Florida Solar Power

Did you know that solar energy accounts for over 7% of Florida's total electricity generation, which is more than double the national average? The growing popularity of solar power in Florida comes as no surprise given its numerous benefits. Not only is solar energy environmentally friendly, but it is also a cost-effective alternative to traditional energy sources. By going solar in Florida, you can save a significant amount of money on your electricity bills while reducing your carbon footprint and contributing to a cleaner environment!

The Solar Investment Tax Credit

The Solar Investment Tax Credit (ITC) in Florida is a federal incentive designed to promote solar energy adoption. It offers a tax credit of 30% of the total cost of installing a solar energy system for homeowners and businesses. This credit helps offset the upfront expenses of installing solar panels, making solar energy more affordable.

To qualify, the system must be operational before the end of the tax year in which the credit is claimed. It's important to consult with a tax professional to ensure eligibility and proper claiming of the credit on your tax return. The ITC has been instrumental in driving solar energy growth and contributes to a cleaner and more sustainable future in Florida.

See if you qualify for the Florida Solar Tax Credit

Florida Solar Net Metering

In Florida, solar net metering is a program that enables solar panel owners to sell excess energy they generate back to the grid. Through net metering, a special meter tracks the amount of solar energy you provide to the grid, and you receive credits for it. These credits, known as Solar Renewable Energy Credits (SRECs), can be used to offset your monthly energy costs or even sold for a profit.

The program allows you to maximize your return on investment with solar, by reducing your reliance on the grid and potentially earning income from your solar panels.

Solar Tax Exemptions in Florida

Solar Property Tax Exemption: One of the most-liked Florida solar incentives is solar property tax exemption. Also called the Property Tax Abatement for Renewable Energy Property incentive. Since a solar system on a home can raise the taxable value by as much as 5%, this provides a big tax relief. So you can enjoy the benefit of a higher property value, without the extra taxes!

Solar Sales Tax Exemption: Florida also provides solar sales tax exemption. This is an instant 6% savings on your solar panels compared to neighboring states. This includes the cost of solar panels in Florida, solar batteries, and the cost to install solar panels in Florida.

Florida Solar Rebates

Florida offers solar rebates to encourage the use of solar energy systems. The Boynton Beach Energy Edge Rebate Program provides a $1,500 rebate for solar system installation per property, available on a first-come, first-served basis every 10 years.

Similarly, the Dunedin Solar Energy Rebate Grant Program offers Dunedin residents a cash-back grant of $0.25 per watt of solar power generated, up to a maximum rebate of $2,500, also on a first-come, first-served basis.

These rebate programs aim to make solar panel installation more affordable and accessible for homeowners. By taking advantage of these rebates, residents can reduce their upfront costs and contribute to a greener future while enjoying the benefits of solar energy, such as lower electricity bills.