Florida

Florida, also known as the sunshine state, enjoys plenty of sunny days annually. It is ideal to go solar as it offers generous sales and property tax exemptions, property and net metering programs. The users can save hot cash and enjoy a piece of mind with the solar panel system. Collectively all these rebate programs, incentives, and sunny surroundings make Florida ideal for the people, making it the top 5th solar state in the US. Get Free solar system quotation in Florida.

Why go solar in Florida?

Florida is one of the sunniest states in the US. On average, Florida has more than 237 sunny days. The user can harness more energy in Florida than the other states with the same size PV system. Moreover, the cost of solar panels in Florida has decreased by 36% in the past five years. The solar board still requires huge upfront installation costs, but solar panels are accessible for the users in Florida. Going solar in Florida not only allows you to harness and store clean energy but will also minimize fossil fuel dependence. In addition to that, With Duke Energy, Florida Power & Light, Tampa Electric Company (TECO), and other utility companies’ net energy metering (NEM) programs, the user can earn bill credits for the excess electricity harnessed. It gives the user more control over his/her utility bills.

How much do solar panels cost in Florida?

Solar panel installation in Florida on average cost from $11,220 to $15,180. On a cost per watt ($/W) basis, a solar panel installation ranges in price from $2.24 to $3.04. In Florida, the average solar payback period is approximately 10.57 years. Additionally, there are many financial options available to ensure that the users can afford solar panel installations. Cash purchases can yield the long-term value of your money. Alternatively, solar loans [1] and solar lease/ PPAs [2] are also available to facilitate solar energy system financing. Get Free solar system quotation in Florida.

What solar panels should you install in Florida?

For property owners, you can now customize your solar panels, racking systems, batteries, and inverters. Not only that, you can design the general aesthetic of the installation. The solar industry is flooded with closely related and, in many cases, identical products; that is why it is essential to understand its dynamic and fundamentals such as warranties, and premium efficiencies, etc.

How much energy can you get from solar in Florida?

Florida enjoys sun throughout the year. The solar panel system’s potential to generate energy depends on the amount of sunlight hitting the panel. Therefore the solar panel installation in Florida can produce more energy yearly than the same size installation in other states. The energy-producing capacity over time of any PV system also depends on the panel orientation, angle, shading, etc.

What rebates and incentives are there in Florida for solar?

The federal Investment Tax Credit [1] has been one of the most meaningful and reliable solar incentives across the U.S. This solar incentive allows you to deduct 26% of the total system cost from your federal taxes. This good incentive will end in 2022. In 2023 the tax credit amount will decrease to 2023. The federal ITC is eliminated for residential solar installations after 2023, but commercial solar energy system owners can still deduct 10% of a retail solar system cost from their taxes beyond 2023.

Beyond the federal ITC, Florida has additional incentives for going solar dependent on your area and utility company. The Florida net metering programs allow the solar panel users to continue to save their money, even when they are out of the house. What’s more, Florida has established generous property and sales tax exemptions, helping you get the most out of your solar purchase.

The federal Investment Tax Credit has been one of the most meaningful and reliable solar incentives across the U.S. This solar incentive allows you to deduct 26% of the total system cost from your federal taxes. This good incentive will end in 2022. In 2023 the tax credit amount will decrease to 2023. The federal ITC is eliminated for residential solar installations after 2023, but commercial solar energy system owners can still deduct 10% of a retail solar system cost from their taxes beyond 2023.

Florida Solar Incentives, Rebates, & Tax Credits

Federal Solar Investment Tax Credit^** (ITC)	26% federal solar tax credit is available for home solar systems installed by December 31, 2022
Property Tax Exemption	Property tax exemption on the added home value from the home solar power system.
Sales Tax Exemption	6% home solar system state sales tax exemption.

Florida has enormous potential for solar energy. It has bright sun, attractive incentives, rebates, and tax credit provisions. Moreover, you can enjoy the return on investment within several years with net metering. If you want to go solar in Florida, wait no more. We, with our team of skilled experts, can make the process easy and convenient. Wait no more, and lets us serve you with excellence. Get Free solar system quotation in Florida.

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