Solar power in Lake Worth, Florida
Florida Power and Light provide a great net metering program for their Lake Worth solar customers. Net Metering records excess solar generation sent to the grid and offsets your bill at a 1kWh for 1kWh basis with the electrical grid. If your solar system exports more power in a given month credit is applied to your bill the following month, at the end of the 12 month billing cycle each kWh is credited into your bank account at the retail generation rate. With plenty of sunshine in Florida net metering can save or even make you a lot of money.
30% of the total system cost may be deducted from your federal taxes under the federal solar tax credit. You may use this incentive over as many years as you want eg. 10% a year across 3 years. 30% of the system cost is always covered regardless of system size. Incentives like these make solar an easy choice and with utilities and legislators trying to end solar there's no good that's gonna come from waiting!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Lake Worth 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 Lake Worth 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 Lake Worth, 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 Lake Worth, 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 13.7kW solar system in Lake Worth, FL
This system would offset 100% of your energy usage if your typical monthly bill is $247, however your situation may vary so try our Lake Worth solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
7 Years 3 Months
Average payback time
Annual power production
levilized cost of solar energy
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 13.7kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Lake Worth, FL that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in Florida
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
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:
|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.