Solar Panel Incentives In Florida

In addition to florida s net metering policy and tax exemptions to encourage solar energy the federal government gives you another huge incentive known as the investment tax credit itc.

Solar panel incentives in florida.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. The december 18 bill contained a 5 year solar tax credit extension which makes solar energy more affordable for all americans. The cherry on top. In 2019 the tax credit can reduce the cost of a solar installation by 30 7 including a solar battery purchase.

Florida power and light offers a solar rebate and all of the utilities governed by the state utilities commission offer net metering. 8 that means if you purchase a 6 kilowatt system for 18 300 you ll pay. Several types of incentives can help you go solar. Solar energy system rebates are issued by the commission pursuant to sections 377 801 377 806 florida statutes and chapter 27n 1 florida administrative code contingent upon an annual appropriation by the legislature of the state of florida for the specific purpose of funding solar rebates.

The combination of federal incentives and utility programs alongside florida s property assessed clean energy pace program has made solar more affordable than ever before. The federal solar tax credit. The second state incentive for solar consumers in florida is an exemption from paying use and the sales tax on their solar panel systems. However florida does offer some solar power financial incentives.

This section covers the solar incentives available in the state of florida but you can learn more about the national context of solar incentives on our national solar incentives page. Under the law they must credit customers for net excess generation in a month. The combination of excellent sun exposure the solar tax credit a great net metering policy and some of the strongest financing options in the u s. Allows homeowners to see an excellent return on their investment when they install residential solar panels in florida.

In addition to florida s state solar programs you ll be eligible for the federal solar tax credit if you buy your own home solar system outright. Homeowners solar companies and industry advocates alike were given a big christmas gift in 2015 when congress approved the 2016 federal spending bill and extended the solar panel tax credit. The state s 6 sales tax rate would make a 16 250 solar panel system cost an additional 975 making it cost a total of 17 225. The tax break reduces.

Florida solar power overview.