Solar power in Clermont, Florida
Both SECO and Duke energy offer an excellent net metering program from their Clermont customers.
There is also the federal solar tax credit, this has no size limit to receive the full amount (worth 26% in 2020) and may be spread over several years.
Net Metering Broken Down
Under net metering each kWh of unused solar generation is exported to the grid at the retail tariff rate. After paying off your bill your utility will credit your account. With so much sun in Clermont net metering can make some serious money.
The average cost of installing residential solar panels in Clermont,
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 Clermont, FL
is $13,250.
(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 costThere 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 Clermont 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 Leesburg, City of Mount Dora, Clay Electric Cooperative Inc, Duke Energy Florida, Sumter Electric Coop Inc
How much can solar panels save you in Clermont
Clermont PACE Program
Although not available in each locality Florida offers a PACE program for communities and their residents to take part in. PACE is essentially a loan or PPA but is paid for at a cheaper rate through property taxes. What makes PACE work so well is that the solar system's cost stays with the property, if you move house the new owner keeps paying. There is no responsibility or large upfront costs with this program, it's basically solar with no strings or cons attached.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Clermont 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 Clermont 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 Clermont
What does the cost of a real solar system look like?
Facts about installing a 11.26kW solar system in Clermont, FL
This system would offset 100% of your energy usage if your typical monthly bill is $227, however your situation may vary so try our Clermont solar calculator to get a result tailored to you.
$20,414
Net cost of system
6 Years 7 Months
Average payback time
16,214 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
30¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.26kW system
Life-time savings on this system over the next 25 years
$91,731
(Prices shown after repayments of capital)
38
Solar companies in Clermont, FL that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Clermont
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,216 | $6,713 |
| 4kw | $8,140 | $8,791 |
| 5kw | $9,990 | $10,789 |
| 6kw | $11,766 | $12,707 |
| 7kw | $13,468 | $14,545 |
| 8kw | $15,096 | $16,304 |
| 9kw | $16,650 | $17,982 |
| 10kw | $18,130 | $19,580 |
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:
| Incentive Name | Eligibility | Type |
|---|---|---|
| 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.
