Davenport, FL Solar: 2026 Costs, Incentives & Savings

Solar Power in Davenport

With abundant Central Florida sunshine year-round, Davenport, FL is a natural fit for home solar energy. In fact, Florida ranks 2nd in the nation for residential solar installations. It’s easy to see why so many homeowners are switching to clean, renewable power.

As Florida electricity prices have climbed 26% from 2020 to 2024, more Davenport residents are exploring ways to control their energy costs. This guide covers what you need to know about home solar panels and how installation works locally.

FLORIDA by the Numbers

2nd Most residential solar in the United States
251 Households have installed solar panels
5.7 Avg peak sun hours per day
~$86k Davenport average savings over 25 years

How Much Do Solar Panels Cost in Davenport, FL?

Curious what solar costs in Davenport, FL? This calculator uses real installation data from homes across the area, including neighborhoods near Loughman, Champions Gate, Four Corners, and Reunion. Get a clear, local estimate based on actual projects—no guesswork—so you can understand your options with confidence.

Lease Cash Purchase
Small Home Up to 2,000 sq ft
Medium Home 2,000-3,000 sq ft
Large Home Over 3,000 sq ft

This system size is designed to offset approximately 100% of the average electricity usage for a home of this size in Florida.

Recommended System

10.53 kW

Your Monthly Payment

Estimated monthly cost with LightReach
$135/mo
As low as
$135/mo

Why Lease Solar?

Following the 2025 Big Beautiful Bill, the federal 30% solar tax credit is no longer available for cash purchases. With a LightReach lease, Palmetto owns the system and still qualifies for the commercial ITC — passing those savings through to you via lower monthly payments.

Cost Breakdown

Your estimated investment
System Cost
$28,316
Price per Watt
$2.69
Final Cost
$28,316

Savings

Your total financial benefit
Monthly Savings
Average utility bill reduction
$196

Payback Period
Break-even point
10.3 years

25-Year Savings
$85,658
Get Your Personalized Quote

Key Takeaways

Davenport Electricity Prices

Electricity costs are a real concern for Davenport homeowners. Understanding local rates can help you decide if solar installation makes sense for you.

Florida’s average electricity price rose from 11.9 cents per kWh in 2021 to 14.1 cents per kWh in 2024. That’s roughly an 18% increase in just a few years for local households.

Solar panel installation lets Davenport homeowners generate their own power from Central Florida’s abundant sunshine. Producing your own electricity can reduce how much you rely on the grid and its changing rates.

Price of Energy: Florida vs National Average

0¢
10¢
20¢
30¢
13.7¢
11.9¢
15.0¢
13.9¢
16.0¢
15.2¢
16.5¢
14.1¢
2021
2022
2023
2024
US Average
Florida
Source: US Bureau of Labor Statistics, Energy Information Administration, Form 861

Davenport Area Utility Providers

Davenport, FL homeowners are served by several utilities. In 2023 (the latest data available), Duke Energy charged 18.1¢ per kWh and TECO 16.6¢, while Lakeland Electric and Withlacoochee River Electric offered lower rates near 12.3¢.

Compared to the 2023 national average of 16.0¢ and Florida’s 15.20¢, providers like Duke Energy and TECO sit above both. Fuel costs, storm-related grid repairs, and infrastructure investments across Central Florida help explain these higher rates.

Davenport Utilities Electricity Rates

| Utility | Rate (¢/kWh) | Change (%) | | | ------- | -------------- | ---------- | | | Duke Energy | 18.10¢ | +13% | | | OUC | 12.60¢ | -21% | | | TECO | 16.60¢ | +4% | | | Lakeland Electric | 12.30¢ | -23% | | | Withlacoochee River Electric | 12.30¢ | -23% | | | SECO Energy | 13.00¢ | -19% | | | FL Average | 15.20¢ | -5% | | | US Average | 16.0¢ | — | | | Source: US Energy Information Administration, 2023, Form 861, Table 6

Florida Solar Incentives

Several state and local programs can help offset the cost of solar in Davenport, FL. Explore the solar incentives in Florida below.

Florida offers a solar sales tax exemption and a 100% property tax exemption on the added home value. Net metering from utilities like Duke Energy Florida also credits you for excess energy sent to the grid.

