Florida Solar Panel Rebates

Florida s sales tax exemption lets property owners enjoy a saving of 6 percent on the purchase of a new solar energy system.

Florida solar panel rebates.

The same goes for rebates. The maximum benefit is 20 000 for residences and 100 000 for non residential facilities including governments businesses schools and institutions. 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. 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.

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. The purchase of photovoltaic systems covered under the florida renewable energy technologies and energy efficiency act qualifies the consumer to receive a substantial rebate. That means you can pocket the extra 6 state sales tax you would normally pay when you buy a home solar system and battery. Sadly there s no other state tax credit or rebate for solar in florida.

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 tax break reduces the. This rebate may be applied to a first time installation or to the replacement of an older solar water heating system. 6 federal solar tax credit.

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

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 longwood used to offer a small rebate program but this program has now expired. The city of tallahassee utilities offers a 450 rebate to homeowners and homebuilders who install a solar water heating system.

The rebate is based on the manufacturer s power output rating of the modules.