The Truth About Solar in Florida is the price solar companies are charging is over-inflated. It’s very hard to get a deal on solar in Florida because every solar company has to add on an additional $7000 or more to every deal.
That’s $7000 over above the cost of solar panels, equipment, and Installation just for the company to break even. For a breakdown of what the cost totals checkout “Can I Do My Own Solar“.
A Suspect Business Model
The truth about solar in Florida is the solar companies use a business model similar to car dealerships. They use high-pressure sales techniques, they may appear passive but trust me they are using subtle but effective sales methods. The sales staff trains morning night and day specializing in selling solar.
Home solar prices should be less but the customer pays the additional costs which inflate the price. The majority of these extra costs are not paid out by solar companies until they get paid, either in cash or by the finance company.
As a result, all the additional costs are just for them to breakeven on any deal. Now, these companies are adding an additional $5000 to every deal for a profit. That comes to a total of at least $12000 added on to the cost of the panels, equipment, and installation on every deal.
The Cost of Solar Systems Have Been Over-Inflated in Florida
The salespeople are not trained to lie but many of them do to get the sale. The state of Florida lacks any form of advocacy for the buyers of home solar. I would describe it as the wild west of solar, there is no consumer protection to speak of and that’s a crying shame.
Home solar is great and is a good investment so long as your not paying an exorbitant price for it. If you buy solar right it pays for itself in 5 to 9 years with the same money you would have paid in electric bills. After 5 to 9 years your generating free home electricity, the system is designed to last 25 years or more.