Cost Of Solar Panels In Florida

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.

Cost of solar panels in florida.

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. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country. 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.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar panel cost data florida 2020 updated. This is lower than the average price of residential solar power systems across the united states which is currently 2 64 per watt. National data september 2020.

On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05. Installation of panels for the average 5kw system ranges from 11 100 22 400. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. 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.

While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in. With energy prices on the rise this may be the perfect time. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. 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.

Solar panel cost in florida. 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. This is 2 41 per watt. The average cost for an installed residential solar system in florida is currently 10 718 after claiming the 26 federal solar tax credit.

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. Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.