How much do solar panels cost in Florida?

Average price of a solar installation in Florida is $20,367 after taking into account the solar tax credit. Without claiming the full Federal Solar Investment Tax Credit (ITC), your total effective amount is approximately $29,095.

Price of solar panels always fluctuates between solar projects, as there are a variety of factors that can push their price up or down. However, the average cost per watt in Florida is $2.53. Assuming you have an average energy requirement for the area, you probably need an 11.5 kilowatt (kW) system to meet your full needs ($2.53 x 11,500 W = $29,095).

Following table shows the installation costs for different solar system sizes in Florida as well as the house size for which each of these options is typically suitable.

Floridians can expect to pay about $1,000 less for solar installations than most Americans. The average price of a 9 kW system in Florida is around $ 15,939 after the tax credit, compared to the US average, which is $ 16,758. This means that as a homeowner in Florida, you will get excellent value for money from every dollar you spend on your photovoltaic (PV) equipment.

While solar installations are expensive, costs have been falling nationwide in recent decades, and the trend in Florida is the same. According to the Solar Energy Industries Association (SEIA), the cost of modules in Florida has dropped by an incredible 53% in the last ten years alone.1

As solar technology continues to advance and domestic mass production equipment becomes more and more popular, it is likely that prices will continue to fall. Although there is no way to know for sure, we expect that the cost of solar equipment in Florida will be lower in another five to ten years, but will not continue to decrease at the same pace.

With this in mind, we still believe that it is worth betting on solar now in Florida instead of waiting for lower device prices. Most systems in Florida pay for themselves in only about 10 years. While you might be paying less for a system in a decade, installing a system now would result in significant energy savings.

In addition, news reports indicate that Florida's electricity prices are expected to continue to rise.2 This is due to inflation, the increasing difficulties in obtaining fossil fuels and the growing challenges in electricity transmission.

By investing in solar energy now, you can avoid rising energy prices and get an even higher return by setting a low rate per kilowatt hour (kWh) for the life of your system. Keep reading to see exactly how much you can save by betting on solar today.