Pricing, Program, & Incentive Information for Local Florida Residents
The potential for development of solar energy in Florida’s sunny climate is nearly unlimited, and the costs of installing solar panels have dropped substantially in the last few years. It’s never been easier, or more affordable, for Floridians to make the switch to solar energy.
Solar Panel Incentives & Tax Credits for Florida Residents
A variety of programs at the state and federal level encourage residents of the Sunshine state to invest in efficient, sustainable energy while limiting the impact on Florida’s diverse natural environment. The use of solar energy in Florida is growing in a big way. Right now is the perfect time to go solar.
|Florida Counties Low-Income Residential Energy Efficient Grant Program |
The goal of this grant program is to offset high energy costs for low-income families. The maximum award per county is $100,000.
Solar Tax Credits
|Federal Solar Investment Tax Credit (ITC)|
In 2021, the ITC offers a 22% tax credit for installation of solar systems on residential and commercial properties. For homeowners, the credit is applied to federal income taxes when a system is purchased and installed. The credit will end for residential projects after 2021, but commercial projects will receive 10%.
Solar and CHP Sales Tax Exemption
Solar energy systems are exempt from sales taxes in Florida. Although there are no limits to this incentive, equipment must be certified by a Florida Solar Energy Center (FSEC).
Property Tax Abatement for Renewable Energy Property
Thanks to Florida’s Property Tax Abatement program, homeowners qualify for a 100% property tax exemption for renewable energy property. The abatement for non-residential property is 80%.
Other Programs & Incentives
|Solar Renewable Energy Certificates (SREC) and Net Metering|
Homeowners with solar panels installed have the opportunity to earn money from the power they generate. Energy generated from solar panels is sold to utility companies who return it the energy to the grid. Net metering saves you money and helps companies meet their sustainability goals.
Property-Assessed Clean Energy (PACE) Financing
Pace financing Increases access to financing for renewable energy systems, improvements in energy efficiency, or a combination of both. This low-cost, long-term loan is repaid through a special assessment on property taxes or utility bills.
Energy Efficient Mortgages
Energy Efficient Mortgages (EEM) help Florida homeowners finance installation of solar panels on existing homes, thus reducing the burden of high energy bills. Homeowners may qualify for Federal Housing Authority (FHA) or Veterans Affairs (VA) mortgage programs.
Florida Solar Panel Program & Pricing Information
Although the cost of electricity in Florida isn’t the highest in the nation, electric bills for homeowners run about 13% higher than the national average. You can save money by installing solar panels, especially if you combine one or more of the state’s solar tax credits and incentives with one of the pricing options listed below.
Zero money down options and more…
|How much do Floridians pay for a solar energy installation? It depends. Would you prefer to invest with or without cash down, or are you interested in owning your panels? There’s also the option of going solar with our RateGuardian™ Solar Lease, where you can literally pay nothing for both solar panels and installation to lock in a lower electricity rate than utility status quo.|
Purchase with Cash/Credit/Traditional Financing
Typically, people who own their solar systems save an average of 50-100% on monthly utility bills.
Additionally, homeowners to prefer to own their own system may qualify for Solar Energy World’s $0 financing options, based on creditworthiness.
A solar panel system can also generate income for Florida homeowners, who can sell their SRECs (Solar Renewable Energy Credits), for hundreds of dollars every year.
Lease to pay $0
Entering into a Solar Lease is a popular way to acquire residential solar. Pending credit approval, our Leases offer homeowners an opportunity to put $0 down in up-front costs for solar panels and installation. Floridians who qualify pay nothing for panels and installation and are able to lock in lower rates that can reduce utility bills by up to 30%.
In layman’s terms, Solar Energy World owns the solar panels, and we install them at no cost to you. You purchase the electricity from us at a locked-in rate lower than the variable rate charged by Florida utility companies.
Same Top Service and Quality No Matter Which Option You Choose
Solar panels increase your home’s value, whether you purchase or lease. Plus, homeowners qualify for a 100% property tax exemption for renewable energy property. With Florida solar panels from Solar Energy World, we guarantee a 20-25 year warranty depending on panel brand, along with 24/7 live monitoring and diagnostics support. We offer solar battery backup for homeowners who want power during outages.
Why Choose Solar Energy World for Your FL Solar Panel Installation?
Solar Energy World is a top-rated solar panel installer in Florida with 88 years of local service. We’re proud of helping Fl residents and businesses save money while reducing their footprint on the environment. All of our solar panel systems are custom designed to fit your financial situation and energy production needs.
We understand that investing in solar energy is a big decision, and we’re here to help. We’ll guide you through your investment options, take care of all necessary paperwork, and give you opportunities to talk to our happy customers. We use only the most superior solar panel products, many of which are American-made. We never hire outside subcontractors.
If you are considering an investment in solar panels for your Florida home, give us a shout today. Feel free to call 866-856-4580 and speak with one of our local solar experts, or get started right away with our free, customized solar estimate.