Are Solar Panels Worth it in Florida?

Florida, aptly nicknamed the Sunshine State, boasts some of the nation’s highest sunlight hours, making it a prime candidate for solar energy. But is installing solar panels the right choice for your Florida home? Let’s delve into the factors to consider before making the switch to solar in Florida.

Benefits of solar panels in Florida

Solar panels in Florida offer numerous benefits. They harness the abundant Florida sunshine to generate clean electricity, reducing reliance on fossil fuels and lowering electricity bills. Solar power systems are virtually maintenance-free and can increase a home’s value. With government incentives and declining costs, residential solar panels are becoming an increasingly attractive option for homeowners seeking both environmental and financial advantages.

Electricity Bill Savings

Solar panels generate clean electricity for your home, significantly reducing your reliance on traditional utility companies like Duke Energy and Florida Power & Light, and lowering your monthly electricity costs. The amount you can expect to save on your electricity bill with solar panels depends on several factors, making it difficult to estimate exactly how much you’d be saving. Factors such as solar panel system size, energy consumption, sunlight exposure, and Florida electricity rates will all influence how much savings you can expect.

Increased home value

Studies have shown that homes with solar panels can sell for a higher price compared to similar homes without them. For every kilowatt of solar panels installed you can expect around an increase of $5,911 to your home’s resale value. Obviously other factors can change this such as your home’s overall condition and market area. Usually when your home’s value increases you can also expect to pay more in property taxes, the good news is that the value added from solar is 100% tax exempt in Florida, so you won’t see a cent of increased property taxes from getting solar panels installed.

Energy Independence

By harnessing the sun’s energy, homeowners and businesses can reduce their reliance on traditional power grids and Florida utility companies. This not only mitigates the impact of fluctuating energy prices but also insulates consumers from potential supply disruptions. Solar power generation is a localized solution, empowering individuals and communities to generate their own electricity. As technology advances and costs decrease, solar panels are becoming increasingly accessible, making energy independence a viable goal for many considering going solar in Florida.

Energy Security

Solar panels can provide energy security, particularly during power outages caused by tropical storms and hurricanes. With battery backup systems, you can enjoy uninterrupted electricity even when the grid goes down. This is especially valuable in Florida’s climate, where severe weather events can disrupt power supply.

Considerations Before Going Solar

Deciding to install solar panels for your home is a significant financial commitment. The upfront costs associated with purchasing and installing a solar system can be substantial, requiring a considerable investment. However, various solar financing options are available to help manage these initial expenses. Additionally, the suitability of solar panels for a particular home depends on various factors such as roof orientation, shade, and annual energy consumption. These considerations, coupled with the initial expense, make it essential to carefully evaluate whether solar energy aligns with your long-term goals and financial capabilities.

Optimal Solar Panel Placement

For optimal solar panel performance in Florida, a south-facing orientation is generally recommended. This direction maximizes exposure to Florida sunshine throughout the year. As for tilt, the ideal angle is typically between 15 and 20 degrees. This range balances capturing sunlight during both summer and winter months. However, since Florida enjoys abundant sunshine year-round, a slightly lower tilt angle can be beneficial for maximizing summer production.

It goes without saying that shade is not ideal for solar panels. Shade will reduce the amount of sunlight that reaches your solar panels, thus making them less efficient. Solar installers should carefully assess your roof for shade and optimize panel placement. It’s crucial to consider shade when planning your solar system to maximize its efficiency and long-term performance.

Roof Condition

The condition of your roof is a crucial factor in determining the suitability for solar panel installation. A strong and durable roof is essential to support the weight of the solar panels and withstand the elements. Your roof should be free of significant damage, leaks, or structural issues. Any underlying problems can be exacerbated by the weight of the solar panels. If your roof is nearing the end of its lifespan (typically 15-20 years for asphalt shingles), it might be wise to replace it before installing solar panels. This avoids the expense and inconvenience of removing and reinstalling the panels when the roof needs replacement.

Energy Consumption

The more electricity you consume, the more potential you have to offset with solar power. This can lead to greater savings on your energy bills. A higher electricity consumption rate often means a quicker solar ROI for your solar panel system. To fully maximize the benefits of higher usage, you’ll need a solar system that is appropriately sized to meet your energy needs. While higher electrical usage can be advantageous for solar panel owners, it’s essential to balance it with energy efficiency practices for optimal results.

Professional Assessment

It’s essential to consult with a professional Florida solar companies to assess your specific situation and determine the best configuration for your home. They can conduct a detailed analysis of your roof, energy consumption, and local conditions to optimize your solar system’s performance.

How to save money on solar panels

While solar is a costly initial investment, there are Florida solar incentives, exemptions, and credits that can help offset the solar installation costs.

  • Federal Solar Tax Credit

    The Federal Solar Tax Credit, also known as the Florida solar tax credit, is a tax credit that can be applied to your federal taxes. Depending on when your system was installed you can get up to 30% of the total system’s cost as a tax credit.

  • Property Tax Exemption

    In Florida, solar panel systems are tax exempt for your property taxes. This means if you decide to get a solar system installed, you won’t see any increase in your property taxes even though you’re increasing the value of your property.

  • Local Incentives

    Some cities or counties offer additional Florida solar rebates or incentives. Check with your local government to see if they have any solar incentives.

  • Net Metering

    Net metering allows you to sell excess solar energy back to the grid, offsetting your electricity bill. This is a crucial aspect of going solar in Florida, as it can significantly impact your overall savings. Check with your current energy provider to see if they offer a net metering program. Many Florida utility companies, including Duke Energy and Florida Power & Light, have net metering policies in place.

Solar Panel Payback Period

It can take anywhere from 8-14+ years for a solar system to pay for itself. Factors such as the system’s size, electricity rates, electricity usage, solar incentives, and the panel’s efficiency can significantly alter the payback period. It’s important to remember most solar panels last 25-30 years and continue to work at a reduced efficiency. To get a precise estimate for your specific situation, consider consulting with a solar installer. They can assess your energy consumption, roof conditions, and local incentives to provide a tailored payback estimate.

Is solar worth it in Florida?

Florida boasts ample sunlight year-round, making it ideal for solar energy production. Florida often experiences high electricity rates, especially during peak summer months. Solar panels can significantly reduce these costs. With the various tax breaks and incentives to encourage solar adoption there’s never a better time than now to install a solar system.

When considering if solar makes sense for your home, it’s important to weight the pros and cons of solar panels in Florida:

Pros

  • Abundant Florida sunshine for optimal solar production
  • Potential for significant electricty bill savings
  • Increased home value
  • Environmental benefits
  • Energy independence and security

Cons

  • High upfront solar equipment costs
  • Long payback period
  • Potential roof issues

With recent solar technological advancements, solar is more affordable and efficient than ever. However, it’s crucial to be aware of potential solar panel scams and work only with reputable Florida solar companies.

Interested in Solar?

If you're still wondering, "Should I go solar?" or "Does solar make sense for my home?", feel free to call us at (239) 228-3276. We can answer any questions you may have about going solar in Florida. Kelly Roofing has been providing Naples and surrounding areas with high quality roofing and solar services since 1972. Whether you need a replacement, repair, or are even interested in solar, we have you covered. Get Started today with a free estimate!