Florida, known for its significant strides in promoting renewable energy, stands as one of the leading states driving the surge in residential solar installations. This upward trajectory is expected to persist well into 2021. The pivotal question that arises is whether investing in solar panels in Florida remains a lucrative endeavor for the average homeowner.
The post will show you if solar panels are worth your time and money. The detailed information that follows will help you to make up your mind about whether or not it is worthwhile installing solar panels for for your home.
As a general rule, solar is worth it in Florida. Generous electricity buy-back rates, the Florida state sales tax exemption, the property tax exemption and the Federal Solar Tax Rebate all combine to give an attractive solar payback period of 11 years on average, making solar well-worth it in Florida.
Are Solar Panels Worth It In Florida?
A 450w solar panel installation represents growing and environmentally friendly way of harnessing the power of nature for your energy needs.
Stop wasting money on expensive electricity, and make a greener planet by reducing pollution with this system. It’s easy to install: it’s almost plug-n-play!
In this post you’ll find everything you will need to know before ‘going for solar’ – we cover all the basics. Is getting solar worth it in the long run?
Note: If you happen to know all about solar panels and how they are installed, just go to the Page Menu below and and explore solar information for Florida.
Which Components Are Required for on Grid PV Installation in Florida?
Most homes have a grid-tie installation, which is when the output is connected to the power grid and may or not have battery storage.
Local permits are needed to install them and connect to the utility grid. The bureaucracy can be a bit of a hassle, but professional contractors include this in the total cost.
* Components of a grid-tie solar power installation in Florida
* Apart from the solar panels, aluminium rails are fitted to mount them on the roof
* An solar installation will need one or more string inverters (transforms DC power to AC)
* AC and DC cables plus junction boxes
* Circuit breakers to isolate the various parts of the circuit
* Net-metering devices measure the power going into and out of the utility grid
* If you opt for home energy storage, then a Powerwall or battery bank will be needed
How Long Do Solar Panels Last In Florida?
Solar panels are typically guaranteed for 25-30 years, but that doesn’t mean they’re done producing electricity after this time is up. Some solar panels can generate power 50 years!
Surprisingly enough, solar panels are worth it because they have a real-life lifespan well beyond the manufacturer’s guarantee, up to 20% longer than promised.
However, the power output does inevitably decrease by 0.8% every year due to solar cell degradation.
Your solar panels come with a warranty that guarantees you will get the most out of your purchase for years to come.
For example, 90% production capacity after 10 years and 80% production capacity after 20-years!
Professional installers also give an equipment warranty, in case any associated solar equipment fails in use due to quality issues.
Inverters don’t last as long as the solar panels and may need replacing after 10 to 15 years. They are normally supplied a 10-15 year guarantee, but reliability is improving all the time.
Microinverters enjoy a longer life of 25 years or so – about the same as solar panels – which seems to make them the natural choice for modern systems.
Micro-inverters produce more power when panels are subject to partial shading, such as passing cloud cover..