Solar Panels Cost $8.4k-$16k in Bay County, FL | December, 2024
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How much do solar panels cost in Bay County, FL in 2024?
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Going solar in Bay County, FL averages out to $3.03/W in December, 2024.
Using the cost per watt, we can come to the conclusion that for every 1 kW (1000 watts) your solar panel system can produce, you will have to invest $3,030 for installation. A 5 kW solar panel system in Bay County will typically cost you $10,605 after the 30% federal tax credit is applied. Remember, a larger system could be essential to satisfy your energy demands effectively.
To the left,choose your area to access information on the typical roof size and the average maximum capacity of residential solar for homes in your county. You can review the price, payback period, and 20-year average savings for a 5 kW system in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Bay County: $10,605US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Bay County: 5 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Bay County: $24,685US Average: $16,152
Solar Potential in Bay County
Estimated system size and solar electricity production per median viable roof in Bay County.
Roof size 947sq. ft.
Capacity 13.25kW DC
Electricity 17.2kkWh AC per yr.
Electricity Costs in Bay County, FL & What that Means for Your Solar Panel Pricing
On average, Bay County residents pay 165.98 for their electric bill each month and consume 1,070 kWh. Small houses, such as studio apartments or condos, are also encompassed in the numbers mentioned in the previous sentence.
Bay County, FL's electricity rate averages 15.52¢ per kWh in December 2024.
The expense for aan 8 kW solar panel system comes to $24,240 before incentives, but with a 30% tax credit, the final price is reduced to $16,968.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Bay County
To your left, we have provided a detailed cost breakdown for the multiple solar panel system sizes set up in Bay County. Even though a larger solar installation does come with a higher price tag, it also provides increased electricity savings and more substantial income tax credits.
The solar panel cost calculator, situated to the right and below, provides a breakdown of costs and benefits using an average $165.98 electric bill for Bay County. For tailored results, adjust the $165.98 to whichever your typical electricity bill is.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,073 a year
Est. Price
$8,484
Savings from a 4kWthis system
Est. yearly production 6,709 kWh
Est. monthly savings $89
Full payback in 4 years
Environmental Impacts
Reduces CO2 emissions by 1.98 tons a year
Equivalent to planting 91 trees a year
Equivalent to driving 4,890 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,342 a year
Est. Price
$10,605
Savings from a 5kWthis system
Est. yearly production 8,386 kWh
Est. monthly savings $112
Full payback in 5 years
Environmental Impacts
Reduces CO2 emissions by 2.47 tons a year
Equivalent to planting 113 trees a year
Equivalent to driving 6,113 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,610 a year
Est. Price
$12,726
Savings from a 6kWthis system
Est. yearly production 10,064 kWh
Est. monthly savings $134
Full payback in 6 years
Environmental Impacts
Reduces CO2 emissions by 2.96 tons a year
Equivalent to planting 136 trees a year
Equivalent to driving 7,336 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,879 a year
Est. Price
$14,847
Savings from a 7kWthis system
Est. yearly production 11,741 kWh
Est. monthly savings $157
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 3.46 tons a year
Equivalent to planting 159 trees a year
Equivalent to driving 8,558 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $2,147 a year
Est. Price
$16,968
Savings from a 8kWthis system
Est. yearly production 13,418 kWh
Est. monthly savings $166
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 3.67 tons a year
Equivalent to planting 168 trees a year
Equivalent to driving 9,075 mi less a year
Bay County Solar Panel Installation Incentives & Rebates | 2024
The financial burden of installing solar or wind turbines for rural agricultural enterprises and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. Wondering if you fall into this category? Check your eligibility with our REAP Grant eligibility tool.
Homeowners can benefit from a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option throughout much of the country. Moreover, a number of state and local programs are available to promote solar adoption.
Florida provides 28 solar rebates and incentives from various utility companies and government departments.
Solar incentives in FLIncentive Description Value
Beaches Energy Services - Residential Energy Efficiency Rebate Program
Value:Up to $300
Residential Beaches Energy Services customers undertaking energy efficiency improvements may be entitled to rebates. Available incentive programs and eligible projects will vary from time to time. Current programs target insulation/weatherization, windows, and HVAC systems and components with efficiency certifications. Customers may apply online within 60 days of project installation. However, they must submit the rebate paperwork before the project is completed. Once an application is approved, BES will either pay the rebate directly or apply it as a bill credit. Information on current programs is available from the BES website.
