Cost of solar in Pompano Beach, FL

Electricity Consumption in Pompano Beach

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 Pompano Beach, Florida

Serviced by FPL solar customers here can benefit from 1 for 1 net metering. The total amount of unused power sent to the grid is subtracted by how much power is used from the grid and the customer is billed or credited for the net amount this is called net metering. Considering the excellent solar production numbers in Florida net metering can make a lot of money. There is also the 30% federal solar tax credit so 30% of the system cost can be claimed as a tax deduction (this can be spread over many years).

With politicians and electric utilities trying to kill off solar the time to switch is now!

Florida also offers an excellent PACE program however, do note that not every locality offers it. This PACE program allows those interested in solar to effectively lease their solar system through their property taxes at a cheaper rate to a normal solar lease/PPA. PACE stays with the property so even if someone moves house the next owner will pay for the system through their property taxes. A big reason people don't go solar is that they don't know if they will move house or not, this program removes the feeling of being tied to your home from your solar system.

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Pompano Beach to find out:

 

Estimate your solar savings

 

Solar power in Florida

The average cost of installing residential solar panels in Pompano Beach, Florida in 2019 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 Pompano Beach, FL is $13,250. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 16.42kW solar system in Pompano Beach, 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 Pompano Beach solar calculatorto get a result tailored to you.

$28,160

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

8 Years 2 Months

Average payback time

22,000
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 16.42kW system

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

$88,496

(Prices shown after repayments of capital)

 


 

Solar companies in Pompano Beach, FL that provide pricing through the Solar-Estimate marketplace

58

 


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 $5,880 $6,350
4kw $7,700 $8,316
5kw $9,450 $10,206
6kw $11,130 $12,020
7kw $12,740 $13,759
8kw $14,280 $15,422
9kw $15,750 $17,010
10kw $17,150 $18,522

 

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
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
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.