Cost of solar in Homestead, FL

Electricity Consumption in Homestead

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 Homestead, Florida

The City of Homestead offers a net metering program to their solar customers. Under net metering each unused kWh produced by your solar system is sent to the grid and that offsets the cost of another kWh drawn from the grid such as at night for example. If your solar system exports more energy than what your home pulls from the grid the excess is credited at the retail rate for power and can be used to offset the cost of future bills up to 1 year later. At the end of the 12 month billing cycle excess credit can be deposited into your account. There is also the federal solar tax credit allowing you to deduct 30% of the total system cost from your taxes over however many years. This tax credit also imposes no size restrictions, it'll always cover 30%.

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 Homestead, 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 Homestead, 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 8.22kW solar system in Homestead, FL

This system would offset 100% of your energy usage if your typical monthly bill is $133, however your situation may vary so try our solar calculator to get a result tailored to you.

$17,607

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

9 Years 1 Month

Average payback time

11,083
kWh

Annual power production


/kWh

levilized cost of solar energy

26¢
/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 8.22kW system

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

$45,538

(Prices shown after repayments of capital)

 


 

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

42

 


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.