Solar power in Davenport, Florida
Duke Energy Florida offer their solar customers in Davenport net metering.
If you have a taxable income, a large portion of the system cost can be claimed as a deduction to federal taxes. This incentive has no upper limit, and can be spread over several years.
Incentives make installing solar in Davenport a no brainer and no home or business owner should wait since large IOUs like Duke Energy Florida are trying to stop net metering.
Net Metering Broken Down
Net metering credits each kWh of unused solar generation at same value as another kWh drawn from the grid at a later time.
Net Excess Generation (NEG) - after covering the cost of power drawn from the grid - is still credited at the retail value for power and is applicable to future bills within the same 12 month billing cycle. Remaining kWh at the end of the 12 months are credited at the retail generation rate and cash is deposited into your account.
With so much sunshine in Davenport net metering can save or even make you a lot of money.
The average cost of installing residential solar panels in Davenport,
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 Davenport, 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 Davenport 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 City of Bartow, City of Fort Meade, City of Lakeland, Duke Energy Florida, Peace River Electric Coop Inc, Tampa Electric Co, Withlacoochee River Elec Coop
How much can solar panels save you in Davenport
What does the cost of a real solar system look like?
Facts about installing a 12.51kW solar system in Davenport, FL
This system would offset 100% of your energy usage if your typical monthly bill is $234, however your situation may vary so try our Davenport solar calculator to get a result tailored to you.
$22,681
Net cost of system
7 Years
Average payback time
16,714 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
30¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 12.51kW system
Life-time savings on this system over the next 25 years
$92,180
(Prices shown after repayments of capital)
34
Solar companies in Davenport, FL that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Davenport
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,216 | $6,713 |
| 4kw | $8,140 | $8,791 |
| 5kw | $9,990 | $10,789 |
| 6kw | $11,766 | $12,707 |
| 7kw | $13,468 | $14,545 |
| 8kw | $15,096 | $16,304 |
| 9kw | $16,650 | $17,982 |
| 10kw | $18,130 | $19,580 |
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 Renewable 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 |
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.
