Florida Solar Incentives 2018

University of central florida.

Florida solar incentives 2018.

Please visit the database of state incentives for renewables efficiency website dsire for the latest state and federal incentives and rebates. Sw washington dc 20585. Florida public utilities gas residential. Under the law they must credit customers for net excess generation in a month.

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

Accessed june 10 2015. Reports and other resources. The purchase of photovoltaic systems covered under the florida renewable energy technologies and energy efficiency act qualifies the consumer to receive a. Solar photovoltaic systems are eligible for a 4 watt rebate capped at 20 000 for homes and 100 000 for businesses.

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. 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. Arizona and massachusetts for instance currently give state income tax credits worth up to. 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.

This post will give you all of the details you need for going solar in florida. However florida does offer some solar power financial incentives. Florida power and light offers a solar rebate and all of the utilities governed by the state utilities commission offer net metering. New laws are being passed more incentives and rebates are being offered and prices are steadily dropping.

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. Accessed june 9 2015. Accessed june 9 2015. There is no better time to look into a solar panel system in florida than in 2018.

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 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. My florida home energy. In 2019 the tax credit can reduce the cost of a solar installation by 30 7 including a solar battery purchase.

Some will continue even after the federal credit expires. Buying a solar panel system in florida.