Solar payback in Florida

5.4 peak sun hours/day average. Residential electricity rate: 15.38¢/kWh.

Estimated payback by system size

Installed cost at 2.75$/W, accounting for 20% system-loss derate (inverter, wiring, soiling, temperature).

SystemAnnual kWhAnnual SavingsInstalled CostPayback
4 kW6,312 kWh$970.71$11,00011.3 years
6 kW9,467 kWh$1,456.07$16,50011.3 years
8 kW12,623 kWh$1,941.42$22,00011.3 years

Important notes

No incentives assumed: The federal residential solar investment tax credit ended after 2025. Some states and utilities still offer rebates or performance-based incentives; check with your utility.

Full self-consumption or net metering: Savings assume you use all generation on-site or export at retail rates via net metering. Some utilities buy surplus power at wholesale rates, which would reduce savings.

Your site specifics matter: Roof shade, orientation, system degradation, and your actual utility tariff (demand charges, time-of-use rates, fixed fees) can significantly change payback.

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Electricity rates in Florida