Average cost of solar panels in florida

How much do solar panels cost in Florida?

As of October 2024, the average solar panel system costs $2.24/W including installation in Florida. For a 5 kW installation, this comes out to about $11,212 before incentives, though prices range from $9,530 to $12,894. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

Do solar panels pay off in Florida?

Based on feedback from hundreds of solar customers in Florida, the general consensus is that solar panel investments pay off over time. On average, Florida homeowners with solar panels avoid $56,077 in total utility costs over 25 years. The average solar panel installation costs $2.27 per watt in Florida.

How much does solar panel installation cost in Tampa?

Solar panel installation in Tampa costs around $23,250, with most people paying $15,500 to $31,000. Costs are lower in Tampa because the cost of living is 5% lower than the national average, which helps to keep the prices of materials and labor down, too. Several factors impact the cost of solar panel installation in Florida.

Are solar panels tax deductible in Florida?

Florida solar panel systems will qualify for this tax exemption until Dec. 31, 2037. Florida homeowners can receive additional savings with the federal solar tax credit, which provides a tax credit equal to 30% of your solar system installation costs. This credit only applies to new systems and can be applied once per household.

How much do solar panels cost?

This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt. The size of a solar panel system also plays a role in how much the installation will cost. Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’.

How much does it cost to install solar panels in Fort Lauderdale?

The average cost to install solar panels in Fort Lauderdale is $33,150, or between $20,500 and $45,800. This is one of the pricier places to live in Florida, with the average cost of living 21% higher than the national average. The cost of living is higher, including gas, transport fees, property costs, base materials, and the price of labor.