10kW $23,150 $24,771

Find city information in Florida

 

Best solar companies in the main cities of Florida

Solar Companies in Miami

Different types of solar companies

Solar company reviews

Home solar basics

Is it better to lease or buy solar panels in Florida

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.

How long do solar panels last?

Minimum of 25 years but generally 30 or more

How do solar panels work on a home?

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.

How do solar panels work?

Grid-tied solar system

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) electricity is converted into alternating current (AC) electricity that can be used by your home or exported to the electric grid.

Off-grid solar system

Off-grid solar power involves meeting all your energy needs from the power of the sun. There’s no utility to fall back on. This means the solar installation needs to power the home not just during the day, when the sun is shining, but after dark as well.

Read more about types of home solar systems.

Do solar panels require regular maintenance?

No, but cleaning them can improve power generation if they are dirty.

Will residential solar power system cost fall in Florida in 2020?

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.

Can you buy DIY Solar Panel Kits and install them yourself in Florida?

Yes you can! In some cases, you can save $3,000 or more when you install solar yourself, even after receiving the federal tax credit. Despite the potential for savings, data from Lawrence Berkeley Labs shows that only about 3% of homeowners choose DIY solar. 

Reasons for this include:

  • The permitting and inspection process for the utility, the state, and municipalities can be quite complex.
  • The installation work is both dangerous and difficult, with electrical work having to be performed at heights.
  • Often times, solar electricity customers will be charged a premium for DIY installations, which can limit savings.
  • In some states, a solar system needs to be installed by a qualified solar contractor in order to take advantage of incentives. In Florida, a solar contractor must hold at least a CV or EC license to be considered qualified. Utilities and incentive programs may have additional requirements.

 

SolarReviews does not recommend DIY solar installations unless you have suitable skills. However, for those who do, SolarReviews published a comparison table displaying solar panel kit prices from the top 10 leading solar kit websites in the US.

Buy DIY solar panel kits online

Prices don’t include installation, permits or inspections

How much electricity do solar panel systems generate in Florida?

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.

What are the pros and cons of installing solar panels in Florida?

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.

Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.

What you can learn from our state solar panel calculator

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.

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.

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