Solar in Lake Magdalene, FL
With Tampa Electric (TECO)'s electricity at about 17.5¢ per kWh and 1,566 kWh of sun per kW, solar is worth it for a typical Lake Magdalene home today: about a 9.1-year payback.
- Payback, typical home
- 9.1 yrsFlorida: 10.5 yrs
- 25-year net
- $52,584after paying $21,830
- Sun
- 1,566kWh per kW per year
- Electricity
- 17.5¢3% below U.S. average
A typical Lake Magdalene home, by the numbers
| Utility | Tampa Electric (TECO) |
|---|---|
| Electricity use | 1,117 kWh a month |
| Best-value system | 9.4 kW, about 22 panels, 14,723 kWh a year (110% of use) |
| Cost | $21,830 |
| First-year savings | $2,388 |
| Payback | 9.1 years |
| Exported power | Full retail net metering (Tampa Electric (TECO)) |
Cash purchase, no federal credit, 2.8% yearly rate increases. Run it with your own numbers.
Homes in Lake Magdalene
- Owner-occupied homes
- 72%
- Single-family detached
- 60%
- Median home value
- $372k
- Median year built
- 1982
- Population
- 32,083
- Roofs suitable for solar†
- 84%
Census ACS 2020–2024. †Share of 9,025 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Installers working in Lake Magdalene
Public installation records for Florida don't name installers, so we can't rank local companies here. Browse installers in Florida.
Always verify the license and get at least three quotes. Compare quotes side by side.
Questions about solar in Lake Magdalene
Is solar worth it in Lake Magdalene, FL?
For a typical home in Lake Magdalene, solar is worth it at 2026 prices: a 9.4 kW system costs about $21,830 after state incentives, saves about $2,388 in year one and pays back in about 9.1 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Lake Magdalene?
About 1,566 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 1% more than the Florida average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Lake Magdalene?
Most homes in Lake Magdalene are served by Tampa Electric (TECO), at about 17.5¢ per kWh on average.
How much do solar panels cost in Lake Magdalene?
A fair cash price is around $2.45 per watt before incentives, so about $21,830 for a 9.4 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- University CDP (Hillsborough County) 9.2 yrs
- Carrollwood 9.1 yrs
- Northdale 9.2 yrs
- Lutz 8.8 yrs
- Egypt Lake-Leto 9.1 yrs
- Citrus Park 9.1 yrs
- Temple Terrace 9.2 yrs
- Town 'n' Country 9 yrs
- All of Florida
Data: PVWatts (National Laboratory of the Rockies), EIA-861 2025 adjusted to 2026, U.S. Census ACS, LBNL Tracking the Sun, state policy research as of October 2026.