Hot, humid summers in Coral Terrace mean air conditioning runs nearly nonstop, leading to painfully high electricity bills from FPL. Many homeowners are turning to rooftop solar to take control of their energy costs. A solar installation can reduce your FPL bill by 60-80% and, with a battery, keep your lights on during the next power outage.
Run your scenario: the calculator uses this city’s utility and tariff data.
Open calculatorBenchmark Cost Analysis
2026 Solar Installation Costs in Coral Terrace
The upfront price for solar has become more affordable, especially when factoring in incentives. Here’s a typical cost breakdown for an average-sized system in your area:
- A standard solar-only system runs about $11,500 before incentives. The federal tax credit reduces this to a net cost of just $8,050. This is a great starting point for immediate savings.
- For total energy security, a solar and battery system has a gross cost around $23,500. After the 30% credit, the investment is approximately $16,450. This protects you from outages and maximizes your savings under FPL's current net metering rules.
Incentives & Tax Credits
Tax Credits and Exemptions That Lower Your Cost
Florida offers strong incentives that make going solar much easier on your wallet. Your final price is significantly reduced by:
- The 30% Federal Solar Tax Credit: This is a direct, dollar-for-dollar credit on your federal income taxes. On a $23,500 system, that's a $7,050 credit.
- No Sales Tax: You won't pay Florida's 6% sales tax on your solar equipment, saving you hundreds of dollars.
- No Property Tax Increase: Adding solar increases your property value, but a state exemption ensures you don't pay any extra property taxes on that added value.
Net Metering: Duke Energy Florida
Net Metering (HB 741 Modified 2024)
Optional
Navigating FPL's Net Metering Program
Under rules set by Florida's HB 741, new solar customers in 2026 receive a reduced credit for surplus energy they export to the grid. This means sending power back to FPL is less profitable than it used to be. The best strategy is now 'self-consumption'—using a solar battery to store your excess daytime energy so you can use it yourself at night instead of selling it cheap and buying it back expensive.
Projected Savings
How Much Will You Actually Save?
Based on FPL's current electric rate of about $0.14/kWh, a 4 kW system in Coral Terrace will produce enough electricity to save you roughly $846 per year. Your exact savings depend on your home's energy consumption and the size of your system. With electricity rates historically rising, these savings will become more substantial over the 25+ year lifespan of the panels.