Calculate how much it will cost to install solar panels for your home in Port Saint Lucie
Our estimates used by
Solar power in Port Saint Lucie, Florida
Florida Power and light offer net metering to their solar customers in Port Saint Lucie. This is great news, as it means that it's easy to eliminate your electric bills by installing solar panels.
There is also the federal solar tax credit, which in 2020 covers 26% of the system cost in the form of a tax deduction. [This incentive falls to 22% in 2021]. This incentive may be used over several years and always covers any system size.
Furthermore, PACE programs loans are available in Port St. Lucie, which is another great solar incentive.
With options and incentives like these you'd have to be crazy not to go solar!
Net Metering Broken Down
Under net metering each kWh of unused solar generation is sent to the grid and cancels out the cost of another kWh drawn from the grid at a later time. Especially with such sunny weather solar systems usually produce more power than what the home draws and you will receive credit for future bills within the same billing cycle, if excess credit remains at the end of the cycle FPL will deposit the money into your account. Net metering will make you a lot of money!
The average cost of installing residential solar panels in Port Saint Lucie,
Florida in 2024 is
$2.65 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Port Saint Lucie, FL
is $13,250.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Florida is only 1081kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Port Saint Lucie solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Florida solar savings calculator can do this because it contains a database of the electric rates charged by Fort Pierce Utilities Auth
How much can solar panels save you in Port Saint Lucie
Port Saint Lucie PACE Program
PACE is essentially a lease or PPA but paid through property taxes meaning it stays with the home. Even if you only wanna stay in your home for a year you can still wipe out your power bill. It's solar without the feeling of being tied to your investment.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Port Saint Lucie to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Port Saint Lucie and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Find out what rebates and incentives you can get in Port Saint Lucie
What does the cost of a real solar system look like?
Facts about installing a 5.62kW solar system in Port Saint Lucie, FL
This system would offset 100% of your energy usage if your typical monthly bill is $103, however your situation may vary so try our Port Saint Lucie solar calculator to get a result tailored to you.
$10,504
Net cost of system
7 Years 4 Months
Average payback time
7,923 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
28¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 5.62kW system
Life-time savings on this system over the next 25 years
$39,819
(Prices shown after repayments of capital)
23
Solar companies in Port Saint Lucie, FL that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Port Saint Lucie
| System Size |
Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $5,880 | $6,350 |
| 4kw | $7,700 | $8,316 |
| 5kw | $9,450 | $10,206 |
| 6kw | $11,130 | $12,020 |
| 7kw | $12,740 | $13,759 |
| 8kw | $14,280 | $15,422 |
| 9kw | $15,750 | $17,010 |
| 10kw | $17,150 | $18,522 |
Find out what system size you need for your home
Going solar in Florida
Check out all of the ways energy providers of Florida can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Solar and CHP Sales Tax Exemption | State | Sales Tax Incentive |
| Property Tax Abatement for Renewable Energy Property | State | Property Tax Incentive |
| PACE Loans | State | Loan Program |
| SELF Loans | State | Loan Program |
| Net Metering | State | Net Metering |
| Lakeland Electric - Residential Energy Efficiency Loan Program | Utility | Loan Program |
| Florida Keys Electric Cooperative - Solar Loan Program | Utility | Loan Program |
| Orlando Utilities Commission - Residential Energy Efficiency Rebate Program | Utility | Battery Rebate |
| Jacksonville Electric Authority - Solar Battery Incentive Program | Utility | Battery Rebate |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.