Cost Solar Panels Florida

The average cost for an installed residential solar system in florida is currently 10 718 after claiming the 26 federal solar tax credit.

Cost solar panels florida.

In addition to florida s net metering policy and tax exemptions to encourage solar energy the federal government gives you another huge incentive known as the investment tax credit itc. This is lower than the average price of residential solar power systems across the united states which is currently 2 64 per watt. Florida s average cost of a solar panel installation ranges from 11 262 to 15 238. This is 2 41 per watt.

Jacksonville is a great place to go solar. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in. Installation of panels for the average 5kw system ranges from 11 100 22 400. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt.

However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 64 per watt. This generous rebate effectively knocks off 26 percent of the cost of your new solar energy system right off the bat as a credit on your income tax. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Solar panel cost in florida.

Homes in florida use more electricity than homes in other states which helps make solar a great investment epsecially with net metering. On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. As of september 2020 the average solar panel cost in florida is 2 65 w given a solar panel system size of 5 kilowatts kw an average solar installation in florida ranges in cost from 11 262 to 15 238 with the average gross price for solar in florida coming in at 13 250 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net.

As of sep 2020 the average cost of solar panels in florida is 2 41 per watt making a typical 6000 watt 6 kw solar system 10 718 after claiming the 26 federal solar tax credit now available. Guide to solar power in jacksonville in 2020. National data september 2020. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country.

Average solar panel cost. Solar power systems are very custom based on the home roof type shading and utility. This puts an average 6 kw solar system at 16 200 before claiming any incentives. You re probably using jea as your utility.