Benefits and Tax Incentives Solar Panels Palm Valley, FL

​ Did you know that Florida is one of the top three states for solar opportunities in the country? It's a fantastic opportunity ready to embrace solar today for homes in Palm Valley because prices have dropped by nearly half in the past five years.
 
The average homeowner receives over 230 sunny days each year that are perfect for solar energy collection. Some communities get over 300! That's why creating and storing your own renewable energy at home makes sense, especially if you're looking for ways to upgrade or add equity.
 
Our team is the premier residential solar and energy installer in the region. We'll help you ensure that energy independence is possible, outage protection occurs, and you can immediately reduce your carbon footprint.
 
What Are the Incentives for Solar in Florida? 
Although the tax incentives and rebates for solar installations often renew each year, sometimes the benefits expire in December. That's why you always want to take advantage of the grants, low-interest loans, credits, and available rebates.
 
Right now, there are three different incentives that you can tap into when you're ready to add solar to your Florida home.

• Federal Solar Investment Tax Credit. ​This 22% tax credit comes from the federal government. It’s available for all purchased home solar systems that get installed before the end of 2022.
• Solar System Property Tax Exemption. If you decide to add a solar system to your Palm Valley home’s rooftop, you can qualify for this specific exemption to the added home value that occurs with the investment.
• Home Solar System Sales Tax Exemption. You can receive up to a 6% exemption on the state sales taxes for solar products when purchasing them for installation on your property.

 
When you add a new photovoltaic system to your Palm Valley home, the average property value increase is approximately 4%. Depending on the condition of your house, it could be as much as 10%! With the property tax exemption, your annual taxes won’t rise because of the renewable incentive.
 
You also won’t pay any sales tax in Florida when purchasing a new rooftop solar system. That means you’ll save up to 6% on the final cost compared to what homeowners in other states might pay for a similar design.
 
Now Is a Great Time to Use Solar Energy in Palm Valley 
Many of the solar installation plans in Florida qualify for nothing down when working with local lenders. Once you get the system running and connected to the grid, many of the state’s utility companies offer net energy metering.
 
That means you can earn bill credits for any excess solar power created. Not only can use save on future costs, but you’ll worry less about those air conditioning charges that come in the summer.
 
Teaming up with us can be a cost-effective way to add value to your property while supporting the local environment. If you’ve got any questions about the benefits and tax incentives of solar, reach out today so that we can get you the answers you need.

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