WHY ARE SOLAR PANELS WORTH IT IN FLORIDA?

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Last Updated on November 1, 2023 by admin

WHY ARE SOLAR PANELS WORTH IT IN FLORIDA?

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There is so much sunshine!

Florida has sunny days for around 34% of the year, with between 220 and 266 days of sunshine depending on where you live. The state of Florida’s warmer winters is ideal for harnessing the strength of the sun for year-round home energy usage. Solar panels are a perfect way to protect Florida’s biodiversity and natural beauty, with its sandy beaches, lush forests, and numerous national parks.

Huge scope for expansion

In reality, Florida is one of the fastest-growing solar-power states in the world.

This year, the Solar Energy Industry Association (SEIA) ranked Florida fourth among all states for solar energy. This is attributable to several factors, including the following:

  • Projection of Growth
  • Installed capacity total
  • Solar energy accounts for what percentage of the state’s electricity.
  • The total number of installations

And, according to recent reports, Florida will overtake North Carolina as the Southeast’s solar champion by the end of 2021.

Why is this important to you as a Florida homeowner? To put it another way, do you want to be left behind while your neighbors switch to solar? What if you missed out on all the benefits that will no longer be available? Remember, as the United States adopts more clean energy policies to help the environment, green energy will become the norm in the future. Utility companies will increasingly turn to renewable energy sources. Wouldn’t it be better to have power over your home’s solar energy, which is free, rather than paying the utility provider in the future? Yes, I believe so.

There is NO SALES TAX.

That’s right, in Florida, the purchasing of a solar panel system, as well as installation and a solar battery backup system, are all fully tax-free. As a result, you won’t have to pay the additional 6% sales tax. So go ahead and install as many solar panels as you need for your Florida home’s energy needs!

No raise in property taxes

Let’s even talk about another tax break while we’rae at it.

Solar panels, like most home improvement projects, increase the value of your home. You can also save the additional cost of a solar panel system if you live in Florida. This is because, in Florida, clean energy home upgrades are exempt from additional property taxes.

Here’s what you need to know about solar panels and home value.

Solar panels will speed up the sale of your home by 20%. (NREL) Solar panels increase the value of your home by 17% at closing (Dept. of Energy and Berkeley Laboratory) For every $1 you save on your energy bill, solar panels add $20 in value (on average)

You can resell your solar energy.

Taking advantage of net metering is a smart way to get even more savings from your solar panels in Florida. What is net metering, and how does it work? It’s just a fancy way of saying that you can sell the solar energy you generate to your energy provider in the form of monthly bill credits.

Your solar panels are connected to the power grid when you use net metering. Excess electricity produced by your solar energy system is sent to the grid. Your account will be credited for each kilowatt-hour your panels generate. So many months’ worth of energy bills!

Massive tax breaks

There’s good news if you’re worried about the cost of going solar in Florida. The federal government provides a significant tax credit for going solar! You will get up to 26% of the overall cost back in tax incentives with the Federal Solar Tax Credit, making solar more affordable. Any credits you don’t use will be carried forward to the next year.

Rising energy costs

What if I told you that Florida has one of the highest electricity consumption rates in the world? The estimated monthly consumption in Florida is 19.71 percent higher than the national average of 903 kWh/month.

This equates to a monthly residential energy bill of $123 on average. Florida is ranked 9th in the country with the highest monthly electric bill, with a 14.95 percent increase over the national average. When you turn to renewable solar energy, you’ll save even more money per month. Even if you’re currently satisfied with your energy bills, don’t assume this will always be the case. Energy prices have risen steadily in the United States over the last decade, and they will continue to rise as fossil fuel reserves are depleted.

Energy self-sufficiency

When it comes to breaking away from your electricity provider, combining solar battery storage with your solar panel installation will provide you with energy independence. You can store all of the excess solar energy generated by your solar panel system by adding a solar battery to your solar panel installation. Solar batteries, such as the Tesla Powerwall or Enphase Encharge, will protect your home from power outages. Solar energy not only protects your home from potential rises in electricity costs but also gives you full independence and control over your home’s resources.

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