Solar power in Tampa, Florida
Tampa Electric Co offers its customers net metering, which makes it easy for homeowners to wipe out their electric bills with solar.
There is also the federal solar tax credit, when you do your taxes part of the system cost is instantly covered — 26% in 2020, or 22% in 2021.
With current incentives solar is a must have home investment and with many of these incentives set to expire or reduce the time to act is now. A free estimate by entering your bill spend and address into our solar calculator can never hurt!
Net Metering Broken Down
Tampa Electric Co pays its customers 1 for 1 with their retail power price for each kWh exported to the grid under net metering.
When more power is sent to the grid in a given month than drawn credit is applied to future bills at the same retail rate.
At the end of the yearly billing cycle remaining credit is deposited into your account at the avoided cost rate.
Great sunshine in Tampa allows for greater net metering returns compared to other states.
The average cost of installing residential solar panels in Tampa,
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 Tampa, 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 Tampa 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 Duke Energy Florida, Peace River Electric Coop Inc, Tampa Electric Co
How much can solar panels save you in Tampa
What does the cost of a real solar system look like?
Facts about installing a 12.27kW solar system in Tampa, FL
This system would offset 100% of your energy usage if your typical monthly bill is $221, however your situation may vary so try our Tampa solar calculator to get a result tailored to you.
$22,245
Net cost of system
7 Years 3 Months
Average payback time
17,000 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 12.27kW system
Life-time savings on this system over the next 25 years
$85,863
(Prices shown after repayments of capital)
48
Solar companies in Tampa, FL that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Tampa
| 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.
