Is It Worth Getting Solar Panels In Fl

The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation.

Is it worth getting solar panels in fl.

However what makes solar panels worth it are the robust federal and state incentives. That s a pretty good deal courtesy of uncle sam. However it gets better. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands.

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. 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. 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. 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.

People with rooftop solar the state s logic goes are providing a utility and all utilities must be. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. When trying to determine if solar panels are worth it for you consider the size direction pitch and the amount of shading your roof has. Florida is one of five states that specifically prohibit this kind of third party ownership.

The government is effectively contributing nearly 1 3 of the price of your going solar. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in. This puts an average 6 kw solar system at 16 200 before claiming any incentives. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system.

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. Technicians from solar source install solar panels on a house in dunedin florida.