Cost of solar in Fort Lauderdale, FL
Electricity Consumption in Fort Lauderdale
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 Fort Lauderdale, Florida
FPL provide 1 for 1 net metering to their Fort Lauderdale customers. Each kWh of unused solar generation is sent to the grid in exchange for a kWh off of your bill. If more energy is exported than drawn within a month credit is given to future bills still at retail value. At the end of the yearly billing cycle remaining credit is deposited into your account at the avoided cost rate.
Under the federal ITC 30% of the project costs can be claimed as a deduction to your federal taxes, this can incentive can be used in parts over several years to better suit anyones financial situation.
Available in Broward county is Florida's PACE financing program. PACE is essentially a lease or PPA however, is paid through a slight increase in property taxes. The Florida PACE program is great for those looking to only stay a few years in their current home since you receive the benefits of net metering but if you move house the new owners will continue paying.
With great sunshine and incentives solar is an excellent investment. If you still aren't quite sure a free estimate by enetering your zip code below can never hurt.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Fort Lauderdale 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 Fort Lauderdale 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 Fort Lauderdale, 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 Fort Lauderdale, 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 15.9kW solar system in Fort Lauderdale, FL
This system would offset 100% of your energy usage if your typical monthly bill is $243, however your situation may vary so try our Fort Lauderdale solar calculator to get a result tailored to you.
$28,827
Net cost of system
Cash - after 26% solar tax credit
8 Years 4 Months
Average payback time
22,090
kWh
Annual power production
5¢
/kWh
levilized cost of solar energy
24¢
/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 15.9kW system
Life-time savings on this system over the next 25 years
$88,056
(Prices shown after repayments of capital)
Solar companies in Fort Lauderdale, FL that provide pricing through the Solar-Estimate marketplace
59
Average total cost of solar panel installation in Florida
| 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 |
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 |
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.