Incentive Type Description Source
Florida Solar Sales Tax Exemption Sales Tax Exemption Florida exempts solar energy equipment — including panels, inverters, batteries, racking, and installation — from the state’s 6% sales and use tax. Learn More
Florida Property Tax Exemption for Solar & Battery Storage Property Tax Exemption Florida provides a 100% property tax exemption on the added home value from residential solar panels and battery storage systems, active through December 31, 2037.
Florida Net Metering — Investor-Owned Utilities (FPL, Duke Energy Florida, Tampa Electric, Florida Public Utilities) Net Metering Florida requires its four major investor-owned utilities to credit residential solar customers at the full retail electricity rate for excess energy exported to the grid. Learn More
Solar & Energy Loan Fund (SELF) — Low-Interest Solar Financing Rebate SELF is a Florida nonprofit offering low-interest, no-down-payment loans for solar panel installations to homeowners with credit scores as low as 500, with interest rates between 5% and 9.5%.
Property Assessed Clean Energy (PACE) Financing for Solar Rebate PACE programs available in many Florida jurisdictions allow homeowners to finance solar and battery storage installations through their property tax bill, with repayment terms of 10–20 years.

Davenport Solar Irradiance

Solar panel production varies throughout the year based on daylight hours, weather patterns, and sun intensity. Understanding how seasons affect your solar system helps set realistic expectations for your investment.

Davenport enjoys plenty of Florida sunshine year-round, boosting solar production. Summer brings longer days but also afternoon clouds and rain. Even so, this sunny climate makes Davenport excellent for reliable solar energy.

Solar Production in Davenport by Month

System Size: 5 kW 7 kW 10 kW
Daylight Hours
Energy Production (kWh/day)
Source: National Renewable Energy Laboratory (NREL) PVWatts data; Davenport, FL

What Can Your Solar System Power?

Summer Production (July)

42.7 kWh/day
In July, your 10 kW system could power:

Winter Production (December)

36.1 kWh/day
In December, your 10 kW system could power:

Annual Production

15,768 kWh/year
Over a year, your 10 kW system could:

Solar Panel Systems in Davenport

We’ve mapped solar installations across the country, right down to the neighborhood. Explore this interactive heatmap to see how many homes in Davenport, FL have switched to solar. Click any hexagon to discover how your neighbors and community are embracing cleaner energy.

Leasing Solar Panels

In Davenport, FL, homeowners served by Duke Energy, TECO, OUC, Lakeland Electric, and other local utilities can access solar leasing through Palmetto’s LightReach program. A lease lets you go solar with no upfront cost and a fixed, predictable monthly payment based on your system’s expected production.

Unlike paying cash, leasing means Palmetto owns and maintains the system for you. There’s no large investment to recoup and no maintenance to manage—if something needs attention, we handle it. Your solar savings begin as soon as your panels are switched on.

Frequently Asked Questions

Does Davenport, FL have net metering?
Yes, Davenport, FL homeowners have access to net metering. Most local homes are served by Duke Energy Florida, which offers 1:1 net metering at the full retail rate. Excess credits roll over month to month and are trued-up each December at the avoided cost of power (around 2-3 cents/kWh).

Do solar panels increase your home value in Davenport, FL?
Yes, owned solar panels can increase your home’s value in Davenport, FL. A Zillow study found homes with solar panels sold for about 4.1% more. Florida’s property tax exemption also means this added value won’t raise your tax bill.

How much does it cost to go solar in Davenport, FL?
In Davenport, FL, you can go solar with the LightReach lease for a low fixed monthly payment and no upfront cost. For a medium home, that’s around $135 per month, with maintenance and a production guarantee included.

How does leasing solar work and what’s the approximate cost in Davenport, FL?
With Palmetto’s LightReach lease, you make one simple monthly payment that covers the solar system, installation, monitoring, maintenance, and a comprehensive protection program with a 90% Production Guarantee—all with no upfront cost. For a typical 10.53 kW system in Davenport, FL, the estimated payment is about $135/month.

How much electricity can a solar system produce in Davenport, FL?
A typical 10 kW home solar system in Davenport, FL produces roughly 15,700 kWh per year, thanks to Central Florida’s 5.7 average peak sun hours per day.

Do solar panels work in Davenport, FL’s climate?
Yes. Davenport’s Central Florida climate is well-suited for solar, averaging about 5.7 peak sun hours per day. Panels convert sunlight into electricity year-round, even during cloudy or rainy weather.

Is solar worth it financially?
For many Davenport homeowners, solar can be worth it financially. With Central Florida’s 5.7 peak sun hours and utility rates rising, generating your own power can create more predictable energy costs over time.