Florida Solar Panel Rebates

Florida tax rebates and solar programs.

Florida solar panel rebates.

Sadly there s no other state tax credit or rebate for solar in florida. Reasons to go solar in the sunshine state. The purchase of photovoltaic systems covered under the florida renewable energy technologies and energy efficiency act qualifies the consumer to receive a substantial rebate. The rebate is based on the manufacturer s power output rating of the modules.

Does florida offer any rebates or tax credits to further reduce the price of solar panels. 6 federal solar tax credit. By using this exemption you can reduce the total cost by 900 and maximize your savings on the upfront cost of solar panels. Homebuilders may also apply for the rebate when installing a solar water heater on a new home.

The city of tallahassee utilities offers a 450 rebate to homeowners and homebuilders who install a solar water heating system. That means you can pocket the extra 6 state sales tax you would normally pay when you buy a home solar system and battery. Florida s sales tax exemption lets property owners enjoy a saving of 6 percent on the purchase of a new solar energy system. 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.

To give you an idea let s say that you buy a system worth 15 000 in 2020. 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. 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. 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.

The maximum benefit is 20 000 for residences and 100 000 for non residential facilities including governments businesses schools and institutions. The tax break reduces the. The same goes for rebates. This rebate may be applied to a first time installation or to the replacement of an older solar water heating system.

Florida s solar and chp sales tax exemption 5 is a welcome addition to the other incentives available in the sunshine state.