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:
- 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 Melbourne 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 Melbourne, 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 Melbourne, 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 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 calculator to get a result tailored to you.
$25,690
Net cost of system
Cash - after 26% solar tax credit
8 Years 8 Months
Average payback time
18,636
kWh
Annual power production
6¢
/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
$72,296
(Prices shown after repayments of capital)
Solar companies in Melbourne, FL that provide pricing through the Solar-Estimate marketplace
26
Average total cost of solar panel installation in Florida
| System Size | Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,216 | $6,713 |
| 4kw | $8,140 | $8,791 |
| 5kw | $9,990 | $10,789 |
| 6kw | $11,766 | $12,707 |
| 7kw | $13,468 | $14,545 |
| 8kw | $15,096 | $16,304 |
| 9kw | $16,650 | $17,982 |
| 10kw | $18,130 | $19,580 |
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 |
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.