State ID
Florida ranks 4th in the country based on the total amount of solar electric capacity installed and in operation (SEIA 2021). Roughly 62% more residential solar was installed in 2019 versus the previous year. Florida’s solar policies have fallen behind other states, but thanks to utility investments in clean energy and other recent developments, significant growth is not far on the horizon.
Solar Incentives
Florida’s net metering policy gives you credits for the excess electricity your system pushes back into the grid, and allows you to use the credits when you need to pull power from the grid. Also, Florida’s Property Tax Exclusion for Residential Renewable Energy Property means your solar system will not result in any additional costs on tax day. You will not have to pay sales tax when you buy your new solar energy system because of the Solar and CHP Sales Tax Exemption, which is a 6% saving on what you would pay otherwise. Also, Florida’s Property Tax Exclusion for Residential Renewable Energy Property means your solar system will not result in any additional costs on tax day. You will not have to pay sales tax when you buy your new solar energy system because of the Solar and CHP Sales Tax Exemption, which is a 6% saving on what you would pay otherwise. You also qualify for the federal solar tax credit.
Frequently asked questions
FAQ
Growth Projection and Ranking: 9,511 MW over the next 5 years (ranks 3rd)
Total Solar Investment in State: 11.2 billion. As of March 2022, the average solar panel cost in Florida is $2.59/W
Given a solar panel system size of 5 kW, an average solar installation in Florida ranges in cost from $11,008 to $14,892, with the average gross price for solar in Florida coming in at $12,950.
Generally, Homes with solar energy systems sell for more than homes without. In most parts of the country, going solar can increase your property’s value by 4.1 to 9.9%, depending on where you live. Please note: The value of your property will only increase if you own, rather than lease, your solar system. However, a leased solar system may increase your home’s marketability.
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