Solar Panels Cost 7.6k-15k in Punta Gorda, FL | October, 2024

Solar Panels Cost $7.6k-$15k in Punta Gorda, FL | October, 2024

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How much do solar panels cost in Punta Gorda, FL in 2024?

For solar panels in Punta Gorda, FL, the cost per watt in October, 2024 is , on average, $2.75/W.

You should expect to pay $2,750, on average, for every 1000 watts (or 1 kW) of solar energy your solar panels will need to produce. We can come up with this number by applying this rate price cost per watt. When you consider the 30% federal tax credit, a 5 kW solar panel install in Punta Gorda will cost approximately $9,625. Depending on your electricity consumption habits, you may need a bigger system.

By selecting your county on the left, you can determine the typical roof size and the average maximum capacity for residential solar panel systems in your area. You can also see an analysis of the costs, payback period and 20 year average savings for a 5 kW system installed in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Punta Gorda: $9,625US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Punta Gorda: 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.
Punta Gorda: $25,252US Average: $15,784

Solar Potential in Punta Gorda

Estimated system size and solar electricity production per median viable roof in
Punta Gorda.

Roof size 1,323sq. ft.
Capacity 18.5kW DC
Electricity 26.2kkWh AC per yr.

Electricity Costs in Punta Gorda, FL & What that Means for Your Solar Panel Pricing

For Punta Gorda energy consumers, the average electric bill is $162.51 per month, with a usage of 1,118 kWh. Small apartments are also included in the statistics mentioned in the previous sentence. The lower energy use in these types of dwellings impacts those averages.

The average rate for electricity in Punta Gorda, FL in October, 2024 is 14.54¢ per kWh.

If you’re a typical electricity user in Punta Gorda you has to have an 8 kW or higher sized system to cover your full energy requirements. Upfront, an 8 kW setup is priced at $22,000, but after a 30% tax credit, the total cost is $15,400.

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Average solar panel costs by system size in Punta Gorda

To the left side and below, there is the cost summary for multiple sizes of the solar panel systems installed in Punta Gorda. Of course, with a more extensive solar system, you will have a larger initial investment, but the benefits consist of higher electricity savings and larger income tax credits.

In the solar panel cost calculator situated to the right and below, you can examine a cost and benefit breakdown to match an average $162.51electric bill in Punta Gorda. Adjust the $162.51 to align with your average electricity bill payment for more tailored results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,006 a year
Est. Price
$7,700
Savings from a 4kWthis system
  • Est. yearly production 6,709 kWh
  • Est. monthly savings $84
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.12 tons a year
  • Equivalent to planting 97 trees a year
  • Equivalent to driving 5,247 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,258 a year
Est. Price
$9,625
Savings from a 5kWthis system
  • Est. yearly production 8,386 kWh
  • Est. monthly savings $105
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.65 tons a year
  • Equivalent to planting 122 trees a year
  • Equivalent to driving 6,559 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,510 a year
Est. Price
$11,550
Savings from a 6kWthis system
  • Est. yearly production 10,064 kWh
  • Est. monthly savings $126
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.18 tons a year
  • Equivalent to planting 146 trees a year
  • Equivalent to driving 7,871 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,761 a year
Est. Price
$13,475
Savings from a 7kWthis system
  • Est. yearly production 11,741 kWh
  • Est. monthly savings $147
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.71 tons a year
  • Equivalent to planting 170 trees a year
  • Equivalent to driving 9,183 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $2,013 a year
Est. Price
$15,400
Savings from a 8kWthis system
  • Est. yearly production 13,418 kWh
  • Est. monthly savings $163
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.12 tons a year
  • Equivalent to planting 189 trees a year
  • Equivalent to driving 10,199 mi less a year

Punta Gorda Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. If you believe yourself eligible, we recommend utilizing our REAP Grant eligibility tool to confirm your qualification.

Almost all homeowners can qualify for the 30% federal income tax credit for residential solar, making solar energy a sensible option in most parts of the country. Besides the federal incentives, state and local programs also work to boost solar energy uptake.

Multiple utilities and governmental bodies in Florida offer 19 solar rebate and incentive programs.

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.

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.

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.

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.

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.

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.

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.

Hillsborough County - Solar and Wind Standards

Value:Varies

Hillsborough County has its own "renewable energy codes" which property owners installing a new PV, solar thermal, or small wind system must meet. Below is a sampling of the most important regulations. For on-ground solar energy systems on farms or other lots of at least five acres, new systems may have a maximum height of 15 feet with all wiring located underground. They should be fenced in and "set back" at least 50 feet from all lot lines. For small wind energy systems, height limits of 45 feet in residential areas and 120 feet in other areas apply. The county requires turbine noise to be kept to a minimum and all precautions to be taken to protect birds and other wildlife. Regulations are not limited to the above. Additional information and guidelines are available from the county 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.

