Florida ranks #11 in America for savings from installing solar panels on your home

Solar power in Florida

They don’t call Florida the Sunshine State for nothing. The abundance of sun allows home solar in Florida to produce more energy compared to home solar systems in other states.

Solar panel costs have fallen significantly in recent years, making solar systems more accessible to Florida home and business owners. In fact, the average cost charged by solar energy installation companies in Florida is the lowest in the nation at just $2.90 per Watt for cash-purchased systems and $3.30 per Watt for systems purchased through a solar-specific loan, which is arranged through the installer.

The solar market in Florida is expected to stay strong through the end of 2019, as the federal tax credit and other solar incentives (such as sales tax exemptions) make home solar panel systems a very attractive investment - despite low electricity prices charged by utility companies like Florida Power & Light.

 

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Solar power in Florida

Florida solar power facts

$3.39
/watt

Average cost of a 5kw solar power system in 2019
Price shown before incentives

9 Years 8 Months

Average payback time

$49,074

Average lifetime savings
Price shown after repayments of capital


/kWh

levelized cost of solar energy

24¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

13,134
kWh

Annual power production

Cash flow graph based on cash purchase of a 10.63kW system

This 10.63kW system would offset 100% of your energy usage if your typical monthly bill in Florida is $150, however your situation may vary so try our solar calculator to get a result tailored to you.


Solar companies in Florida that provide pricing through the Solar-Estimate marketplace

14


Best solar offers currently available in your city


Solar calculator and quote comparison tool

Compare solar quotes from the top solar companies in Florida

How much do solar panels cost in Florida

$3.39 per watt

Cash purchased solar system
Before 30% solar tax credit

$3.78 per watt

Financed solar system
Before 30% solar tax credit

N/A cents/kWh

Lease/PPA
Av. 15 year term, 2.5% price escalator

What are the pros and cons of buying solar panels for your home in Florida

With some of the best solar financing options available in the US, going solar in Florida is an excellent and affordable investment. High solar production, the 30% solar tax credit, and a 1-for-1 net metering policy for all public utilities make the Sunshine State a prime location for installing residential and commercial solar systems.

Florida does not, however, accept third-party ownership power purchase agreements (PPAs) as a way to finance solar systems. In other states, this financing option is popular among third-party solar developers. They own the solar system as they build it on the customer’s property and then sell the power generated by the system back to the customer.

Florida law states that only public utilities are allowed to sell electricity in this way and that it must be available to the general public. The electricity sold to customers straight from the developer would not be considered to be available to the general public, therefore rendering PPAs illegal.

Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.

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Best brands of solar panels

To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.

However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.

For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.

 

Unlock live pricing on the best solar panel brands!

 

How much electricity will solar panels produce in Florida

Solar panels produce different amounts of energy in different locations.

Around the Jacksonville area solar panels installed on a south facing 20 degree pitch roof will typically produce:

1,351kWh per year per 1kw of peak DC (direct current) capacity

For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.

 

See how much electricty your solar panels could produce

I want to buy a solar panel kit and install it myself

What rebates, solar tax credits and other solar incentives are available in Florida

Solar incentives in Florida

The largest solar incentives in Florida include the federal 30% solar tax credit and the state’s net metering law.

Although there is not much available in terms of upfront rebates or performance incentives, Florida does lead the nation in the development of cheap financing for solar.

 


 

Net Metering

Utility companies in Florida are required by the Florida Public Service Commission, also known as FPSC, to offer full 1-to-1 net metering to their customers. What does that mean? Florida law requires utilities to give you the full retail value for each unit of solar power you generate.

For example, if you generate more solar power than what you use, that excess power generated is exported to the grid. For each kilowatt hour (kWh) of energy you send to the grid, the utility is required to give you the full retail value of each kWh.

Tax Exemption

Florida offers two tax exemptions for solar systems: a sales tax exemption and a property tax abatement. Under the Solar and CHP Sales Tax Exemption, solar energy systems are exempt from Florida’s sales tax and use tax. The Property Tax Abatement for Renewable Energy Property exempts the assessed value of a solar system from your property tax.

Solar Tax Credit

The solar tax credit is a federal incentive that can be applied to solar systems. The credit allows for a 30% deduction of the costs of installing a solar panel system from your taxes. The tax credit is nonrefundable, meaning you can only get a refund up to the amount you owe in federal taxes.

 


 

Florida leads the nation in finance option offerings for solar systems 

Florida is one of only a few states in the US to have an active and funded PACE loan program. These loans are different from a typical loan, as they are paid back through an increase in your property taxes.

And what makes PACE loans even more unique is that they are attached to the property, not the property owner. So if you decide to move, you stop paying the loan and the next property owner will continue to pay through increased property tax costs.

This is a great option for people who want to go solar but don’t know how long they will live in their present home.

Currently both Renew Financial and YGRENE Works have residential and commercial PACE solar loans available.

SELF is a certified non-profit Community Development Financial Institution that provides unsecured personal loans to those in underserved communities for sustainable home improvements. SELF’s Clean Energy Loan, which is typically provided for residential solar projects, is an unsecured loan with 3 to 7 year terms at 5% to 9.75%.

SELF also administers PACE loans for St. Lucie County.

Florida Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in Florida we have a solar calculator that can show you exactly the information your require.

 

You can either use our full monty solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.

 


 

What you can find out about installing solar panels in Florida using our full monty solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

 

Unlock live pricing in your state!

 

Solar calculator

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

Your city may have further incentives to offer. Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.