Are Solar Panels Worth It in Florida?

Florida Solar FAQs
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Are Solar Panels Worth It in Florida?

Solar panels have been an investment for countless homeowners across the country. From the East Coast to the Mountain West, people have turned to residential solar to save money and make a difference in the environment. But what about Florida? Is it worth it to go solar in the Sunshine State? Let’s take a look.

How Much Do Solar Panels Save in Florida?

The first step towards deciding whether solar panels are worth it in Florida is to determine how much solar panels will save. The first step to figuring out whether solar panels will save you money is finding out how much they cost. 

What Is the Average Price of Solar in Florida?

The cost of your solar installation will vary depending on the size of your roof and your home’s energy usage. Based on this data, the average price of solar in Florida is $12,950. However, a residential solar installation can be as low as $11,000 or as high as $15,000.  

What Impact Do Solar Prices Have on Savings?

Florida solar prices are lower than the country’s average, which clocks in at about $16,000. With solar panels in Florida being $3,000 less than the national average, homeowners in the Sunshine State already have a leg up on the competition. 

What Incentives Are Available to Florida Solar Homeowners?

The next part of the puzzle is determining what incentives are available to homeowners. Solar incentives are a big part of why solar panel prices have declined.

Florida Solar Tax Exemptions Help Save Money

Two main tax exemptions will help Floridians save money on solar. First is the solar property tax, saving homeowners around $200. Second is the solar equipment sales tax, which carries a value of nearly $1,000. When taken together, these incentives can save more than $1,000, depending on the size of your system. 

The Federal Solar Tax Credit Saves Even More

The federal solar tax credit is a credit that applies directly to your income taxes. It’s worth 26 percent of the total cost of your system. This credit can be worth several thousand dollars for most residential solar installations. However, you must owe federal income taxes to qualify for it. If you don’t owe the 26 percent in one year, it will carry over until used.

Is It Worth It To Go Solar in Florida?

Now that we’ve taken a look at the price of solar and the incentives available to homeowners, it’s time to decide whether it is worth it to go solar or not. 

Going Solar in Florida Is Worth It

Going solar in the Sunshine State is a good idea for many reasons. With the below-average price of solar panels and the available solar incentives, combined with net metering, it becomes clear that you can save money by going solar. Take advantage of Florida’s plentiful sunshine and power your home with solar.

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