Cost of solar in Palm Bay, FL

Electricity Consumption in Palm Bay

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 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 to find out:

 

Estimate your solar savings

 

Solar power in Florida

The average cost of installing residential solar panels in Palm Bay, 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 Palm Bay, 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 7.05kW solar system in Palm Bay, 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.

$15,693

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

10 Years 4 Months

Average payback time

9,272
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 7.05kW system

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

$31,739

(Prices shown after repayments of capital)

 


 

Solar companies in Palm Bay, 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 $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.