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 for West Palm Beach 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 West Palm Beach 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 West Palm Beach, 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 West Palm Beach, 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 14.67kW solar system in West Palm Beach, FL
This system would offset 100% of your energy usage if your typical monthly bill is $256, however your situation may vary so try our West Palm Beach solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
7 Years 5 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 14.67kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in West Palm Beach, 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.