Fort Pierce Utilities Authority - Residential Energy Efficiency Rebate Program
Value:Up to $50
Residential Fort Pierce Utilities Authority customers undertaking energy efficiency improvements may be entitled to rebates. Available incentive programs and eligible projects will vary from time to time. Current programs cover insulation/weatherization, local and central HVAC, and new ENERGY STAR certified appliances. The application process for each program involves a simple form with proof of purchase attached. Once approved, FPUA will apply the rebate amount to the customer's monthly bills. Information on current programs is available from the FPUA website.
Clay Electric Cooperative, Inc - Energy Smart Energy Efficiency Rebate Program
Value:Up to $600
Residential Clay Electric Cooperative members undertaking energy efficiency improvements may be entitled to rebates. Available incentive programs and eligible projects will vary from time to time. Current programs include windows/screens, insulation/weatherization up to R-19, heat pumps, and solar water heating. Special financing may be available through CEC for these and other energy efficiency projects. Once an application is approved, CEC will apply the rebate amount as a monthly bill credit. Information on current programs is available from the CEC website.
Orlando Utilities Commission - Solar Programs
Value:Up to $900
Orlando residents may be entitled to a $900 one-time rebate on new solar water heating or HVAC systems (pool heaters are ineligible). Interested homeowners should purchase and install their new system through the same participating contractor, who will apply the rebate as a discount. However, applicants may also elect not to use a preferred contractor and apply to OUC for a direct rebate. Additional information is available from the OUC website.
City of Tallahassee Utilities - Solar Loans
Value:Up to $20,000
Tallahassee residents and commercial property owners may qualify for specialized loans to finance new solar PV, thermal, or HVAC projects. Other energy efficiency improvements may also qualify for special financing. The current APR is 5% on a maximum $20,000 principal. Applicants are required to undergo an energy audit to verify solar access. Once permits are approved and the promissory note is signed, installation can begin. Qualifying systems include those certified by the Florida Solar Energy Center. Solar water heaters may not qualify for financing if they will replace a natural gas system. Additional information is available from the Tallahassee city website.
Florida Keys Electric Cooperative - Residential Rebate Program
Value:Up to $500
Residential customers with the Florida Keys Electric Cooperative may be entitled to rebates on energy-efficient systems and components. Available programs will vary from time to time. Current rebate offers include HVAC, ductwork, insulation/weatherization, windows, roofing, and weather-stripping. Customers must apply for a rebate before purchasing the applicable product(s). The application process involves a property audit with an FKEC professional; only improvements the auditor recommends will be approved for incentives. There is no fee or required purchase commitment to have an audit done. Additional information is available from the FKEC website.
Clay Electric Cooperative, Inc - Solar Thermal Loans
Value:Up to $1,000
Residential and commercial Clay Electric Cooperative members may be eligible for special financing on energy-efficient thermal upgrades, including solar water and pool heating. Interest rates will vary but remain consistently low. Applicants should have been CEC members for more than one year. A $25 administrative processing fee should be attached to the application paperwork. Reviewers will consider credit and CEC bill payment history. Members are also required to undergo an energy audit to verify solar access. Additional information is available from the CEC website.
Clay Electric Cooperative, Inc - Solar Thermal Loans
Value:Up to $7,500
Residential and commercial Clay Electric Cooperative members may be eligible for special financing on energy-efficient thermal upgrades, including solar water and pool heating. Interest rates will vary but remain consistently low. Applicants should have been CEC members for more than one year. A $25 administrative processing fee should be attached to the application paperwork. Reviewers will consider credit and CEC bill payment history. Members are also required to undergo an energy audit to verify solar access. Additional information is available from the CEC website.
City of Tallahassee Utilities - Residential Energy Efficiency Rebate Program
Value:Varies
Tallahassee residents may be entitled to a financial incentive from the city upon making certain energy efficiency improvements. Available offers will vary from time to time; current programs cover HVAC, solar water heating, natural gas, home ENERGY STAR certification, and ENERGY STAR large appliances. Additional information and application forms are available from the Tallahassee website.
