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.

Find local city information


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 to find out:

 

Estimate your solar savings

 

Solar power in Florida

The average cost of installing residential solar panels in Fort Lauderdale, 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 Fort Lauderdale, 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 6.81kW solar system in Fort Lauderdale, FL

This system would offset 100% of your energy usage if your typical monthly bill is $104, however your situation may vary so try our solar calculator to get a result tailored to you.

$15,302

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

9 Years 11 Months

Average payback time

9,454
kWh

Annual power production


/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 6.81kW system

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

$33,378

(Prices shown after repayments of capital)

 


 

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

59

 


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.