Cost of solar in Lake Worth, FL

Electricity Consumption in Lake Worth

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 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 to find out:

 

Estimate your solar savings

 

Solar power in Florida

The average cost of installing residential solar panels in Lake Worth, 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 Lake Worth, 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 5.71kW solar system in Lake Worth, FL

This system would offset 100% of your energy usage if your typical monthly bill is $103, however your situation may vary so try our solar calculator to get a result tailored to you.

$13,270

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

8 Years 11 Months

Average payback time

7,923
kWh

Annual power production


/kWh

levilized cost of solar energy

28¢
/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 5.71kW system

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

$35,800

(Prices shown after repayments of capital)

 


 

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

41

 


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.