Broward County - Rooftop Solar System Permit Standard

Value:Varies

To promote the adoption and installation of solar systems, Broward County has adopted a solar rights ordinance. No association or municipality may enact a complete ban on rooftop solar panels. However, the county has established a set of "solar codes" for new renewable energy installations to follow. For example, solar panels cannot extend five feet higher than a flat roof or above the apex of a slanted roof. Solar permits in the county do not override reasonable regulations which may be set by HOAs or localities. Further, they may not be used by themselves to justify landscaping for solar access (i.e. tree removal or trimming.) Additional information is available from the county 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.

Broward County Online Solar Permitting

Value:Varies

Go SOLAR is the new online portal for solar equipment permits in Broward County. Any residential or small business property may use the system for their regulatory needs when installing a new PV system. Go SOLAR's design has allowed the county to condense solar permit applications to one common form. Applicants are limited to selecting from a finite list of "pre-authorized" designs and plans; while they may submit their own documentation for a custom design, they must do so in person. Additional information is available through the portal itself.

Are solar panels worth it in Florida?

If your intention is to stay in your home beyond the solar payback period, installing solar panels is a wise option in Punta Gorda. In Punta Gorda, FL, the installation of a 5 kW solar system can save you an average of $29,377.4 over 20 years, with an average break even point of 5 years.

The cost of not having solar panels in Punta Gorda, FL

Without solar panels or another energy backup source, you lose out on the savings highlighted earlier and are completely dependent on your electric utility for power. Total dependence on your utility provider is not always ideal, as recent examples in the news have highlighted.

Annually, the average number of outages per customer in Punta Gorda is about 0.55. On average, an outage lasts 48.07 minutes. When major events such as lightning strikes, construction accidents, or equipment failure occur, these durations can increase significantly

A solar panel system could alleviate the burden of future outages, even if it doesn't have a backup battery.

Power Outages

Currently, 0 customers are being tracked in Charlotte County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Punta Gorda, FL?

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is greater. Setting up a solar system that produces sufficient electricity to eliminate their electric bill is advantageous to most individuals, ensuring savings.

Make & Model - Just like many products, solar panels are offered in a wide variety of makes and models. Given the certain brand preferences an installer might have, choosing a highly rated installer is crucial. For buyers seeking a better long-term experience, choosing superior quality models is critical.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even though they are costlier, they provide more energy. The majority of installers work with panels made from this material.

Your Property - Challenges like trees, sloping terrain, or additional obstacles can increase the difficulty of installing solar panels. Nowadays, solar installers frequently leverage satellite images to assess your home and incorporate these elements into the initial cost estimate.

Labor Rates - Differences in employee wages across companies result in expenses that are transferred to the consumers. Reviews for work and customer service are often higher for businesses that pay higher wages.

Permitting & Interconnection - Installation costs will be affected by regularly changing local permitting and utility interconnection fees, depending on the region. Good local installers will integrate these figures into your first estimates to prevent any surprises.

See what solar panels cost in other FL cities

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Who are the best solar installers in Punta Gorda?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Solar Advantage

Odessa CDP, FL(813) 399-1231

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

ESA Solar Energy

Maitland, FL(407) 329-5480

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Plug PV

Albany, NY(518) 948-5316

Services

  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Go Solar Power

Boca Raton, FL(800) 530-9597

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Sun4

Coral Gables, FL(786) 833-7864

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Pure Energy

Gainesville, FL(352) 377-6527

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Solar Energy World

Elkridge CDP, MD(866) 856-4580

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

CES

Middletown, CT(860) 632-1682

Services

  • Consulting on all things solar related.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Entero Energy

Austin, TX(512) 551-0742

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Consulting on all things solar related.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

ConEdison Solutions

Valhalla CDP, NY(914) 286-7000

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Fluent Solar

Lindon, UT(866) 736-1253

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

PE Solar

Tempe, AZ(480) 264-0690

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Advanced Roofing

Fort Lauderdale, FL(800) 638-6869

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Consulting on all things solar related.

LightEdison

Denver, CO(888) 966-6377

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

A1A Solar Contracting

Jacksonville, FL(904) 468-7861

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.

FL Commercial Solar

Parkland, FL(954) 526-5030

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Punta Gorda, FL Solar Panel Cost FAQs

  • In October, 2024, the typical price per watt for solar panels in Punta Gorda, FL is $2.75/W. After federal tax credits, the installation of a 5 kW solar panel system in Punta Gorda, FL is estimated to cost $9,625.

  • There are 19 rebates and incentives available in Florida from a range of utility providers and government organizations. Additionally, almost everyone is entitled to the 30% federal income tax credit.

  • Paying cash offers the most savings, yet there are several financing options available today for solar panels that are also beneficial. Many installers work with financing partners and will provide this information in your initial quotes.

  • Yes, homeowners in Punta Gorda, FL generally see a payback time of 5 years for 5 kW solar panel systems, with electricity savings averaging $29,377.4 over a 20-year period.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01