Cost of solar in West Palm Beach, FL

Electricity Consumption in West Palm 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 West Palm Beach, Florida

Since Florida Power & Light services West Palm Beach residents and business owners are eligible for 1 for 1 net metering. Net metering allows excess solar generation to be sent to FPL's grid and you receive 1 for 1 value with the retail price. At the end of every 12 month cycle if you export more than you consume FPL will write you a check. With so much sunshine in Florida net metering will save you a lot of money. Net metering also comes hand in hand with the 30% federal solar tax credit covering 30% of the total install cost. Utilities and many legislatures are fighting to kill net metering so it's best to act now before it's too late.

Florida offers an amazing PACE program for homes and businesses in participating cities interested in solar. This program is basically a lease/PPA however, at lower prices and is paid for through property taxes. PACE also gets rid of responsibility for the system since if you sell your property the next owner continues paying for the system. To receive the best deal on solar it is still best to pay cash. If cash isn't an option a HELOC (Home Equity Line of Credit) might be. Secured against your home a HELOC loan has very low interest rates of around 4%. This way you can approach a solar company as a cash buyer and receive a much better price.

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 West Palm Beach, 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 West Palm Beach, 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 5.96kW solar system in West Palm Beach, FL

This system would offset 100% of your energy usage if your typical monthly bill is $104, however your situation may vary so try our solar calculator to get a result tailored to you.

$13,726

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

9 Years 1 Month

Average payback time

8,000
kWh

Annual power production


/kWh

levilized cost of solar energy

28¢
/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 5.96kW system

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

$35,673

(Prices shown after repayments of capital)

 


 

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

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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.