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The cost of solar panels has dropped 43% over the last 5 years.

Benefits Of Solar Panels In Florida

Lesson 2

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    Florida wouldn’t be the Sunshine State without, you guessed it, sunshine! Homeowners see an average of 237 sunny days each year, well above the national average of 205. Aside from the abundance of sunlight, there are several other reasons Florida homeowners should switch to solar energy.  Read on to learn all the benefits of solar panels in Florida.

    Solar Panels Can Reduce Energy Bills

    One of the main benefits of solar panels is that they can produce enough energy to power a Florida home without relying on the main grid. Switching to solar means homeowners can say goodbye to monthly energy bills and rising costs. In some cases, additional power created through solar panels can be sold back to energy companies through net metering programs. 

    Energy companies in Florida raised rates twice in 2022 and experts agree that price increases will continue. Switching to solar now is one way to enjoy all the benefits of solar panels and savings.

    benefits of solar panels - retail electricity prices comparison of history to present

     

    This is what eliminating your energy bill feels like!

    Florida Federal Tax Credits

    Another benefit of solar panels is savings. Homeowners can take advantage of the 26% federal tax credit by installing solar panels this year. A tax credit is a dollar-for-dollar reduction in the amount of income tax you would otherwise owe. For example, claiming a $1,000 federal tax credit reduces your federal income taxes due by $1,000. 

    In addition, homeowners can claim additional solar incentives in Florida. The Solar System Property Tax Exemption ensures homeowners won’t pay more if your home increases in value from solar upgrades. In addition, the Solar System Sales Tax Exemption means the cost of solar panels is exempt from state sales tax. 

    Boost Home Value In Florida

    Studies show that rooftop solar panels increase the value of a home by as much as $20 per $1 reduction in energy costs. In addition, trends show buyers are willing to pay more at closing for energy-efficient homes. 

    Solar Panel Help The Environment 

    A solar panel’s carbon footprint is about 20x less than coal-powered electricity sources. This means less pollution, cleaner air, and a healthier environment for everyone. 

    Benefits Of Solar Panels - FAQs

    Florida homeowners interested in adding rooftop solar panels need to act fast! The 26% federal tax credit is only available through 2022. After that, the amount will decrease to 22% and could go away entirely unless Congress extends the tax incentive.

    Florida homeowners should expect their solar panel systems to last 25-30 years.

     

    Solar panels are rated by the amount of DC (direct current) power they generate under standard test conditions. The amount of power is measured in watts (W) and reflects the panel’s theoretical power production under ideal sunlight and temperature conditions. More watts means more power can be generated. 

     

    Rooftop solar panels come in a variety of sizes capable of producing varying degrees of power. This creates flexibility and means solar power systems can be fully customized to fit the needs of a home.

    The average American home uses 10,649 kilowatt-hours (kWh) of electricity per year and spends about $125 per month. Installing a rooftop solar system that generated 100% or more of a home's energy needs would eliminate the monthly energy bill and offer long-term savings over the system's lifespan. Most homeowners average $10,000 and $30,000 in total savings.

    Solar energy is referred to as "clean energy" because it does not produce greenhouse gasses or pollution. For homeowners interested in reducing their carbon footprint, solar power is the cleanest and most abundant energy source available.

    Rooftop solar panels allow Florida homeowners to save money and help the environment, but they aren't suitable for every home. The size of your home, amount of sun, and condition of your roof are all factors that need to be considered when determining if solar panels are worth the investment.

    The combined benefits of solar panels make them a good investment both in the short term and for years to come. Here’s how:

    • Solar panels boost your home value while lowering your energy costs
    • Solar panels future proof you from rate hikes
    • With the proper amount of panels, you may qualify for net-metering programs giving you extra energy credits each year
    • Financing plans to buy solar panels offer low monthly payments - often well below what your existing energy bill is now
    • Once paid off, solar panels provide free, clean energy to power your home for free

    Our team of expert Florida solar installers is here to help! Give us a call at (844) 786-7293 or send us a message online!

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