Cost & Savings Breakdown
Based on $150/month electric bill in Miami
System Size
7.6 kW
Annual Production
12,807 kWh
Gross System Cost
$21,174
Federal Tax Credit (30%)
-$6,352
State Incentive
-$1,000
Net Cost
$13,822
Monthly Savings
$122
CO₂ Offset/yr
11,782 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$0.114/kWh
Peak Sun Hours5.8 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 Miami?
Solar in Miami, Florida costs approximately $21,174 for a 7.6 kW system. After the 30% federal tax credit, your net cost is about $13,822.
What is the solar payback period in Miami?
The estimated payback period for solar in Miami is 9.5 years, based on a $150/month electric bill and local sun hours of 5.8 hrs/day.
Does Florida Power & Light offer net metering?
Florida Power & Light offers Full Retail net metering. Full retail rate.