Cost & Savings Breakdown
Based on $150/month electric bill in Cape Coral
System Size
6.8 kW
Annual Production
11,774 kWh
Gross System Cost
$19,136
Federal Tax Credit (30%)
-$5,741
State Incentive
-$1,000
Net Cost
$12,395
Monthly Savings
$122
CO₂ Offset/yr
10,832 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityFlorida Power & Light
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit115% of annual consumption
Electricity Rate$0.124/kWh
Peak Sun Hours5.9 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Florida State Incentive — Florida exempts solar equipment from sales and property tax.
Common Questions
How much does solar cost in Cape Coral?
Solar in Cape Coral, Florida costs approximately $19,136 for a 6.8 kW system. After the 30% federal tax credit, your net cost is about $12,395.
What is the solar payback period in Cape Coral?
The estimated payback period for solar in Cape Coral is 8.5 years, based on a $150/month electric bill and local sun hours of 5.9 hrs/day.
Does Florida Power & Light offer net metering?
Florida Power & Light offers Full Retail net metering. Full retail rate.