Florida is the third best state in the U.S. for solar.1
Florida solar panel price drop over the last five years.1
Florida is the third highest producer of carbon dioxide (CO₂) emissions in the nation.2
With 237 sunny days per year in Florida on average3, it’s easy to see why they call it the Sunshine State. Still, this is just one of the many reasons that Floridians decide to make the switch to solar in order to create and store their own renewable energy at home. Florida also offers attractive solar incentives to help you go solar while saving more money.
Sunrun is the leading residential solar, storage, and energy services company.4 We work to ensure you can gain energy independence, get outage protection, reduce your carbon footprint, and enjoy Florida’s solar incentives.
|Federal Solar Investment
Tax Credit** (ITC)
|26% federal solar tax
credit is available for home solar systems installed by December 31, 2020
|Property Tax Exemption||Property tax exemption on the added home value from the home solar power system.|
|Sales Tax Exemption||6% home solar system
state sales tax exemption.
†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 home solar system from Sunrun.
Buy and install new Florida solar panels in 2020, with or without a home battery, and qualify for the 26% federal tax credit. The residential ITC drops to 22% in 2021 and ends in 2022.5**
Average-sized 5-kilowatt (kW) system cost in Florida: $12,655 Approximate system cost after the 26% ITC in 2020 in Florida: $9,3656
Add a new photovoltaic system to your Florida home, and your property owner taxes won’t go up.7
Installing a solar energy system could help you build home value. Approximate solar home value increase in Florida: 4%8
When you buy a new rooftop solar system in Florida, you won’t pay any sales tax.7
The exemption is for 100% of the sales tax of a new home solar installation. This can save you 6% right off the bat.9
The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. The 26% tax credit applies as long as the solar energy system is installed by December 31, 2020. Starting in 2021, the value of the tax credit will step down to 22%. After 2021, the tax credit for residential solar ends.
*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 home solar system from Sunrun.
**We recommend contacting a tax professional to most accurately determine the impact of the solar Investment Tax Credit (ITC) on your federal taxes.