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The Cost of Solar Panels in Florida 2024

Updated May 20, 2024

Cost of Solar Panels in Florida (1)

What better place to harness the power of the sun than in The Sunshine State? With more than 300+ sunny days per year and plenty of solar incentives to help you save, solar panels are a wise investment for Florida homeowners.

But how much does it cost to install solar panels in Florida? Read our solar cost breakdown below, or enter you zip code to get free custom solar quote for your home, in minutes!

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How Much Do Solar Panels Cost In Florida?

The average solar panel system in Florida can cost between $10,000 to $15,000, depending on the size of your home and energy needs. Given that the average size home in Florida is around 1,900 sq ft., the average cost for a solar system in Florida is around $12,411 before utilizing Florida's solar incentives.

Here’s a more complete breakdown of the cost of solar panels in Florida, by home size.

Home Size (sq ft)

System Size

Average Costs

1,500 - 1,750 3 kW $9,745
1,750 - 2,000 4 kW $12,411
2,000 - 2,300 5 kW $14,809
2,300 - 2,500 6 kW $17,254
2,500 - 2,800 7 kW $19,619
2,800 - 3,000 8 kW $21,748

 

** It's important to note that these costs DO NOT include the thousands you can save by utilizing your Florida Solar Incentives. See which solar financial incentives you qualify for by entering your zip code below!

Find out if you qualify for Florida savings programs!
Do I Qualify?

Please enter a zip code

Factors That Influence The Costs of Solar in Florida

Going solar in Florida proves to be a worthwhile investment for most home and business owners due to the amount of money you can save on monthly energy bills and the positive environmental impact. The cost to install solar panels in Florida is influenced by several elements. These include your home's energy requirements, the type of solar panels selected, and the addition of optional components like solar batteries.

Though initial costs can vary, Floridians going solar typically experience a 40% - 60% reduction in electricity bills, and the solar panels can often pay for themselves in under a decade, thanks to the state's ample sunshine!

Installation & Labor Costs

In Florida, the journey to solar energy involves more than just purchasing the panels. There are associated costs, such as installation, permit acquisition, and mandatory inspections to ensure the system adheres to safety and quality standards. These additional expenses typically account for 10% - 20% of the total cost, playing a pivotal role in the overall investment required for the shift to solar.

Fortunately, there are several ways to reduce your upfront costs of going solar in Florida. Read our complete guide to getting your solar panels installed for free in The Sunshine State!

Equipment Costs

Delving into the equipment costs, approximately 60% - 70% of your investment will be allocated towards the solar panel system itself. This includes the panels, inverters, and the mounting apparatus. These components synergize to harness and convert the Floridian sunlight into a reliable source of clean energy, illuminating your home or business for years to come.

Taxes on Solar (And Exemptions)

In the Sunshine State, purchasing solar panels implicates considering sales tax at the point of purchase and the potential increase in property taxes due to the enhanced value of your solar-equipped home. However, Florida offers tax exemptions for solar adopters, a financial relief that underscores the state’s commitment to promoting renewable energy.

Discover more about these tax exemptions and additional perks of going solar in Florida – just enter your zip code below!

Find out if you qualify for Florida savings programs!

Do I Qualify?

Please enter a zip code

How to Reduce The Costs of Solar Panels in Florida

Great news for Floridians - The Sunshine State has plenty of financial incentives for homeowners looking to transitioning to solar energy! With an aim to boost the adoption of clean, renewable energy, Florida is rolling out lucrative opportunities to make solar installation more affordable.

Curious about the incentives you’re eligible for? Get a customized solar incentive report from the experts at EcoGen America. They'll help you figure out which solar discounts you are eligible for, how to apply, and how much a custom solar panel system could cost for your home!

Return of Investment (ROI) on Solar Panels

In Florida, solar panels usually pay for themselves in about 7-9 years on average. This means that the money you save from your solar panels will be more than the solar panel costs. This "payoff period" is much quicker in Florida because of the amount sunshine Florida has, all year round. In fact, Florida has over 300+ sunny days per year. That's a whole lot of sun to power homes and businesses.

Read More: The Solar Payback Period in Florida

Solar Financing Options

Worried about the upfront costs of going solar? Don't be! Solar financing options like power agreements (PPAs)and solar financing options are making it easy to go solar without emptying your wallet. With a PPA or solar loan, you can start enjoying the benefits of solar for no money down!

Want to know more about getting solar with no upfront cost? Check out our complete guide on "How to Get Solar Panels Installed for Free in Florida."

Florida Solar Incentives

Florida is renowned for its progressive solar incentives, which has helped boost the state to the #3 place in the US to go solar! FL residents can take advantage of the federal solar tax credit, offering a 30% deduction off installation costs from your federal taxes, and enjoy property and sales tax exemptions for added savings.

See the complete list of Florida solar incentives here!

The pathway to solar in Florida is paved with affordability and accessibility. With an array of incentives and flexible financing options at your disposal, embracing solar and basking in the sustainable, cost-effective energy of the sun has never been more attainable!

How We Gather Our Cost Data

We take a data-driven approach to the collection and analysis of solar costs to provide our readers with the most accurate information. Our methodology incorporates data from a variety of trustworthy sources including:

  • Primary Sources: Every year we survey over 100 Florida homeowners with solar panels to analyze pricing data based on direct consumer experience. 
  • Trusted Resources: We leverage verified datasets and industry reports from authoritative sources including:
    • U.S. Department of Energy (DOE)
    • National Renewable Energy Laboratory (NREL)
    • U.S. Energy Information Administration (EIA)
    • Solar Energy Industries Association (SEIA)
  • Expert Insights: We regularly consult with dozens of experienced solar professionals across the nation who are familiar with the latest trends, equipment and solar energy pricing in local markets.

 

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Author & Solar Energy Expert

James Kahle, a revered voice in the energy domain, enlightens homeowners about the benefits of solar. Catch James soaking up the sun while playing basketball or immersed in the pages of a book.

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