What Do Tesla Solar Systems Cost in the Florida Keys? Scroll Down…
What Do Tesla Solar Systems Cost in the Florida Keys?
Solar systems make electricity so you don’t have to buy (as much) from the local utility. Electric rates tend to increase every year including the dramatic increase in the summer of 2022. Historically, the cost of solar tends to reduce annually. These make solar a solid investment. Solar also increases the value of your home dollar for dollar and cannot be taxed. Adding solar to your home is proven to save money. The real question is, how much exactly? Well, that figure is based on a number of factors, such as your exact location, the space on your roof, electric usage and the number of panels installed.
The price of solar panels is now within reach for most and the number of homes with solar installed goes up every year. Market factors also indicate the cost of solar is no longer dropping year to year. Instead installed costs have “leveled out” (since 2021~2022) not counting on inflation and other factors. Inflation remains historically high, cost of capital (interest rates) is up and yet costs in 2023 remain similar to those in 2021. Still the best way to insulate yourself from the cost of electricity (electric rate hikes and inflation) is to consider ordering with your installer sooner than later.
The only incentive available for solar in the state of Florida and the Florida Keys remains the federal investment tax credits (ITC’s). These are now fixed through 2030 at 30% (as of 8/12/2022) for any solar system and required equipment. This includes roofing (new or repaired), updated electrical services and structures too. This is up from 26%. The biggest advantage to solar is it is powered by the sun and sunlight is well, free. Don’t forget solar panels make electricity on cloudy days just like you can get a sunburn on cloudy days. As long as it’s daylight – your solar panels are working for you.
For personal attention and to discuss What Do Tesla Solar Systems Cost in the Florida Keys for your home or business please fill out the form and one of our Solar Specialists will be in touch.
The most common system sizes in the Florida Keys are shown below.
Cost and savings are as follow:
Value Home System – 4~7 kW
Solar Panels Required: 10~20
Number of Tesla Powerwalls: 0~1
Max Space Needed: 400 sqft
Cost Starting at $12,000
Tax Credits (30%): $3,600
Final Cost: $8,400
Approximate monthly savings: $100 – $150
Cost after 1st year of operation: $7,200
*Accounting for inflation and rising electric costs, payback is between 7-12 years.
** Monthly savings vary by location and weather, subject to change.
***Price is assuming cash purchase; no finance charges added.
****Price varies with project difficulty.
Most Popular System – 7~10kW
Solar Panels Required: 20~30
Number of Tesla Powerwalls: 1~2
Space Needed: 600 sqft
Cost Starting at $24,000
Tax Credits (30%): $7,200
Final Cost: $16,800
Approximate monthly savings: $150 – $300
Cost after 1st year savings: $11,600
*Accounting for inflation and rising electric costs, payback is between 7-12 years.
** Monthly savings vary by location and weather, subject to change.
***Price is assuming cash purchase; no finance charges added.
****Price varies with project difficulty.
Large Home System – 10~12+ kW
Solar Panels Required: 30~40+
Tesla Powerwalls: 2 or more
Space Needed: 1,000 sqft
Cost Starting at: $33,500
Tax Credits (30%): $10,000
Net Cost: $23,500
Approximate monthly savings: $300 and up
Cost after 1st year savings: $17,500