Solar power in Boca Raton, Florida
Florida Power and Light offers its solar customers in Boca Raton a net metering program.
There is also the federal solar tax credit allowing for part of the system cost to be deducted from your taxes. There is no size limit on this incentive.
Net Metering Broken Down
Net metering credits unused solar production exported to the grid at the retail rate for power. 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.
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
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.What if my tax liability is less than 26% of my systems cost
There is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Florida is only 1081kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Boca Raton solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Florida solar savings calculator can do this because it contains a database of the electric rates charged by City of Lake Worth, Florida Power & Light (FPL)
How much can solar panels save you in Boca Raton
Boca Raton PACE Program
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
Find out what rebates and incentives you can get in Boca Raton
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
7 Years 3 Months
Average payback time
Annual power production
Levelized cost of solar energy
If you don't get solar
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 Boca Raton
After 26% solar tax credit
After 26% solar tax credit
Find out what system size you need for your home
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|
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.