Skip to main content
Elovane
Home›Solar in Florida
#10 Solar ROI State

Solar Panel ROI in Florida (FL)

Florida averages 1,450 kWh per installed kW per year. At $14.2¢/kWh average utility rates, a 7 kW system produces a 25-year NPV of $10,982.

$12,495
System Cost (After Credits)
$10,982
25-Year NPV
9 years
Payback Period
$0.128/kWh
Solar LCOE

Solar Cost Breakdown in Florida

7 kW system (2.55/W)$17,850
Federal ITC (30%)-$5,355
Net Cost$12,495

Solar Production in Florida

Florida receives an average of 1,450 kWh of solar energy per installed kW per year, based on NREL PVWatts data for a south-facing system at 20° tilt. A 7 kW system produces approximately 10,150 kWh in year one, declining by 0.5% annually due to panel degradation.

At Florida's average residential rate of $14.2¢/kWh with 4% annual escalation, first-year savings are $1,441. The solar LCOE of $0.128/kWh is 10% below the current utility rate and stays fixed while utility rates continue to climb.

Net Metering in Florida

1:1 net metering mandated statewide, solar equipment exempt from property tax

Solar by Utility in Florida

Tampa Electric (TECO)

Avg Rate: $14.8¢/kWh
Structure: FLAT
View analysis ›

Duke Energy Florida

Avg Rate: $14.2¢/kWh
Structure: FLAT
View analysis ›

Florida Power & Light (FPL)

Avg Rate: $13.8¢/kWh
Structure: FLAT
View analysis ›

Solar FAQ for Florida

How much does solar cost in Florida?
A typical 7 kW residential solar system in Florida costs $17,850 before incentives. After the 30% federal ITC, the net cost drops to $12,495.
What is the solar payback period in Florida?
Based on the average FL utility rate of $14.2¢/kWh and local solar irradiance of 1,450 kWh/kW/year, a 7 kW system typically pays for itself in 9 years. The 25-year NPV is $10,982.
Does Florida have net metering?
1:1 net metering mandated statewide, solar equipment exempt from property tax
What is the LCOE of solar in Florida?
The levelized cost of solar energy in Florida is approximately $0.128/kWh, compared to the current average utility rate of $14.2¢/kWh. Solar electricity costs 10% less than grid electricity at today's rates, and the gap widens as utility rates rise.
How much electricity does a solar panel produce in Florida?
Florida receives approximately 1,450 kWh of solar energy per installed kW per year. A 7 kW system produces about 10,150 kWh in its first year, enough to offset 97% of the average U.S. household's electricity consumption.

Compare Options in Florida

Solar vs. Grid in Florida›Solar + Battery in Florida›Heat Pump ROI in Florida›Full Electrification in Florida›

Solar ROI in Similar States

Hawaii

NPV: $68,203 · Payback: 3yr
Rate: $39.8¢/kWh · #2 ranked

New York

NPV: $20,948 · Payback: 6yr
Rate: $22.2¢/kWh · #3 ranked

Massachusetts

NPV: $27,033 · Payback: 6yr
Rate: $28.2¢/kWh · #4 ranked

Arizona

NPV: $14,954 · Payback: 8yr
Rate: $13.2¢/kWh · #5 ranked

Nevada

NPV: $12,806 · Payback: 8yr
Rate: $13.2¢/kWh · #6 ranked

Connecticut

NPV: $24,321 · Payback: 7yr
Rate: $27.2¢/kWh · #7 ranked

Get Your Florida Solar Analysis

These are averages. Your ROI depends on your specific utility, consumption, roof, and system size. Run a personalized 25-year NPV analysis — free.

Calculate My ROI ›