Solar Benefits And Tax Incentives
As the ‘Sunshine State’, where better to make the most of the sun by powering your property through solar, and earning whilst you do it! Here in Florida, alongside our amazing weather, we are also fortunate to be offered several solar benefits and tax incentives by the authorities. This is to encourage more people to make the exciting jump from living on the grid to making their own sustainable energy! As your local experts in all things solar power here in Tampa, FL, we will be happy to support you through the process to find out exactly what you are entitled to and how we can best benefit your property with these incentives.
Florida Solar Incentives
Across the globe, national and local governments are encouraging residents and business owners to turn to more environmentally friendly ways of creating energy. Florida is no different! They offer what is known as Florida Solar Incentives which are a range of financial aids and benefits to help you reach your solar power goal. These incentives include a sales tax exemption, a property tax exemption, and a low-interest loan program specifically for Florida locals to go solar.
Alongside the state incentives, you can also benefit from the Federal government’s Solar Investment Tax Credit. This scheme is suitable for both residential and commercial properties and helps to reduce the cost of purchase and installation of your new solar panels, offering up to 26 percent credit to your federal taxes. There is a specific criteria that says you are eligible, and as your local experts, we can help you to go through this. To benefit from this credit it is essential that you make your transition to solar power soon, as over the coming years the percentage will lower, eventually being removed for residential properties by 2024.
Net Metering is an exciting way to make a profit from your solar investment! It allows you to sell any excess energy back onto the grid, benefitting in a range of ways that includes credit from the energy companies. Since net metering began in Florida in 2008, there has been a surplus of a 10,000% increase in the number of renewable energy source connections to the grid. This shows how beneficial the system is and how many people are contributing to powering our area!
What do we do?
Tampa Solar Services is exceptionally experienced in working with solar power. We will help you to find your way through what can feel like a complicated incentive system to get the best financial deal. We want you to be able to access solar power, and we want you to be able to do it affordably too! Alongside our help with this information, you can also rely on us for all your other solar services including installation, repairs, and maintenance. Contact us today to find out more and begin the exciting journey of being more environmentally friendly and financially better off!