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Originally Posted by gogond
I’m not totally up to date on Florida state laws pertaining to solar but I do know they are anti solar. Gotta protect those fossil fuel companies. To much pay back to politians. One gentleman suggested that you pay $1200 a year in electric bills. I find $100 a month hard to believe. I live in Hawaii. Here the state is very pro solar I guess being we have the highest electric rates in the country. With that being said we put solar on our house. 18 panels cost just about $18,000. The state gave us $5,000 and the federal $7500. So the panels cost us just about $6,000. My electric bills are now $10 a month. And that’s an all electric house.
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My electric bill last month was $78, and about $1100 for the past year. Hawaii may have given you $5000, but I think that was a tax credit. Since Florida doesn't have an income tax, there would be no benefit to a tax credit. The current Federal tax credit is 26 percent, but in 2022, it will be zero. When solar contractors and independent solar panel proponents calculate the payback period for solar panels, they assume that the initial cost to buy the system has no investment value. So, essentially, if you save $20,000 but not installing a solar system, they assume that you will put that money under your mattress for 20 years or so.