Tax credits and incentives available for solar installation in Florida
1
Federal Investment Tax Credit (ITC)
30% of the cost of installing solar panels
Available for both residential and commercial solar systems
2
Property Tax Exemption for Solar Energy Systems
Florida offers a property tax exemption for the added value of solar energy systems. This means that the increase in your property value due to the installation of solar panels will not be subject to additional property taxes.
3
Sales Tax Exemption
Florida provides a sales tax exemption for the purchase and installation of solar energy systems. This means you won't have to pay sales tax on the equipment and installation services for solar panels.
4
EV TAX Credit
The Florida Electric Vehicle (EV) Tax Credit provides financial incentives for residents and businesses to purchase electric vehicles. eligible buyers can receive a tax credit of up to $7,500 for new EVs, depending on the vehicle's battery capacity and other specifications. Additionally, there are incentives for EV charging infrastructure installation, further encouraging the adoption of electric vehicles across Florida.
For the most current and detailed information, including any new incentives or changes to existing programs please contact us.
"Saving through solar energy feels like harnessing the sun’s power to not only brighten your home but also your future. It’s the satisfaction of knowing you’re making a smart, sustainable choice that lowers your bills and reduces your carbon footprint, all while investing in a cleaner, greener world."
— Carina Dawson, Co-Founder and Solar Energy user
FAQs
What are the benefits of investing in solar energy?
Cost Savings: Solar panels can significantly reduce your electricity bills. Over time, the savings on energy costs can offset the initial investment.
Environmental Impact: Solar energy is a clean, renewable resource that helps reduce greenhouse gas emissions and reliance on fossil fuels.
Increased Property Value: Homes with solar installations often have higher property values and are more attractive to buyers.
Energy Independence: Solar power allows you to generate your own electricity, reducing dependence on utility providers and insulating you from energy price fluctuations.
How much does it cost to install solar panels?
The cost of installing solar panels varies based on factors such as system size, panel quality, installation complexity. Federal and state tax credits, rebates, and financing options can help lower these costs.
How long does it take to see a return on my solar investment?
The payback period for solar investments typically ranges from 5 to 10 years, depending on factors like installation cost, local electricity rates, and available incentives. After this period, you can benefit from significant savings on your energy bills.
What happens if I sell my home with a solar system installed?
Solar systems can increase the value of your home and make it more attractive to potential buyers. If you sell your home, you can transfer the solar lease or power purchase agreement (PPA) to the new owner, or they may choose to buy out the remaining term. If you own the system outright, you can include it as part of the home sale, potentially increasing the property's value.