How Much Do Solar Panels Cost in Orlando?
Did you know that Florida's average monthly energy bill is $126.44, which is 13% higher than the national average? Solar products can definitely help you reduce energy expenses!
As of January 2022, the average cost of a solar panel in Orlando is $2.51 per watt. So, if you have a 5 kilowatts (kW) solar system, which is the average installation in Orlando, expect to pay between $10,600 to $14,500. Aside from the 30% Federal Investment Tax Credit (ITC), other incentives can potentially save you thousands of dollars from the installation.
A solar energy system in Orlando has an average payback period of 8.47 years. Although the returns are not as fast as other types of investments, it’s stable, and you could save up to $34,967 within 20 years.
Compared to the rest of Florida and most of the U.S states, the solar energy costs in Orlando are typically lower. According to the data of the Solar Energy Industries Association, solar panel costs in Florida are now 36% cheaper than they were five years ago—which is why you see more installations in your neighborhood today.
It is essential to understand that the total cost of an Orlando solar system depends on various factors. Projects using the same model and capacity can still have different prices due to location, layout, etc.
Don’t worry because Everything Solar gives free estimates to help you make the best decision.