Cost of solar in Hollywood, FL

Electricity Consumption in Hollywood

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 Hollywood, Florida

Florida Power & Light offers its customers net metering so that you can receive retail value for the unused power your solar system exports to the grid. Solar production numbers in Hollywood are among the highest in the country so during the day when most people are out of the house your solar system will be making you a lot of money. There is also the 30% federal solar tax credit covering 30% of the system costs in the form of a tax deduction. With net metering, excellent solar production and a 30% tax credit solar is amazing!

Florida is one of the few states to run a solar PACE program where (if your local government participates) you pay for the system through your property taxes. The PACE program effectively is a much cheaper lease/PPA system that also removes the owner's sense of responsibility to their solar system since if you move house the next owners keep paying for it. To receive the best savings from solar it is best just to buy with cash, if this isn't an option for you a HELOC (home equity line of credit) loan secured against your house at low home loan interest rates might be. With a HELOC loan you can approach a solar company as a cash buyer and receive a much better price.

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 Hollywood, 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 Hollywood, 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 Hollywood, 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 Hollywood, FL that provide pricing through the Solar-Estimate marketplace

58

 


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.