They don’t call Florida the Sunshine State for nothing. The abundance of sun allows home solar in Florida to produce more energy compared to home solar systems in other states.
Solar panel costs have fallen significantly in recent years, making solar systems more accessible to Florida home and business owners. In fact, the average cost charged by solar energy installation companies in Florida is the lowest in the nation at just $2.80 per Watt for cash-purchased systems and $3.01 per Watt for systems purchased through a solar-specific loan, which is arranged through the installer.
The solar market in Florida is expected to stay strong through 2022, as the federal tax credit and other solar incentives (such as sales tax exemptions) make home solar panel systems a very attractive investment - despite low electricity prices charged by utility companies like Florida Power & Light.