Is It Worth It To Get Solar Panels In Florida

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

Is it worth it to get solar panels in florida.

Now let s talk about solar power in the state of florida. 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. We recently applauded florida for its decision to allow solar leases. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands.

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. But not all states allow for that. 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. Despite the middling grade homeowners who install solar panels in florida can see decent returns with nearly 40 000 in net savings over time.

We asked patrick altier owner of the florida based energy company solar trek to explain further. It s called the sunshine state for a reason solar energy is plentiful here. Why it s so hard to get solar in florida that d be the. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in.

This new financial option makes right now an excellent time to add rooftop solar panels to your home. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country. Altier told us that floridians who have solar panels on their homes can use energy from the sun. The case for florida solar panels.

This puts an average 6 kw solar system at 16 200 before claiming any incentives. On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05. Technicians from solar source install solar panels on a house in dunedin florida. Another calculation that potential solar buyers have to consider is the solar payback period.

A lease typically allows homeowners to add rooftop solar panels with zero upfront costs making it a possibility for many more people. To make solar panels affordable many rooftop solar users sell excess electricity back onto the grid. 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.