Cost of solar in Miami, FL

Electricity Consumption in Miami

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 Miami, Florida

Florida Power and Light offer net metering to their customers giving retail value to every kWh exported to the grid. Excess energy after covering for times your solar can't service the loads in your house are carried forward to future months still at retail value. At the end of the yearly billing cycle remaining credit is deposited into your account at the avoided-cost rate.

The federal solar tax credit allows for 30% of the system cost to be claimed as a deduction to income taxes over, this incentive can be spread over several years.

Although not in every city Florida offers a solar PACE program. What makes PACE unique to compared to leases or PPA's is that you pay for your solar system in your property taxes. A lot of people love this program because it means they aren't tied to their solar system. If you move house on a PACE agreement the new owners will keep paying for the system through their property taxes and you're off the hook completely. Although it is actually cheaper overall to pay cash for a solar system however, that isn't always an option for everyone. Even if you're still on the fence about going solar a free estimate by entering your zip code below can be a great way to better work out where you stand in purchasing solar.

 

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 Miami, 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 Miami, 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 6.12kW solar system in Miami, FL

This system would offset 100% of your energy usage if your typical monthly bill is $102, however your situation may vary so try our solar calculator to get a result tailored to you.

$14,051

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

9 Years 5 Months

Average payback time

8,500
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 6.12kW system

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

$34,130

(Prices shown after repayments of capital)

 


 

Solar companies in Miami, 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.