Solar Savings Calculator for Miami, FL

Homeowners in Miami pay an average of $180/month for electricity through Florida Power & Light (FPL). With 5.6 peak sun hours per day, solar panels can significantly reduce your energy costs.

$180
Avg Monthly Bill
16¢/kWh
Electricity Rate
5.6h/day
Peak Sun Hours
$62,610
Est. 25-Year Savings

Calculate Your Savings in Miami

Adjust Your Details for Miami, FL

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$18,020
Federal Tax Credit (30%)
-$5,406
Net Cost
$12,614
Annual Savings
$2,160
Payback Period
5.8 years
25-Year Savings
$62,610
Return on Investment
496%

* Estimates based on 5.6 peak sun hours/day in Miami, FL, system cost of $2.65/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Miami

Utility & Permits

Utility Company
Florida Power & Light (FPL)
Permit Cost
$400
Permit Timeline
3-5 weeks
Net Metering
full

System Estimates

Recommended Size
6.8 kW
Panel Count
17 panels
Gross Cost
$18,020
Net Cost (after credits)
$12,614

Available Incentives for Miami, FL

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Florida Solar Property Tax Exemption

Residential solar installations are fully exempt from property tax increases.

100% property tax exemption

Florida Solar Sales Tax Exemption

Solar energy equipment is exempt from Florida's 6% sales tax.

No sales tax on solar equipment

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