Florida Solar Incentives 2018

Solar photovoltaic systems are eligible for a 4 watt rebate capped at 20 000 for homes and 100 000 for businesses.

Florida solar incentives 2018. Florida power and light offers a solar rebate and all of the utilities governed by the state utilities commission offer net metering. 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. New laws are being passed more incentives and rebates are being offered and prices are steadily dropping. Buying a solar panel system in florida.

University of central florida. As of 2018 the current average price for a 5 kilowatt solar energy system in florida is 13 450 not including the 30 percent federal tax credit or any local incentives that are available. In 2019 the tax credit can reduce the cost of a solar installation by 30 7 including a solar battery purchase. This post will give you all of the details you need for going solar in florida.

The 2006 florida renewable energy technologies and energy efficiency act signed into law on june 19 2006 provides consumers with rebates and tax credits for photovoltaic systems. As part of the 2006 florida energy act the solar energy systems incentives program offers rebates for individuals or businesses to purchase solar photovoltaic solar thermal and solar thermal pool heating systems. The purchase of photovoltaic systems covered under the florida renewable energy technologies and energy efficiency act qualifies the consumer to receive a. Florida public utilities gas residential.

Arizona and massachusetts for instance currently give state income tax credits worth up to. In addition to florida s state solar programs you ll be eligible for the federal solar tax credit if you buy your own home solar system outright. The cost per watt of a solar pv system comes out to about 2 69 resulting in a price of approximately 0 12 per kwh for solar energy in florida. Please visit the database of state incentives for renewables efficiency website dsire for the latest state and federal incentives and rebates.

Florida public service commission. Florida solar energy center. Florida department of agriculture and consumer services. However florida does offer some solar power financial incentives.

Accessed june 9 2015. Sw washington dc 20585. Accessed june 10 2015. 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.

Under the law they must credit customers for net excess generation in a month. 8 that means if you purchase a 6 kilowatt system for 18 300 you ll pay. Accessed june 9 2015. Some will continue even after the federal credit expires.

Many states also offer tax credits for solar. Solar electricity rebates and incentives.