Solar Power System Cost In Florida

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

Solar power system cost in florida.

Florida has low electricity costs compared with other states which makes individual solar investment less attractive. With energy prices on the rise this may be the perfect time. Solar panel cost in florida. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in.

Solar panel cost data 2020 updated. Florida power services the solar power company is delighted to announce that pace financing is now available allowing property owners without big budgets to install solar systems. On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05. 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. This puts an average 6 kw solar system at 16 200 before claiming any incentives. 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. Solar power in florida has been increasing as the cost of solar power systems using photovoltaics pv has decreased in recent years.

Florida ranks ninth nationally in solar resource strength according to the national renewable energy laboratory and tenth in solar generation. The average cost of installed residential solar power systems is currently 2 53 per watt a typical 6kw system costs 11 248 after claiming the 26 solar tax credit.