Solar in Panama City, FL
With Florida Power & Light (FPL)'s electricity at about 14.8¢ per kWh and 1,515 kWh of sun per kW, solar is worth it for a typical Panama City home today: about a 11.1-year payback.
- Payback, typical home
- 11.1 yrsFlorida: 10.5 yrs
- 25-year net
- $38,845after paying $22,415
- Sun
- 1,515kWh per kW per year
- Electricity
- 14.8¢18% below U.S. average
A typical Panama City home, by the numbers
| Utility | Florida Power & Light (FPL) |
|---|---|
| Electricity use | 1,111 kWh a month |
| Best-value system | 9.7 kW, about 23 panels, 14,695 kWh a year (110% of use) |
| Cost | $22,415 |
| First-year savings | $2,013 |
| Payback | 11.1 years |
| Exported power | 13¢/kWh (Florida Power & Light (FPL)) |
Cash purchase, no federal credit, 2.8% yearly rate increases. Run it with your own numbers.
Homes in Panama City
- Owner-occupied homes
- 56%
- Single-family detached
- 63%
- Median home value
- $269k
- Median year built
- 1976
- Population
- 34,979
- Roofs suitable for solar†
- 72%
Census ACS 2020–2024. †Share of 10,718 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Installers working in Panama City
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 Panama City
Is solar worth it in Panama City, FL?
For a typical home in Panama City, solar is worth it at 2026 prices: a 9.7 kW system costs about $22,415 after state incentives, saves about $2,013 in year one and pays back in about 11.1 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Panama City?
About 1,515 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 2% less than the Florida average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Panama City?
Most homes in Panama City are served by Florida Power & Light (FPL), at about 14.8¢ per kWh on average. Some areas are served by Gulf Coast Electric Cooperative, Duke Energy Florida, Florida Public Utilities.
How much do solar panels cost in Panama City?
A fair cash price is around $2.45 per watt before incentives, so about $22,415 for a 9.7 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Wright 11.5 yrs
- Crestview 11.2 yrs
- Tallahassee 12.2 yrs
- Navarre 11.2 yrs
- Pensacola 11.1 yrs
- Ferry Pass 11.2 yrs
- Pace 10.1 yrs
- Bellview 11.3 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.