If you live in the state of Florida you are aware that energy rates have increased in the last few months. There are households paying an average of $300 per month for this service and it is possible that rates could increase in the coming years.
FPL has succeeded in getting the Florida Public Utilities Commission to approve a plan for a progressive increase in energy and electricity rates in 2021. However, in the face of bad news and problems, there is always a solution. You still have the chance to change this reality and start using solar energy by installing residential solar panels on the roof of your home.
At Joe Does Solar we know that there are many doubts and misinformation about solar energy and its uses. The main uncertainty of people is related to the cost of investment, since you can easily make the mistake of spending a lot of money when it may be little. Stay with us and we will provide you with the required information.
How much does a solar panel cost in Florida?
As of today the cost per watt for solar energy is $2.60 in the state of Florida. If you compare it to the cost of electricity, which is calculated at an average of $11.86. You will notice the difference right off the bat.
So, if you want to install a 5 kilowatt (kW) residential solar panel system, it would cost about $11,000 to $14,000. The price varies around the size of the system and the equipment you want to install on your home or business.
Reduce your investment cost by 26%
One of the many benefits of installing solar energy is the incentive programs for the use of renewable energy. The objective of these measures are simple: reduce the cost of purchasing and installing alternative energy to expand its use and save hundreds of dollars to citizens.
In the case of residential solar panels, they are not exempt from these programs. By taking advantage of Florida’s investment tax credit (ITC) or other solar incentive programs, you can reduce the cost of equipment purchase and installation.
Thus, by switching to a solar energy system you will recoup your money over 10 years (depending on the amount of your investment), but you will be saving $20,000 over 20 years. You can be assured that this will be the case, as the state government expects the use of alternative energy to continue to expand and the various legislations created to encourage its use will continue to be in effect for a long time to come.
One of the biggest mistakes people make when buying and installing solar energy equipment is not getting advice on the subject. Contact the right expert solar contractor and avoid a headache by wasting time and money. You can
If you have questions and want advice on the installation of solar panels in the city of Orlando, contact us through our mail ([email protected]) or by our phone number (321-947-5208), the consultation will be free.