Benefits of Installing Solar Panels in your Home or Business

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In addition to Energy cost savings and environmental benefits, the two biggest advantages available to Florida residents are the 26% solar tax credit and net metering.

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SOLAR HAS A LOWER COST OF ENERGY

16.5¢

Utility Power

per kWh

5¢

Solar

per kWh

The average cost of power from a typical solar system installed on a home in Florida over 25 years is 5¢/kWh.

Average cost of utility power over 25 years  is 16.5 ¢/kWh. Solar is a far less expensive way to power your home in Florida over the long term.*

*Calculated by the average cost of utility power by assuming the current FPL electric rates will rise each year at a compound rate of 3.5%. Actual inflation may vary but either way solar is a clearly better choice.

The two biggest advantages available to Florida residents are the 26% solar tax credit and net metering.

THERE ARE TAX INCENTIVES

26%

Tax Credit

of the cost of installed solar panel system

$0

Sales Tax

You will not have to pay sales tax when you buy your solar energy system, thanks to the Solar and CHP Sales Tax Exemption.

$0

Property Tax Increase

With Florida’s Property Tax Exclusion for Residential Renewable Energy Property, your solar energy system will NOT result in an increase in property tax.

UNDERSTANDING NET METERING

net energy usage

INCREASE THE VALUE OF YOUR HOME

4%

in Florida

4.6%

in Orlando, Florida

While the solar premium for the state of Florida is 4%, it increases to 4.6% in Orlando, Florida.

ENVIRONMENTAL BENEFITS

Helps Fight Climate Change

Reduces Water Usage

Reduces Air Pollution

Reduces Dependence on Nonrenewable Energy