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 for Davenport 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 Davenport 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 Davenport, 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 Davenport, 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 12.51kW solar system in Davenport, FL
This system would offset 100% of your energy usage if your typical monthly bill is $234, however your situation may vary so try our Davenport solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
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 12.51kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Davenport, 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.