Buy a Florida Solar System and Cash in on Solar Savings
While abundant sun may very well be the very best reason to go solar in the Sunshine State, it’s also a good idea to learn about the other Florida solar incentives available to you.
With the debut of Sunrun Brightbox™, affordable solar battery storage in Florida, you can maximize peace of mind with a holistic, high-quality home solar system. Combine that with perks like tax exemptions and a generous federal tax credit, and owning a solar system in Florida is one of the smartest investments you can make for your home.
Florida Solar Incentives, Rebates, & Tax Credits
|Solar Savings Types
||Value of Savings
|Property Tax Exemption
||Avg Savings $15,000
|Sales Tax Exemption
||Solar System Sales Tax Exemption
|Federal Solar Tax Credit (ITC)
||30% of the total system cost
||Variable (Net Metering)
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Property Tax Exemption
As a homeowner, you know that property tax exemptions amount to a pretty big deal. So you’ll be pleased to hear Florida also employs Property Tax Abatement for Renewable Energy Property.2
That’s great news for homeowners, considering that customer-owned solar systems can increase the value of your home by $15,000 on average.3 So not only will you not have to pay extra in taxes, you could get more for your home if you decide to move.
Sales Tax Exemption
Florida also offers the Solar and CHP Sales Tax Exemption.4 It’s a welcome addition to the other incentives available to homeowners looking to maximize their savings and increase their energy independence.
Federal Solar Tax Credit (ITC)
On top of Florida net metering and tax exemptions, solar system owners are also eligible for the Federal Investment Tax Credit, or ITC,5 if you buy your own Florida solar panels. It even covers a Florida solar battery like Brightbox when you buy it with a solar panels.6 The tax credit amounts to 30% of the cost of purchasing your solar system.
However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%, and by 2022 the residential credit will drop to zero.7 That’s why the time to go solar is now. But not to worry—we can help you explore the solar incentives available to you.
Additional Florida Solar Programs: Net Metering
Net metering is also available to solar system owners, and utilities like Duke Energy are getting on board in a big way.1
It’s pretty simple: if your solar system produces more energy than you need, your utility will give you credits on your electricity bill that you can use when you need to pull energy from the grid (for instance nighttime or on particularly cloudy days). Basically, you can “save” your solar energy for when you need it most. Read more on net metering here.
Own Your System and Your Savings
Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle.
Whichever one you choose, we’ll help you take advantage of the Florida solar incentives, and save on your home solar panels and solar storage. We’ll even handle the paperwork. All you have to do is sit back and enjoy the sun.
See why other customers have chosen to go solar with Sunrun. Get your free quote today.