How Much Can You Save with Solar Panels in Florida?

Florida—known as the Sunshine State—offers an ideal environment for solar energy. With abundant sunlight year-round and supportive state and federal incentives, installing solar panels can lead to substantial savings for homeowners. But how much can you really save with solar in Florida? Let’s break it down.

1. Monthly Energy Bill Savings

The average monthly electricity bill in Florida is around $130 to $150. With a properly sized solar system, you could offset 75% to 100% of that cost. That’s $1,500–$1,800 per year in savings—just on energy bills.

Over 25 years (the typical lifespan of a solar panel system), that can translate to over $40,000 in savings, depending on usage and rate increases.

2. Federal Tax Incentives

Thanks to the Federal Solar Investment Tax Credit (ITC), homeowners can deduct 30% of the cost of installing solar from their federal taxes. For example, if your system costs $20,000, you could receive a $6,000 credit.

This significantly reduces the upfront cost of going solar and accelerates your break-even point.

3. State and Utility Rebates

While Florida does not offer a statewide rebate, several utility companies and municipalities offer incentives or net metering programs. Net metering allows you to earn credits for excess energy sent back to the grid, reducing future bills even further.

4. Increased Home Value

Installing solar panels may increase your property value by 4-5% on average. That means a $300,000 home could see a value increase of $12,000 to $15,000—on top of utility savings.

Plus, Florida law exempts solar energy systems from property tax assessments, so your tax bill won’t increase due to your upgrade.

5. Protection from Rising Energy Rates

Florida utility rates have steadily risen over the years. A solar system locks in your energy production costs, shielding you from rate hikes for decades.

Final Thoughts

While savings will vary depending on your location, system size, energy usage, and available incentives, most Florida homeowners can expect thousands in savings over the life of a solar panel system.

Ready to start saving in the Sunshine State? Contact Summit Roofing & Solar today for a free, no-pressure solar estimate. We’ll evaluate your roof, energy usage, and eligibility for incentives to create a customized solar savings plan that works for you.