Cost of solar in Oviedo, FL
Electricity Consumption in Oviedo
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.
Find local city information
Solar power in Oviedo, Florida
Duke Energy Florida and FPL if you live a little out of the city both offer net metering to their solar customers. Net metering credits each kWh of unused solar generation against another one drawn from the grid at night or on a cloudy day for example. When more energy is exported than drawn each kWh is given retail value as a credit to future bills within the same 12 month billing cycle. If at the end of the 12 months credit remains your utility will deposit the cash into your account at the retail generation rate for each kWh. With all the sunshine in Odievo wiping out your power bill is easy.
30% of your solar system's cost may also be claimed as a deduction to federal taxes. The federal solar tax credit can be spread over many years and always covers 30% no matter the system size. Odievo solar incentives are amazing and make solar one of the best investments one can make but, with utilities trying to kill off net metering no good will 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 Oviedo 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 Oviedo 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 Oviedo, 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 Oviedo, 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 16.39kW solar system in Oviedo, FL
This system would offset 100% of your energy usage if your typical monthly bill is $242, however your situation may vary so try our Oviedo solar calculator to get a result tailored to you.
$29,715
Net cost of system
Cash - after 26% solar tax credit
8 Years 7 Months
Average payback time
22,000
kWh
Annual power production
5¢
/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 16.39kW system
Life-time savings on this system over the next 25 years
$86,236
(Prices shown after repayments of capital)
Solar companies in Oviedo, FL that provide pricing through the Solar-Estimate marketplace
41
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.