Incentives Make Solar Energy More Affordable Than Ever

The combination of government and utility incentives can drive down the cost of your solar installation by up to 70%! Federal, State, and Local governments, along with utilities, are pitching in to lower the cost of your solar panels because solar is a great investment for them as well as for you.

Federal Rebate
The Federal rebate is very straightforward. It is 30% off your installation price. It’s a simple one page form that attaches to your Federal tax return and you will get your money as a tax rebate.

Florida Incentives
As part of the 2006 Florida Energy Act, the Solar Energy Systems Incentives Program offers rebates for individuals or businesses to purchase solar photovoltaic systems. Solar photovoltaic systems are eligible for a $4/watt rebate, capped at $100,000 for businesses. In addition, In May 2005, a law was passed (HB 805) that permanently made photovoltaic panels exempt from Florida Sales Tax.

Utility Credits
Florida encourages its utility companies to utilize green technologies, specifically solar. As such, the state offers a $0.01/kWh credit to power companies that use renewable energy. The utility achieves this by providing incentives to you to install photovoltaic systems, which are becoming more generous. It’s a win-win-win situation; you get money from the utility for putting up solar panels, the utilities don’t need to become experts in adding solar to roofs, and the state gets more solar installations.

Net Metering
As of July 1, 2009, all utilities in the Florida, whether investor owned or owned by the municipality now have to credit your solar power dollar for dollar.  That means any excess energy your panels produce gets sold to your local utility, and then you get to buy that power back at the same price.