Cost of solar in Davenport, FL

Electricity Consumption in Davenport

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 Davenport, Florida

Duke Energy Florida offer their solar customers in Davenport net metering. Net metering credits each kWh of unused solar generation at same value as another kWh drawn from the grid at a later time. Net Excess Generation (NEG) after covering the cost of power drawn from the grid is still credited at the retail value for power and is applicable to future bills within the same 12 month billing cycle. Remaining kWh at the end of the 12 months are credited at the retail generation rate and cash is deposited into your account. With so much sunshine in Davenport net metering can save or even make you a lot of money.

If you have a taxable income 30% of the system cost can be claimed as a deduction to federal taxes. This incentive can be spread over several years and will always cover 30% regardless of system size. Incentives make installing solar in Davenport a no brainer and no home or business owner should wait since large IOU's like Duke Energy Florida are trying to stop net metering.

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 Davenport, 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 Davenport, 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 7.38kW solar system in Davenport, FL

This system would offset 100% of your energy usage if your typical monthly bill is $138, however your situation may vary so try our solar calculator to get a result tailored to you.

$16,273

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

8 Years 3 Months

Average payback time

9,857
kWh

Annual power production


/kWh

levilized cost of solar energy

30¢
/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 7.38kW system

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

$50,153

(Prices shown after repayments of capital)

 


 

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

34

 


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

 

Design your own solar panel system 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
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.