Solar power in Saint Cloud, Florida
OUC offers its residential and commercial solar customers an excellent net metering program.
Available also is the federal solar tax credit allowing part of the total cost — 26% in 2020, or 22% in 2021to be claimed as a tax deduction over however many years you please. The federal solar tax credit applies no matter how big the system is.
Net Metering Broken Down
Each kWh of energy not used by the home is exported to the grid offsetting the cost of another kWh such as at night or on a cloudy day.
Usually in sunny Florida more kWh's are exported than drawn, this excess is credited at the retail power rate and can be used to reduce future bills or deposited into your account.
The average cost of installing residential solar panels in Saint Cloud,
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 Saint Cloud, FL
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.What if my tax liability is less than 26% of my systems cost
There is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Florida is only 1081kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Saint Cloud solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Florida solar savings calculator can do this because it contains a database of the electric rates charged by Florida Power & Light (FPL), Duke Energy Florida, Kissimmee Utility Authority, Orlando Utilities Comm, Peace River Electric Coop Inc, Reedy Creek Improvement Dist
How much can solar panels save you in Saint Cloud
Saint Cloud PACE Program
Florida hosts a PACE financing program for its residents in participating localities such as Orlando to take part in.
PACE is essentially a lease or PPA but is paid at a cheaper rate through property taxes.
Since being paid through property taxes it is linked to the home not the person so if you move house the new owner will continue to pay for the system.
PACE allows for people to enjoy solar without the hassles and sense of responsibility!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Saint Cloud 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 Saint Cloud and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Find out what rebates and incentives you can get in Saint Cloud
What does the cost of a real solar system look like?
Facts about installing a 15.99kW solar system in Saint Cloud, FL
This system would offset 100% of your energy usage if your typical monthly bill is $235, however your situation may vary so try our Saint Cloud solar calculator to get a result tailored to you.
Net cost of system
8 Years 7 Months
Average payback time
Annual power production
Levelized cost of solar energy
If you don't get solar
Cash flow graph based on cash purchase of this 15.99kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Saint Cloud, FL that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Saint Cloud
After 26% solar tax credit
After 26% solar tax credit
Find out what system size you need 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:
|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.