Estimated Savings for a Typical Florida Home
Based on a $150/month electric bill
System Size
7.1 kW
Gross Cost
$19,886
Federal Credit
-$5,966
State Incentive
-$1,000
Net Cost
$12,920
Annual Savings
$1,460
Payback Period
8.8 yrs
25-Year Savings
$36,950
CO₂ Offset/yr
10,494 lbs
Florida Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$1,000
Florida State Incentive
Florida exempts solar equipment from sales and property tax.
Net Metering Policy: Full Retail
Top utility in Florida: Florida Power & Light. View full incentives detail →
Solar Costs by City in Florida
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Jacksonville | $1,460 | 7.6 | 949,611 | JEA |
| Miami | $1,460 | 9.5 | 442,241 | Florida Power & Light |
| Tampa | $1,460 | 9.1 | 399,700 | Tampa Electric |
| Orlando | $1,460 | 7.9 | 307,573 | Duke Energy FL |
| St. Petersburg | $1,460 | 9.8 | 258,308 | Duke Energy FL |
| Hialeah | $1,460 | 9.8 | 233,339 | Florida Power & Light |
| Port St. Lucie | $1,460 | 8 | 204,851 | Florida Power & Light |
| Tallahassee | $1,460 | 9.2 | 194,500 | Tallahassee Utilities |
| Cape Coral | $1,460 | 8.5 | 194,016 | Florida Power & Light |
| Fort Lauderdale | $1,460 | 7.4 | 182,437 | Florida Power & Light |
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Quick Facts: Florida
- ⚡ Avg rate: $0.128/kWh
- 🌞 Peak sun: 5.5 hrs/day
- 🏭 Top utility: Florida Power & Light
- 📋 Net metering: Full Retail