Ocala Utility Services - Solar Hot Water Heating Rebate Program
Value:Varies
Residential or commercial Lakeland Electric customers may be eligible for specialized energy efficiency loans to fund improvement projects. Loans are interest-free and may be in any amount from $500 to $5,000. Funding can be used to purchase and install solar panels, wind turbines, heat pumps, solar thermal systems, HVAC systems, windows, or insulation/weatherization. Processing fees apply at the beginning of the loan; they will appear as a charge on customer utility bills. Monthly payments after fees will be collected by LE's banking partners. Additional information is available through the LE website.
Solar Contractor Licensing
Value:Varies
Florida has offered dedicated solar contracting licenses in some form for the past several decades. Current licensing options allow a contractor to conduct a broad variety of solar work, including PV systems, water heating, pool heating, and HVAC on any property type. Despite the scope of Florida licensure, solar contractors may need to yield to roofing contractors for some panel installations. Applicants for licensure should have four years of practical and/or educational experience and at least one year of supervision experience. They must also pass an exam. Additional information is available through the FLASEIA website.
Orlando Utilities Commission - Residential Energy Efficiency Rebate Program
Value:Varies
Residential Orlando Utilities Commission customers undertaking energy efficiency improvements may be eligible for rebates. Available incentive programs and eligible projects will vary from time to time. Current programs cover windows and screens, insulation/weatherization, ductwork, and geothermal pumps. The application process involves a simple form with proof of purchase attached. Once approved, OUC will apply the rebate amount to the customer's bill. Information on current programs is available from the OUC website.
JEA - Clean Power Program
Value:Varies
The Jackson Energy Authority has previously agreed to renewable energy and anti-pollution goals in conjunction with the American Lung Association and Sierra Club. The first of these goals, set in 1999, required the Authority to generate 7.5% of its energy from renewable sources by 2015. Currently, the JEA grid can distribute 95 MW of renewably-sourced energy per year from area solar farms, biomass/biogas plants, and wind turbines.
JEA - Solar Incentive Program
Value:Varies
Residential Jackson Energy Authority customers who purchase and install new solar water heaters may be eligible for a $400 incentive. Eligible projects include both new installation and retrofits. Only water heaters may earn rebates; pool heaters are not applicable. Incentives may be prorated if their total exceeds that of the combined purchase price and installation costs. Additional information is available from the JEA website.
City of Tallahassee Utilities - Solar Water Heating Rebate
Value:Varies
Tallahassee residents, builders, or landlords may be entitled to a $450 rebate on new or replacement solar water heaters (pool heaters are ineligible). During the application process, customers are required to undergo an energy audit with the city to verify solar access. Once permits are obtained, the customer may choose a participating solar contractor/plumber for installation. The rebate will be awarded upon the system passing its final city inspection. Certain technical requirements apply, including mandatory freeze protection. Additional information is available from the Tallahassee city website.
Clay Electric Cooperative, Inc - Energy Conservation Loans
Value:Varies
Residential and commercial Clay Electric Cooperative members may be eligible for special financing on various energy efficiency projects. The maximum available principal is $7,500 with varying interest rates and payment plans. The program is only applicable to residents of fourteen northern peninsular counties, including the cities of Gainesville, Lake City, Keystone Heights, and Salt Springs. Administrative and processing fees are $25. Additional information is available from the CEC website.
Clay Electric Cooperative, Inc - Energy Smart Solar Water Heater Rebate Program
Value:Varies
Residential Clay Electric Cooperative members may be entitled to rebates should they install a new active or passive solar water heater. Rebate amounts vary depending on capacity, but they top out at $600 for a 60,000 BTU system. Qualifying systems should satisfy state standards and be installed by a participating solar contractor. Additional information is available from the CEC website.
Beaches Energy Services - Solar Water Heating Rebate Program
Value:Varies
Residential Beaches Energy Services customers may be entitled to a $500 one-time rebate upon installation of a new solar water heater. A qualifying system must meet FSEC state standards, and its installation should be supervised by a state-licensed solar contractor. Within 60 days of the water heater's installation, customers may download an incentive application form from the BES website. Applications will be reviewed and rebates awarded within four to six weeks.
