Go Solar Today.
Lower your electric bill, increase your property value, reduce your tax liability, and help the environment.
The Sunshine State has major solar potential. To date, however, Florida has lagged behind many states when it comes to installed solar capacity. But that may be about to change. With the 3rd best physical and geographic conditions for solar panel systems, Florida is poised to make a serious leap on the renewable energy charts. The state’s solar incentives list is growing, and many Florida homeowners are combining these with the federal solar tax credit to install solar panel systems with as little as zero out of pocket upfront cost.
Homeowners who ditch their conventional energy systems for solar are exempt from paying state sales and use tax. This exemption covers all components utilized in your solar panel system, so it’s not just the panels that are exempt.
Florida homeowners who install solar panel systems are eligible to net meter their systems to get credited for generating more power than they use. What does this mean, exactly? Basically, the utilities company has to credit solar customers for the difference, or net, between your consumption and generation. The excess power generated by your solar panel system is then fed back into the grid. For example, in any given month, your solar system may generate more electricity than you use. In a month where this happens, the utility company will credit you for the excess energy generated at retail rates, and the credits are carried forward for 12 months. If you don’t use these credits within the 12 months, the utility company will pay you for the excess at the avoided cost rate, which is less than retail rates.
The ITC, also known as The Federal Investment Tax Credit, is also available to Florida homeowners who purchase their solar panel system outright. This credit amounts to 30% of your solar system’s cost after deducting the value of your state rebates. By the end of 2019, however, ITC credits will drop from 30% to 26%. The following year, after 12/31/2020, the tax credits for installations will drop to 22%. This is one of many reasons why it makes sense to go solar now.
Agreements and loan terms can be customized based on your needs, resulting in complete solar panel system installations with zero out of pocket upfront for the homeowner. Our specialists will work with you hand in hand to ensure you take advantage of all the state and federal incentives, credits, and rebates that are available to the Florida homeowner. We’ll even handle all of the paperwork, streamlining the process for you to get your solar panel system installed hassle free. So just sit back and watch as your energy bill gets crunched in half.
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