Solar Panel ROI in 33132

Miami, Florida — Is solar worth it here? Here's what the data says.

2.8x ROI Score
9 yrs Payback Period
$1,469/yr Annual Savings
$36,725 25-Year Savings

Your savings estimate

$ /mo bill
Annual savings $1,469
·
Payback 9 yrs
·
25-yr savings $36,725

Solar Calculator for 33132 (Miami)

Adjust values to see your personalized solar ROI estimate for Miami, Florida.

kW
$
$ /kWh
5.99 kWh/m²/day
Based on NREL data for Miami, FL
ROI Score 2.8x
Annual Production 10,494 kWh
Annual Savings $1,469
Payback Period 9 years
25-Year Savings $36,725
After 30% ITC $9,240

Solar Data for 33132 – Miami, FL

Solar Irradiance 5.99 kWh/m²/day +20.8% vs national avg
vs Florida Avg +5.6% State avg: 5.36 kWh/m²/day
Electricity Rate $0.140/kWh Florida average rate
Annual Production 10,494 kWh 6kW system estimate

Miami gets 5.99 kWh/m²/day (20.8% above national avg) and electricity at $0.140/kWh. The 9-year payback represents a solid return — the federal 30% ITC further reduces costs.

Solar Incentives for Miami, Florida

Federal Investment Tax Credit (ITC)

Claim 30% of your system cost as a federal tax credit. On a $13,200 system, that's $3,960 back.

Net Metering

Most Florida utilities offer net metering — sell excess electricity back to the grid at retail rates, accelerating your payback.

Florida State Programs

Check with the Florida energy office for additional rebates, tax exemptions, and low-interest solar financing programs available in Miami.

33132 vs Florida Average

Solar Irradiance
33132: 5.99 FL avg: 5.36
Payback Period
33132: 9 yrs FL avg: 11.2 yrs
Annual Savings
33132: $1,469 FL avg: $1,182
25-Year Savings
33132: $36,725 FL avg: $29,550

See the full Florida solar guide for statewide data and incentives.

Nearby Zip Codes — Solar Comparison

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