Florida Keys Electric Cooperative - Solar Loan Program
Value:Varies
Residential or commercial Lakeland Electric customers may be eligible for specialized energy efficiency loans to fund improvement projects. Loans are interest-free and may be in any amount from $500 to $5,000. Funding can be used to purchase and install solar panels, wind turbines, heat pumps, solar thermal systems, HVAC systems, windows, or insulation/weatherization. Processing fees apply at the beginning of the loan; they will appear as a charge on customer utility bills. Monthly payments after fees will be collected by LE's banking partners. Additional information is available through the LE website.
City of Tallahassee Utilities - Efficiency Loans
Value:Varies
Tallahassee residents and businesses making certain energy efficiency improvements or installing a new renewable generation system may be eligible for special financing through one of the city's lending partners. Current rates are 5% APR on a maximum principal of $10,000. If the applicant is installing only efficient roofing or a solar PV system, the maximum principal increases to $20,000. Additional information, financing partners, and application documents are available on the Tallahassee website.
Solar and Energy Loan Fund (SELF)
Value:Varies
Florida has operated the statewide Solar and Energy Loan Fund (SELF) since 2010. SELF operates as a nonprofit agency offering special financing to certain homeowners to make energy efficiency improvements. SELF loans can pay for new HVAC, roofing, insulation, windows/doors, and accessibility products. Loans may also be used to install new solar PV, water heating, or space heating systems. Interest rates may vary, but they will remain consistently low. The maximum principal is currently $50,000. Additional information is available from the SELF website.
Solar Equipment Certification
Value:Varies
The Florida Solar Energy Center, or FSEC, was established by an act of the state legislature in 1976. FSEC is responsible for establishing and updating state certification standards and codes for solar panels and related equipment used in the state. Any manufacturer may apply for FSEC certification. The Center will test product samples under both normal operation and extreme conditions. Periodic re-tests may be conducted to ensure continued compliance with amended standards. Additional information is available from the FSEC website.
Florida PACE programs
Value:Varies
Through the Florida PACE program, both residential and commercial property owners may utilize an "open marketplace" to acquire offers and financing on energy efficiency improvement projects. Effectively, PACE loans come from the state government. Payments are not collected by conventional means; rather, local assessors will service the loan by placing a non-accelerated lien (senior to mortgages) on the property. This means that should the owner sell or transfer their property, payments will become the responsibility of the new owner. PACE markets are only open in certain Florida counties, and each market operates under differing policies. For residential PACE applicants, certain safeguards including loss reserve funds and disclosures are in place per FHFA directives. Both Fannie Mae and Freddie Mac cannot acquire a mortgage with a PACE lien due to its seniority. Additional information is available through the Florida PACE website.
Energy Conservation in Public Buildings
Value:Varies
A 2007 law requires the Floridian government to adopt energy-efficient building and generation standards. Currently, the state must cut its greenhouse gas emissions by 40% by 2025. Any new construction should be designed to achieve an optimum ratio of LEED certification level to project cost. Where it is financially sustainable, new state buildings and public schools should seek to adopt at least a solar thermal system for water and space heating. Compliance is enforced through a group of specialized green building inspectors trained at local community colleges. Occasionally, the state may enter contracts with existing buildings to provide assistance with energy efficiency and other sustainable improvements.
City of Lauderhill - Revolving Loan Program
Value:Varies
Homeowners in Lauderhill who install new ENERGY STAR certified appliances, tankless water heaters, or solar PV/thermal systems may be eligible to finance their investment through a city program. The program offers individual loans ranging from $400 to $2,000 and repayment plans up to two years in length. Loans only cover costs included in a contractor bid; the homeowner is responsible for paying any other costs. For solar-related projects, the city will disburse 90% of the approved loan amount to the contractor prior to installation. The remaining 10% has its hold released upon completion and final inspection by the city. Additional information and application paperwork is available through the City of Lauderhill website.
