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Florida, the Sunshine State, is an ideal location for harnessing the power of the sun through solar panels. Not only can solar panels help reduce your energy bills, but they also contribute to a cleaner and more sustainable future. However, as a homeowner, you may wonder about the cost of installing solar panels in Florida. In this guide, we’ll break down the average cost of solar panels in Florida, factors influencing the price, available incentives, and everything you need to know to make an informed decision about going solar. Let’s shed some light on this sunny topic!

Inside this blog:

  • A breakdown of the average cost of solar panels in Florida
  • Key factors that influence the cost of solar panels
  • 4 solar panel incentives that Florida homeowners should know about
  • The 6 steps to successfully going solar with your Florida home

Keep reading to learn more about the average cost of solar panels and how they can benefit your home in the Sunshine State!

The Average Cost of Solar Panels in Florida 🌅

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How much solar panels cost can vary based on several factors, including the size of the system, the type of solar panels, and the installation complexity. However, as of my last knowledge update in January 2022, here’s a general overview of the average cost of solar panels in Florida:

  • Cost per Watt: On average, the cost per watt for solar panels in Florida is between $2.50 and $3.50. This means that a 5-kilowatt (kW) solar system could cost you around $12,500 to $17,500 before incentives.
  • Total System Cost: For a typical 5 kW solar panel system, the total cost could range from $10,000 to $20,000 or more, depending on the aforementioned factors.

Factors Influencing Solar Panel Costs in Florida 🏡

Several factors can impact the cost of installing solar panels in Florida:

  • System Size: The size of your solar panel system is a significant cost determinant. Larger systems generate more electricity but come with higher upfront costs.
  • Type of Solar Panels: There are different types of solar panels, including monocrystalline, polycrystalline, and thin-film. Each type has its own price point and efficiency level.
  • Roof Condition: The condition of your roof can affect installation costs. If your roof needs repairs or modifications to support solar panels, that will add to the total cost.
  • Local Regulations: Local permitting and inspection requirements can impact the cost. Some areas may have more stringent regulations, which can increase expenses.
  • Incentives and Rebates: The availability of federal, state, and local incentives and rebates can significantly reduce your upfront costs. Florida has various incentives in place to encourage solar adoption, which we’ll discuss shortly.

4 Solar Panel Incentives in Florida 🌴

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Going solar in Florida comes with several financial incentives that can help offset the initial investment:

1. Federal Investment Tax Credit (ITC)

The federal government offers a tax credit for solar installations, including residential systems. As of 2022, the ITC covers 26% of your solar panel system’s cost.

2. State-Based Solar Incentives

Florida offers a few state-level incentives, including the Property Tax Exemption for Renewable Energy Property and the Solar Energy System Incentives Program. These incentives can vary, so it’s essential to check the latest updates.

3. Net Metering

Florida utilities are required to offer net metering, which allows you to earn credits for excess electricity your solar panels generate and feed back into the grid. These credits can help reduce your energy bills.

4. Sales Tax Exemption

Solar energy equipment is exempt from state sales tax in Florida, which can result in significant savings on your solar panel system purchase.

Long-Term Savings with Solar Panels 📈

While the upfront cost of solar panels may seem substantial, it’s crucial to consider the long-term savings and benefits that solar installation provides.

  • Reduced Energy Bills: Solar panels generate electricity from the sun, which can significantly reduce your monthly energy bills. Over time, the savings can offset the initial investment.
  • Return on Investment (ROI): Solar panels offer a strong ROI, typically paying for themselves within a few years. After that, you’ll enjoy virtually free electricity for decades.
  • Increased Home Value: Solar panels can increase the resale value of your home. Many homebuyers are willing to pay a premium for homes with solar panels due to the long-term savings they offer.
  • Environmental Impact: By generating clean, renewable energy, you reduce your carbon footprint and contribute to a more sustainable future.

Financing Options for Solar Panels in Florida 🏦

If the upfront cost of solar panels is a concern, there are various financing options available:

  • Solar Loans: Many banks and financial institutions offer solar loans with favorable terms and interest rates, making it easier to finance your solar panel system.
  • Solar Leases: Solar leasing allows you to rent a solar panel system with little to no upfront cost. You pay a monthly lease fee and may still benefit from reduced energy bills.
  • Power Purchase Agreements (PPAs): With a PPA, you agree to purchase the electricity generated by the solar panels at a predetermined rate. This can be an attractive option for those who don’t want to own the solar panels themselves.

6 Steps to Going Solar in Florida 🌞

If you’re interested in harnessing the power of the sun in Florida, here’s a step-by-step guide to get you started:

Step 1: Assess Your Energy Needs

Determine your energy consumption and the size of the solar panel system you’ll need. You can consult with a solar installer for a professional assessment.

Step 2: Find a Qualified Solar Installer

Research and choose a reputable solar installer with experience in Florida. They can help you navigate the permitting and installation process.

Step 3: Obtain Quotes

Get quotes from multiple solar installers to compare costs, financing options, and warranties.

Step 4: Check Incentives

Verify the availability of federal, state, and local incentives, as well as any utility rebates, to maximize your savings.

Step 5: Financing and Installation

Decide on the financing option that suits your needs and schedule the installation with your chosen solar installer.

Step 6: Monitoring and Maintenance

Once your solar panels are installed, regularly monitor their performance and conduct any necessary maintenance to ensure they operate efficiently.

Choose A Bright Home with Solar Panels

The average cost of solar panels in Florida can vary based on numerous factors, but it’s essential to view solar panel installation as a long-term investment in your home and the environment. With available incentives, financing options, and the promise of reduced energy bills, going solar in the Sunshine State can be a smart and sustainable choice for homeowners. It not only saves you money but also contributes to a cleaner, greener future. So, if you’re ready to make the switch to solar, start exploring your options and enjoy the benefits of clean, renewable energy.

Contact our expert team of roofers at Secured Roofing & Solar today. We’ll make sure your home stands strong against the elements with an eye-catching and resilient roof!

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