How long does solar take to pay off in Panama, FL?

About 10.5 years for a 6.7 kW system at 14.7 cents/kWh.

Is solar worth it in Panama?

Gulf Coast Electric Coop, Inc averages 14.7¢/kWh. With 5.3 peak sun hours a day, a typical 6.7 kW system makes ~10,331 kWh a year and saves about $1,515 in year one.

10.5years to pay off

Electric rate14.7¢per kWh

Peak sun5.3hrs/day

System6.7 kW≈$18,425

25-yr net$36,825after cost

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