Key Takeaways
| Key Point | Details |
|---|---|
| Average Cost Per Watt | $2.60 – $3.30 |
| Total Cost Before Tax Credits (8 – 9 kW System) | $20,800 – $29,700 |
| Total Cost After Tax Credits (8 – 9 kW System) | $14,600 – $18,500 |
Installing solar panels in Florida can significantly reduce your energy costs and increase your property value. Understanding the costs involved and available incentives can help you plan your solar panel installation effectively.
Average Cost of Solar Panels in Florida
The cost of solar panels in Florida varies based on the size of the system. Below is a breakdown of average costs by system size:
| System Size | Average Total Cost | Average Cost (After 30% Tax Credit) |
|---|---|---|
| 3kW | $7,800 – $9,900 | $5,500 – $6,900 |
| 4kW | $10,400 – $13,200 | $7,300 – $9,200 |
| 5kW | $13,000 – $16,500 | $9,100 – $11,600 |
| 6kW | $15,600 – $19,800 | $10,900 – $13,900 |
| 7kW | $18,200 – $23,100 | $12,700 – $16,200 |
| 8kW | $20,800 – $26,400 | $14,600 – $18,500 |
| 9kW | $23,400 – $29,700 | $16,400 – $20,800 |
| 10kW | $26,000 – $33,000 | $18,200 – $23,100 |
Florida Solar Panel Installation Cost Breakdown
Solar System Components
The total cost of a solar panel system includes several components, such as panels, inverters, mounts, and installation labor.
Incentives & Tax Credits
Florida offers several incentives and tax credits to reduce the cost of solar panel installation:
| Incentive Type | Description |
|---|---|
| Residential Clean Energy Credit | A 30% federal tax credit available for homeowners who install solar systems between 2022 and 2032. The credit is scheduled to reduce to 26% in 2033 and then to 22% in 2034. |
| Property Tax Exemption | Florida homeowners receive a 100% property tax exemption for any home value increase related to the solar system installation. Non-residential installations receive an 80% exemption. |
| Solar and CHP Sales Tax Exemption | Florida law exempts all solar energy systems from sales and use tax. The system components must be on Florida’s list of qualifying equipment. |
| Local Government & Utility Company Incentives | Rebates and incentives vary by location. |
| Net Metering / Solar Buyback Programs | Florida customers of privately owned utility companies receive credits for excess energy their solar panels generate and send back to the grid. Rollover credits are available for excess generated each month, with a payout at year-end for any remaining credits. Some publicly owned utilities offer net metering, but the benefits vary. |
| Solar Lease | The solar company owns the equipment and pays for most or all of the installation and ongoing maintenance. The homeowner pays a monthly fee to power their home with the energy generated from the solar panels. |
Solar System Maintenance
Regular maintenance is essential to ensure the efficiency and longevity of your solar panel system. Maintenance typically includes cleaning the panels, inspecting the system for damage, and ensuring that all components are functioning correctly.
FAQs About Solar Panels in Florida
Are Solar Panels Worth It in Florida?
Yes, solar panels are worth it in Florida due to high electricity costs, abundant sunlight, and numerous state and federal incentives.
How Long Do Solar Panels Last in Florida?
Solar panels typically last 25 to 30 years, with minimal degradation in efficiency over time.
Can an HOA Deny Solar Panels in Florida?
No, under Florida’s Solar Rights Act, homeowners associations (HOAs) cannot deny the installation of solar panels.
Can You Get Free Solar Panels in Florida?
Some programs, such as the federal Residential Clean Energy Credit and various state and local incentives, can significantly reduce the cost of solar panels. However, completely free solar panels are not typically available.
Getting Estimates from Solar Contractors in Florida
When seeking estimates for your solar panel installation, consider the following tips:
- Get Multiple Quotes: Compare prices and services from different contractors.
- Check References: Look for reviews and testimonials from previous clients.
- Verify Credentials: Ensure the contractor is licensed, insured, and experienced in solar panel installation.
- Ask About Customization: See if they offer custom solutions to meet your specific needs.
Questions to Ask a Florida-Licensed Solar Installer
- How long have you been in business?
- Can you provide references from similar projects?
- What services are included in your standard package?
- Do you offer any specialized solar designs?
- What are your rates for additional services?
- How do you handle unexpected issues or additional requests?
Cost of Solar Panels in Florida Summary
Installing solar panels in Florida can significantly reduce energy costs and increase property value. By understanding the costs, benefits, and available incentives, you can make an informed decision that meets your needs and budget.
For more information on solar panels and to explore other cost-related guides, visit our detailed articles on solar panel cost and home improvement cost.
