How Long Do Solar Panels Take To Pay For Themselves in Florida?
Looking to invest in your home and your energy future? How about return 100% on that investment? Well, by generating your own clean energy, you can reduce your monthly electricity bills and return on your solar investment!
And here's the best part, if you live in Florida, you can take advantage of many Florida solar incentives to reduce or even eliminate any upfront costs.
Enter your zip code to see which Florida solar incentives you qualify for!
Do I Qualify?
Please enter a zip code
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 with solar panels, 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 about 15% 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 which FL Solar Incentives you qualify for!
Do I Qualify?
Please enter a zip code
The payback period for solar panels in Florida typically ranges from 6 to 10 years, depending on factors such as system size, installation costs, energy usage, and available incentives. With the potential for long-term savings on electricity bills and the availability of solar incentives, homeowners can recoup their initial investment relatively quickly and enjoy years of free, clean energy.
Yes. In Florida, you can get paid for the excess solar energy your home produces and you send to the local FL solar grid. Homeowners receive Solar Renewable Energy Credits (SRECs) for the excess energy they produce, which can be used to further reduce any monthly energy costs, or be sold at a profit on the open energy market. Learn more.
Want to see how much you could save with solar in FL?
Use our Free Solar Savings Calculator to see your potential savings by switching to solar.