Is Solar Worth it in West Palm Beach?
While electricity in West Palm Beach is currently affordable, your abundance of sun hours means a solar system produces massive amounts of energy, keeping your long-term costs strictly controlled.
Homeowners in West Palm Beach are currently paying an average of 15.0 cents per kWh. Solar is a solid long-term bond, beating inflation in Florida while immediately increasing your home's resale value.
With the Federal Solar Investment Tax Credit (ITC) currently set at 30%, a typical 6kW to 10kW residential system in the 33401 area can typically pay for itself in just 7.5 to 9 years. After this "break-even" point, your system generates effectively free electricity for the remainder of its 25-year lifespan.
Key West Palm Beach Statistics
- Avg Rate: 15.0¢ / kWh
- Sun Exposure: High (Southern US)
- Est. Payback: 7.5 Years
- Incentive: 30% Federal ITC
State Incentives for FL
Beyond the federal credit, residents of West Palm Beach should check for local net metering policies offered by their specific utility provider. These policies determine how much you get paid for sending excess energy back to the grid.