Residential Solar Panels Florida Cost

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.

Residential solar panels florida cost.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. With energy prices on the rise this may be the perfect time. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. Solar panel cost data florida 2020 updated.

This is lower than the average price of residential solar power systems across the united states which is currently 2 64 per watt. 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. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 64 per watt.

National data september 2020. The average cost for an installed residential solar system in florida is currently 10 718 after claiming the 26 federal solar tax credit. This is 2 41 per watt. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.