Florida Solar Incentives are Plentiful. Here’s a Breakdown.

Posted on January 20, 2022 in by kcoughlin

Curious about Florida Solar incentives? The good news is that there are many. On the flip side, they won’t last forever. Our industry is ever evolving, as are the credits and incentives you are eligible to receive by adding solar to your home.

What are the current incentives for solar power in Florida?

There are many benefits to adding solar energy to your home. It helps you save money as a homeowner. It also directly benefits the environment by reducing your carbon footprint. Here in the Sunshine State, there are specific Federal solar incentives that make going solar that much more appealing!

Tax Credits

In 2022, you are eligible for a 26% tax credit when you install solar in your home. This means that 26% of the money you spend on your solar system will be returned back to you when you file your taxes. Time is of the essence here, as the tax credit is slated to go down to 22% in 2023, and will be further reduced in the future. So, for the biggest financial gain, the time to go solar is NOW.

Florida Solar Incentives - Bison Roofing and SolarProperty Tax Exemption

Adding solar to your home raises your property value. Thanks to the state’s Property Tax Abatement for Renewable Energy Property incentive, your property taxes will not go up. Thanks to this Florida solar incentive, you won’t get any unwelcome surprises during tax season.

No Sales Tax

When you purchase your solar panels, you will not have to pay sales tax. The sales tax on a large purchase such as solar would be hefty. This saves you money right off the bat.

Surplus Energy

As of right now, there are specific standards for net metering. Any surplus energy you produce will be forwarded as a credit at full retail rate toward your next bill for up to 12 months.

Florida Solar Incentives are Great! And there is so much more to solar!

On top of the many incentives from the state of Florida, there are so many benefits to owning your own solar energy. They include:

  • Major cost savings. You start saving from day one when you switch to solar. It guarantees you a specific monthly rate. This prevents you from having to pay FPL their rising rates. FPL is going to keep raising their rates for years to come, while you will be locked in at a set, lower price.
  • Saving the environment. By going solar you are releasing less CO2 into the atmosphere. Big change for the climate begins with small actions. Doing your part makes the earth that much healthier.
  • Increased home value. As we touched on before, having solar on your home increases your home value. BUT, it does not increase your property taxes. Win – win.

So what are you waiting for? Going solar is the way of the future. The earlier you make the change, the more money you will save. Don’t wait for the Florida solar incentives to decrease, or for the legislature to pass on net metering. Act now.

Contact us to get started today!