Solar SME Florida

Solar incentives in Florida for Energy Storage

Floridians are well-versed in extended power outages. Also, people are rapidly moving to energy storage systems to keep their homes going during hurricanes.

    Investment tax credit incentives for energy storage

Firstly, With the federal investment tax credit, Floridians who install a solar-plus-storage system will save thousands of dollars as Investment tax credit.

The federal investment tax credit (ITC) is a tax credit that deduct up to 26% of the cost of your solar battery as federal investment tax credit (ITC). However, The Investment tax credit will reduce the cost of a battery by $3,000 to $4,000 for the majority of homeowners. Importantly, independent storage is not currently available for this tax credit. To qualify for this incentive, you must charge the battery with an on-site renewable energy source (like rooftop solar). In other words, you cannot take advantage of this credit if you charge the battery with electricity supply.

In Florida, what solar state incentive are available for Storage Systems?

Mainly, unfortunately, there are currently no state solar incentives for energy storage in Florida. Moreover, JEA electricity customers, on the other hand, can save thousands on a solar battery purchase. However, this is the advantage of the state solar incentives of utility’s storage rebate program:

As, JEA battery reward program is a great way to save money on batteries. So that, it is included in state solar incentives for Floridan’s.

Do you call Jacksonville home? If so, JEA’s battery reward program reimburses you for a portion of your solar battery purchase.

Concludingly, This initiative provides JEA customers with a $4,000 upfront rebate. This is to help offset the expense of building a solar-plus-storage system. However, in order to participate in the program, your battery must meet the following requirements:

• Connect to a grid that generates renewable energy (like solar)
• Being a brand-new buy (replacement batteries are ineligible)
• Have an available power of at least 6 kilowatt-hours (kWh).
• Have at least a 10-year or 5,000-cycle warranty.
• It should be programmable to run in self-consumption mode