Ocala Utility Services - Energy Efficiency Rebate Program
Value:Varies
Ocala residents and businesses undertaking energy efficiency improvements may be entitled to rebates from the city. Available incentive programs and eligible projects will vary from time to time. Current programs target insulation/weatherization, lighting, HVAC, home appliances, heat pumps, and solar water heating. Once an application form is approved, the city will apply the rebate amount as a monthly bill credit. Information on current programs is available from the city's Utility Services website.
Lakeland Electric - Residential Energy Efficiency Loan Program
Value:Varies
Residential or commercial Lakeland Electric customers may be eligible for specialized energy efficiency loans to fund improvement projects. Loans are interest-free and may be in any amount from $500 to $5,000. Funding can be used to purchase and install solar panels, wind turbines, heat pumps, solar thermal systems, HVAC systems, windows, or insulation/weatherization. Processing fees apply at the beginning of the loan; they will appear as a charge on customer utility bills. Monthly payments after fees will be collected by LE's banking partners. Additional information is available through the LE website.
Fort Pierce Utilities Authority - Solar Water Heating Rebate
Value:Varies
Residential Fort Pierce Utilities Authority customers who install a new solar water heater may be eligible for a $450 one-time rebate. Eligible projects include both new installations and retrofits; pool heaters do not qualify for incentives. Customers must use a participating contractor for installation work. Additional information is available through the FPUA website.
Are solar panels worth it in Bay County, FL?
If you expect to own your residence longer than the solar system's payback period, solar panels are a wise investment in Bay County. A 5 kW solar system in Bay County, FL could potentially save you $29,230.2 over the course of 20 years, with the break even point usually at 5 years.
The cost of not having solar panels in Bay County, FL
Skipping solar panels or an alternative backup energy source results in you'll miss out on the savings highlighted before and be completely dependent on your electric utility for power. As recent news articles have shown, full dependence on your utility provider is not always ideal.
Generally, customers in Bay County encounter around 1.35 outages. The typical duration of each outage is 179.89 minutes. When significant events such as construction accidents, equipment failure or high winds occur, these time frames can become much longer.
Take a look at the info below to see the number of current electricity customers without power in Bay County.
Whether equipped with a backup battery or not, a solar panel system can reduce the strain of potential future outages.
Power Outages
Currently, 0 customers are being tracked in Bay County.
What impacts the cost of solar panels in Bay County, FL?
Your Energy Needs - The upfront cost for larger solar panel systems is larger, but the cost per watt reduces as the system size expands. Many consumers realize it's a good idea to set up a solar system that can make enough power to offset their electric bill, because it helps them achieve greater savings.
Make & Model - There are a range of makes and models of solar panels and mounting equipment. Since your contractor may prefer particular brands, it's crucial to select a highly rated company. Choosing better quality materials can yield a much better long-term experience for the buyer.
Solar Panel Type - For several valid reasons, monocrystalline panels are now the industry standard. They come with a higher price, but they provide more energy. Most solar panel installers opt for this type of material.
Your Property - Each home and property is unique in its own way. Uneven land, trees, or additional considerations may complicate the installation. Today, the majority of solar installers can assess your home with satellite images and factor in these considerations in the preliminary cost estimate.
Labor Rates - Companies provide varying pay rates to their employees, which are then shown in the prices consumers pay. Businesses tend to receive higher reviews for their services and customer service when they pay better wages.
Permitting & Interconnection - Local permitting and utility interconnection fees, which vary by area, will influence your installation cost. That said, reputable local installers will be able to incorporate these numbers into your first quotes so there are no surprises.
See what solar panels cost in other Bay County cities
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Bay County, FL Solar Panel Cost FAQs
The typical cost per watt for solar panels in Bay County, FL as of December, 2024 is $3.03/W. The cost of installing a 5 kW solar panel system in Bay County, FL is about $10,605post federal tax credit.
Currently, Florida residents can benefit from 28 rebates and incentives available through various utilities and government bodies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Paying cash offers the most savings, but there are now numerous financing options for solar panels that are also advantageous. Initial quotes from installers will frequently include information about available financing options.
Yes, homeowners in Bay County, FL can expect 5 kW solar panels to pay off in 5 years, with an estimated $29,230.2 in electricity savings during a 20-year span.