![]() Monthly electric bills are a product of how much electricity you use per month and your electric rate. ![]() Learn more about how to finance your solar panel system. Over your system’s lifetime you’ll save more by financing your solar system with a cash purchase,īut you won’t start saving in year one. $17,900 over five years, $37,600 over 10 years,Īnd $83,400 over 20 years on electric bills in Miami, FL. You can expect to save $3,400 in your first year, The savings from offsetting 100% of an electric bill with solar can add up fast!Īssuming an 2.0% annual increase in electricity prices and that you install your system with a $0-down loan, ![]() On the EnergySage Marketplace, solar shoppers in Miami, FL pay an average of $38,000 for a 14.9 kW solar panel system prior to The amount that you can save with solar in Miami, FL is based on two factors: how much you spend on electricity now and how much of your electric bill you can offset with solar.īased on the intensity and amount of sunlight hours in Miami, FL, the average electricity customer in Miami, FL will need a 14.9 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 22,428 kWh per year. Solar saves you money by reducing or eliminating your monthly electric bill. ![]() Electric bill savings with solar in Miami, FL ![]()
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