Cost of solar in Boca Raton, FL

Electricity Consumption in Boca Raton

Electricity Consumption by Florida residents averages 1081 kWh per month. It ranks #11 in the nation for savings from installing solar panels on the home.

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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 to find out:

 

Estimate your solar savings

 

Solar power in Florida

The average cost of installing residential solar panels in Boca Raton, Florida in 2018 is $3.29 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 $16,450. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 5.77kW solar system in Boca Raton, FL

This system would offset 100% of your energy usage if your typical monthly bill is $104, however your situation may vary so try our solar calculator to get a result tailored to you.

$13,369

Net cost of system
Cash - after 30% solar tax credit

8 Years 11 Months

Average payback time

8,000
kWh

Annual power production


/kWh

levilized cost of solar energy

28¢
/kWh

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 5.77kW system

Life-time savings on this system over the next 25 years

$36,191

(Prices shown after repayments of capital)

 


 

Solar companies in Boca Raton, FL that provide pricing through the Solar-Estimate marketplace

41

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Florida

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $7,560 $8,165
4kw $9,772 $10,554
5kw $11,865 $12,814
6kw $13,818 $14,923
7kw $15,631 $16,881
8kw $17,248 $18,628
9kw $18,774 $20,276
10kw $20,160 $21,773

 

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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:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
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.