Florida Solar Rebates 2018

0 08 sq foot of conditioned living space up to a 300 credit.

Florida solar rebates 2018.

3 and since purchased solar systems may increase the value of your home by up to 15 000 on average 4 you ll get even more bang for your buck if you decide to move. This generous rebate effectively knocks off 26 percent of the cost of your new solar energy system right off the bat as a credit on your income tax. Solar photovoltaic systems are eligible for a 4 watt rebate capped at 20 000 for homes and 100 000 for businesses. Otherwise known as the investment tax credit itc this incentive allows solar customers to receive a tax credit equal to 30 of the cost of their solar panel system.

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. 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. While this is certainly a big draw for travelers there is another benefit that residents of florida can reap from the abundant sunshine solar power. With the 30 tax credit that drops all the way down to 11 375.

Over 25 years your florida solar panels will save you an estimated 61 261 on your electric bills. A typical sized solar panel system of 5 kw would cost you about 16 250 in florida. Homeowners understand the value of property tax exemptions so it s good news that florida is offering a tax exemption for residential solar systems. Solar thermal systems are eligible for a 500 residential rebate or 15 btu capped at 5 000 for businesses.

The rebate is based on the manufacturer s power output rating of the modules. Given that neither electricity prices nor solar rebates have changed significantly during 2018 i think the only explanation for the explosion of solar interest in florida is increased public awareness of the benefits of net metering. Generate an accurate online solar estimate for your home. Eligible measures include insulation upgrades window solar screens duct repairs cool roof products air conditioners heat pumps and solar attic fans.

The total net savings from solar in florida bill savings and incentives minus up front cost is 39 960. First you earn a 7 484 federal solar tax credit. Window solar screen rebate.