Solar power in Boca Raton, Florida
Florida Power and Light offers its solar customers in Boca Raton a net metering program. Net metering credits unused solar production exported to the grid at the retail rate for power. Especially with solar production being so high in Boca Raton solar systems usually export more power than what the home draws and each kWh after covering your bill is credited at the retail power rate. Credit can be used on future bills or FPL can deposit it into your account. There is also the 30% federal solar tax credit allowing for 30% of the system cost to be deducted from your taxes. You may extend the tax credit over many years eg. 10% each year over 3 years. There is also no size limit to receive the full 30%.
Some areas in Florida offer a PACE financing program which is essentially a lease or PPA but payed for through property taxes. The main reason a lot of people don't go solar is because they don't know how long they will be in their current home. Since PACE is paid through property taxes if you move house the new owner continues to pay off the system. It is essentially solar with all pros and no cons since you don't have to worry about how long you will be in your house, you wipe out your power bill and receive net metering credit.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Boca Raton to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Boca Raton and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Boca Raton, Florida in 2020 is $2.65 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Boca Raton, FL is $13,250. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 15.42kW solar system in Boca Raton, FL
This system would offset 100% of your energy usage if your typical monthly bill is $278, however your situation may vary so try our Boca Raton solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
7 Years 3 Months
Average payback time
Annual power production
levilized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 15.42kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Boca Raton, FL that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in Florida
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
Going solar in Florida
Check out all of the ways energy providers of Florida can help you be more energy efficient and save money.
The following programs are available:
|Residential Renewable Energy Tax Credit||Federal||Personal Tax Credit|
|Solar and CHP Sales Tax Exemption||State||Sales Tax Incentive|
|Property Tax Abatement for Renewable Energy Property||State||Property Tax Incentive|
|PACE Loans||State||Loan Program|
|SELF Loans||State||Loan Program|
|Net Metering||State||Net Metering|
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.