Florida is known as the Sunshine State and has a lot of solar potential. Here are some of the incentives available to Florida home and business owners:
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Federal Solar Investment Tax Credit (ITC):
Homeowners that qualify for the Solar ITC can take advantage of a tax credit for 30% of the cost of installed solar panels. Battery storage can also qualify for the Residential Clean Energy Credit.
Net metering in Florida is a billing arrangement for solar panel owners that credits them for excess electricity they generate. When your solar panels produce more energy than your home consumes, the surplus is fed back into the grid and credited to your account, effectively spinning your meter backward. These credits can then be used to offset future electricity consumption, resulting in lower energy bills. Net metering promotes the efficient use of solar power, reduces reliance on fossil fuels, and supports the transition to clean energy. By participating in net metering, you not only save money but also contribute to a more sustainable energy future while helping maintain grid stability in Florida.
Property Tax Exemptions for Solar:
Florida offers a property tax exemption for renewable energy systems, including solar installations. This exemption means that the added value of your solar panels will not increase your property taxes.
Sales Tax Exemption:
Florida offers a sales tax exemption for solar energy systems. This means that you won’t have to pay sales tax on the purchase of your solar panels.
Local Utility Rebates:
Many local utility companies in Florida offer rebates for solar installations. For example, the City of Tallahassee Utilities offers a rebate of $450 per kW for residential solar installations, up to $4,500.
Further information and programs can be found at the Programs.Dsireusa.org