17 Best Solar Companies in Miami, OK (Mar 2023 Review)

The Cost and Benefits of Solar in Miami

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to install your system. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• How much energy you use: If your home regularly uses a lot of energy, you'll see more savings from going solar.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: Thanks to Miami's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and your current power bills.

Solar Incentives in Miami

To increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. On top of the federal solar investment tax credit, there are also some local benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Miami

One reason so many people are thinking of going solar is to help bring down their environmental impact. Something many might be asking themselves is how much can they really help the environment by switching to solar power anyway? In a city like Miami where energy use is particularly high, switching to solar energy is a good plan for people who are worried about the state of the planet. In Miami, the average person can reduce their carbon footprint by 100 pounds a year after going solar. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.