Solar power in Saint Augustine, Florida
Florida Power and Light offers net metering to it's customers, which makes it easy to eliminate your electric bills.
Part of your system cost may also be claimed as a deduction to federal taxes — 26% in 2020, or 22% in 2021. The federal solar tax credit may be spread across several years and covers all system sizes.
Incentives in Saint Augustine will never be better than what they are now and with utilities trying to kill net metering don't wait another minute!
Net Metering Broken Down
FPL offer their Saint Augustine solar customers net metering crediting every surplus kWh of solar generation at the same value as one drawn from the grid at night or when it's cloudy for example.
Net metering especially in sunny Florida makes paying off your bill easy. Excess kWh after covering your bill are applied to the next month as a credit. At the end of a 12 month billing cycle any excess credit is placed into your account at the retail generation rate per kWh.
The average cost of installing residential solar panels in Saint Augustine,
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 Saint Augustine, 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 Saint Augustine 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 Jacksonville Beach
How much can solar panels save you in Saint Augustine
What does the cost of a real solar system look like?
Facts about installing a 12.82kW solar system in Saint Augustine, FL
This system would offset 100% of your energy usage if your typical monthly bill is $190, however your situation may vary so try our Saint Augustine solar calculator to get a result tailored to you.
$23,243
Net cost of system
8 Years 6 Months
Average payback time
16,637 kWh
Annual power production
6¢/kWh
Levelized cost of solar energy
24¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 12.82kW system
Life-time savings on this system over the next 25 years
$67,833
(Prices shown after repayments of capital)
28
Solar companies in Saint Augustine, FL that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Saint Augustine
| 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.
