Florida Solar Panel Rebates

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group.

Florida solar panel rebates.

The federal government provides a solar tax credit known as the investment tax credit itc that allow homeowners and businesses to deduct a portion of their solar costs from their taxes. The rebate is based on the manufacturer s power output rating of the modules. Florida rebates the solar energy system incentives program is florida s state plan for reducing the cost of installing photovoltaic systems and solar pool and water heaters. 6 federal solar tax credit.

Homebuilders may also apply for the rebate when installing a solar water heater on a new home. By using this exemption you can reduce the total cost by 900 and maximize your savings on the upfront cost of solar panels. To give you an idea let s say that you buy a system worth 15 000 in 2020. The tax break reduces the.

Florida tax rebates and solar programs. The maximum benefit is 20 000 for residences and 100 000 for non residential facilities including governments businesses schools and institutions. The same goes for rebates. When you compare quotes for solar panels on energysage s competitive solar marketplace you can expect to see prices up to 20 lower than working with a single solar company.

Sadly there s no other state tax credit or rebate for solar in florida. The city of tallahassee utilities offers a 450 rebate to homeowners and homebuilders who install a solar water heating system. Florida s sales tax exemption lets property owners enjoy a saving of 6 percent on the purchase of a new solar energy system. Both homeowners and businesses qualify for a federal tax credit equal to 26 percent of the cost of their solar panel system minus any cash rebates.

Does florida offer any rebates or tax credits to further reduce the price of solar panels. Solar energy system rebates are issued by the commission pursuant to sections 377 801 377 806 florida statutes and chapter 27n 1 florida administrative code contingent upon an annual appropriation by the legislature of the state of florida for the specific purpose of funding solar rebates. Florida s solar and chp sales tax exemption 5 is a welcome addition to the other incentives available in the sunshine state. The city of longwood used to offer a small rebate program but this program has now expired.

That means you can pocket the extra 6 state sales tax you would normally pay when you buy a home solar system and battery.