Solar energy systems have been exempt from florida s sales and use tax since july 1 1997.
Solar panel florida cost.
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.
The average cost for an installed residential solar system in florida is currently 10 718 after claiming the 26 federal solar tax credit.
How much does the solar panel system cost.
The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country.
Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.
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 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.
Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays.
Another calculation that potential solar buyers have to consider is the solar payback period.
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.
Florida launches no upfront cost solar program for middle class homeowners florida is one of the best states in the country if you want to go solar but only if you re rich enough.
Solar panel cost in florida.
On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05.
While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in.
This is 2 41 per watt.
The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.
Installation of panels for the average 5kw system ranges from 11 100 22 400.
The term solar energy system means the equipment and requisite hardware that provide and are used for collecting transferring converting storing or using incidental solar energy for water heating space heating and cooling or other applications that would otherwise.
While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment.
