Cost of solar in Melbourne, FL

Electricity Consumption in Melbourne

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 Melbourne, Florida

Florida Power and Light offer net metering to their solar customers in Melbourne. Under net metering each kWh of unused solar generation is sent to the grid cancelling the cost of another kWh drawn from the grid when the solar system isn't producing enough energy for the home. Often solar systems will export more energy than the home draws, in this instance each surplus kWh is credited at the retail value. Credit can be applied to future bills within the same 12 month billing cycle and if credit still remains at the end of the 12 months the money will be deposited into the customer's account.

30% of the system cost can be claimed as a deduction to federal taxes under the federal solar tax credit. This incentive always covers 30% no matter the size and can be spread over several years. With a solid net metering plan and the federal tax credit solar is a no brainer home investment. FPL is also trying hard to end net metering so no good is 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 Melbourne to find out:

 

Estimate your solar savings

 

Solar power in Florida

The average cost of installing residential solar panels in Melbourne, Florida in 2019 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 Melbourne, FL is $13,250. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 14.17kW solar system in Melbourne, FL

This system would offset 100% of your energy usage if your typical monthly bill is $205, however your situation may vary so try our Melbourne solar calculatorto get a result tailored to you.

$24,301

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

8 Years 4 Months

Average payback time

18,636
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 14.17kW system

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

$74,315

(Prices shown after repayments of capital)

 


 

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

26

 


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 $5,880 $6,350
4kw $7,700 $8,316
5kw $9,450 $10,206
6kw $11,130 $12,020
7kw $12,740 $13,759
8kw $14,280 $15,422
9kw $15,750 $17,010
10kw $17,150 $18,522

 

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
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
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.