Solar power in Palm Bay, Florida
Florida Power and Light offer a net metering program to their solar customers in Palm Bay. Net metering credits each kWh of unused solar generation sent to the grid at the retail power rate. Each kWh sent to the grid cancels out the cost of another drawn at night for example. If in a given month more energy is sent to the grid than received credit is still given at the retail power rate to bills within the same 12 month billing cycle. Any remaining credit at the end of the 12 months is deposited into your account.
30% of the total system cost may also be claimed as a deduction to federal taxes. The federal solar tax credit can be spread in parts over several years or used all in one year. There is no size limit to the federal solar tax credit, 30% is always covered regardless of size. Power production and incentives in Palm Bay make solar the obvious home investment choice. Enter your zip code below to see how many panels you need, your costs, payback time and local incentives!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Palm Bay 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 Palm Bay 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 Palm Bay, 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 Palm Bay, 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 13.41kW solar system in Palm Bay, FL
This system would offset 100% of your energy usage if your typical monthly bill is $194, however your situation may vary so try our Palm Bay solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
8 Years 8 Months
Average payback time
Annual power production
levilized cost of solar energy
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 13.41kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Palm Bay, FL that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in Florida
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
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:
|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.