How Long Do Solar Panels Take To Pay For Themselves in Florida?
Did you know that solar panels can actually pay for themselves? That's right, by generating your own clean energy, you can reduce your monthly electricity bills and return on your investment!
And here's the best part, if you live in Florida, you can take advantage ofthe many solar incentives that make going solar even more affordable!
Enter your zip code to see which FL solar incentives you qualify for!
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The Solar Payback Period
The solar payback period is the amount of time it takes for your solar panels to pay for themselves. With the money you save on your monthly energy bills and the money you can make via Net Metering and other FL solar programs, your investment in solar will ultimately pay for itself and become a profitable investment. But how long does that take?
In Florida, the average time it takes for solar panels to pay for themselves is 6-9 years. This is much faster than most states due to the amount of sunlight Florida receives daily and the many Florida solar incentives available to help home & business owners save even more money when going solar in the Sunshine State. Including a few ways to install free solar panels in Florida.
Factors That Effect The Solar Payback Period
Although Florida has a much faster solar ROI than other states, there are still ways to increase that rate of return and save even more with your Florida solar panels. A few key factors are
- The amount of electricity you use
- The size of your solar systems (or how many panels you have)
- The total cost of your Florida solar panels
- The amount of Florida Solar Incentives you qualify for
- Solar Batteries or Net Metering
Some of these factors may seem very obvious. Such as, the amount of electricity you use and the total cost of Florida solar panels. But some of them may not be so obvious, such as the available solar incentives you qualify for and net metering.
Excluding how you use your solar energy, the most important factors that determine how fast your Florida solar panels will pay for themselves are how much you pay for solar panels - how much you save with your solar panels. Both questions can be answered in minutes with a free solar savings quote from the Florida solar experts at EcoGen America. With no obligation, discover your solar options today and see how much you could save!
Get started with your free solar savings quote!
Florida Solar Incentives
Florida solar incentives are available to help reduce or even eliminate the costs of solar panels and solar installations for home & business owners in FL. These solar incentives come in the form of tax credits, tax exemptions, solar rebates, and flexible financing options. Florida is known for having some of the best solar incentives in the US, which is one of the many reasons Florida continues to rank among the top places to go solar in America.
See Also: The Complete Guide to Florida Solar Incentives
Net Energy Metering
Net Energy Metering, or Net Metering for short, is a solar program that allows you to sell your excess solar energy back to the FL solar grid. The more solar energy your system provides, the more Solar Renewable Energy Credits (SRECs) you receive. You can redeem these SRECs monthly to further reduce your energy costs or be paid per watt for your solar energy.
Going Solar in the Sunshine State
As you can see, solar panels can be a great investment for home and business owners, especially in Florida! There are many ways to increase your rate of return on solar and decrease your solar payback period.
For the fastest way to start saving on solar panels in Florida, see which solar incentives you qualify for with a free solar savings quote. Explore all of your solar options and see how much you could save with solar panels in the Sunshine State!
Enter your zip code to see if you qualify for Free Solar Installation!
Do I Qualify?
Please enter a zip code
