Florida Solar Panels Rebates

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.

Florida solar panels rebates. Not so with solar. Luckily the dual impact of existing incentives and advancements in manufacturing technology means that the cost of solar power in florida has dramatically decreased for the average homeowner. The tax break reduces the. There are fewer than 60 000 net metered systems in the state.

Florida s primary incentive for installing rooftop solar panels won t be in for major changes for at least a year. The florida public service commission held a workshop thursday to understand. Under the law they must credit customers for net excess generation in a month. The average cost for an installed residential solar system in florida is currently 10 718 after claiming the 26 federal solar tax credit.

Florida power and light offers a solar rebate and all of the utilities governed by the state utilities commission offer net metering. In 2019 the tax credit can reduce the cost of a solar installation by 30 7 including a solar battery purchase. This is 2 41 per watt. The same goes for rebates.

First you earn a 7 484 federal solar tax credit. Florida has room for growth on solar. Over 25 years your florida solar panels will save you an estimated 61 261 on your electric bills. 8 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit.

The total net savings from solar in florida bill savings and incentives minus up front cost is 39 960. If over a 12 month period they generate more power than they use the utility must pay them. Sadly there s no other state tax credit or rebate for solar in florida. 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.

The amount is 4 00 per watt with a cap of 20 000 for residential photovoltaic systems and a 100 000 cap for commercial publicly owned or private not for profit photovoltaic systems. Generate an accurate online solar estimate for your home.