Is It Worth Getting Solar Panels In Fl

The government is effectively contributing nearly 1 3 of the price of your going solar.

Is it worth getting solar panels in fl.

Florida is one of five states that specifically prohibit this kind of third party ownership. Given a solar panel system size of 5 kilowatts kw an average solar installation in lee county fl ranges in cost from 11 348 to 15 352 with the average gross price for solar in lee county fl coming in at 13 350. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. As of september 2020 the average solar panel cost in pinellas county fl is 2 56 w given a solar panel system size of 5 kilowatts kw an average solar installation in pinellas county fl ranges in cost from 10 880 to 14 720 with the average gross price for solar in pinellas county fl coming in at 12 800 after accounting for the 26 federal investment tax credit itc and other state.

However it gets better. Technicians from solar source install solar panels on a house in dunedin florida. However what makes solar panels worth it are the robust federal and state incentives. Large unshaded southern facing roofs are the most ideal for solar production.

One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. This puts an average 6 kw solar system at 16 200 before claiming any incentives. After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country.

That s a pretty good deal courtesy of uncle sam. Chris zuppa the penny hoarder. Altier told us that floridians who have solar panels on their homes can use energy from the sun during a grid failure if they purchase additional equipment to prevent volts of electricity from. People with rooftop solar the state s logic goes are providing a utility and all utilities must be.

While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in. Solar farms such as this 648 panel one in maryland have been cropping up in other states but until recently florida has been slow to get on the bandwagon despite its state nickname of the.