Is It Worth Getting Solar Panels In Fl

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.

Is it worth getting solar panels in fl. Technicians from solar source install solar panels on a house in dunedin florida. However it gets better. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country. Florida is one of five states that specifically prohibit this kind of third party ownership.

However what makes solar panels worth it are the robust federal and state incentives. That s a pretty good deal courtesy of uncle sam. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in. Chris zuppa the penny hoarder.

The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Large unshaded southern facing roofs are the most ideal for solar production. 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. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

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. 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. One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. People with rooftop solar the state s logic goes are providing a utility and all utilities must be.

This puts an average 6 kw solar system at 16 200 before claiming any incentives. 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.