Did you know that sunny Florida ranks 3rd in the United States for solar potential, but only 14th in terms of rooftop solar installed? Don’t let your skin be the only thing soaking up the sun this year! Let the sun pay your bill!
And if the sun just isn’t enough, why should Floridians go solar?
There are a few great solar programs to help Floridians take advantage of all that sun, including:
FL Net Metering is one of the most important things for residential solar owners in Florida (and many other states across the country) because this legally mandated policy allows you to sell any excess solar energy you may have back to the grid. So while you are out and about during the day and not using much electricity at your house, your solar panels can be hard at work saving you money.
Check out the biggest utility net metering programs in Florida:
Property tax exemption
Normally, when you build an addition or otherwise add value to your house, your property tax bills shoot up. Not so with solar. Thanks to Florida’s Property Tax Exclusion for Residential Renewable Energy Property, your solar system will not result in any additional costs on tax day. So if you’re looking for a way to add value to your home without adding to your tax bill, make solar your next home renovation project.
Sales tax exemption
Additionally, you will not have to pay sales tax when you buy your new solar energy system, thanks to the Solar and CHP Sales Tax Exemption! That’s a 6 percent savings on what you would otherwise pay. Florida WANTS you to get solar, so why wait?
The federal solar tax credit
And the incentives don’t stop there! The federal government also wants to reward your choice to go solar! With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or solar loan), and that you must have enough income for the tax credit to be meaningful.