Update 12/27/20: The solar investment tax credit (ITC), which was scheduled to drop to 22% in 2021, will be extended for two more years at 26%! You can learn more about the energy tax credit extensions here.
Have you been looking to make the switch to solar? In the Sunshine State, it’s a no-brainer. It seems like we’re always in a summer state of mind around here. Don’t let the dog days pass you by, though: Florida’s solar tax credits expire for good after 2021!
If you’re ready to lock down the lowest rate for solar, then we highly encourage you to take advantage of Florida’s solar tax credit program while it’s still available. Make the jump to solar today with a little help from Energy Monster!
You CAN Afford Solar
Solar energy is renewable, clean, and easy to make. It cuts down on your energy bills by reducing the amount of electricity you have to purchase from the main grid. With that in mind, an entire solar panel system can seem intimidating to the average homeowner. The truth is that solar technology has come a long way, and is simpler and more affordable than ever before.
Don’t think you’re a right fit? No way! Every homeowner can afford to incorporate solar technology into their homes, especially with tax incentive programs in place. In Florida, tax credits can reduce your cost of installation by 26% until the end of 2020. This number changes to 22% in 2021 until it completely disappears by 2022. Once your solar system is in place, the immediate energy savings further offset the cost. Plus, you can also receive money back for excess energy created from your solar panels through the Florida Net Metering program.
Save Money Upfront: Tax Benefits and Credits
Before you make the switch to solar energy, make sure that you familiarize yourself with any tax benefits or credits that are available. These vary state-by-state, and you only stand to gain!
Some money-saving examples include a property tax exemption, which saves you money on renewable energy additions to your home, and a sales tax exemption, giving you an additional 6% savings on what you would otherwise pay for your solar panel system. And these aren’t the only ones out there; take a look at this list of FL solar incentives.
Energy Monster Can Help with Florida Solar Tax Incentives
Let Energy Monster give you a hand in getting your own solar system. We offer custom, no-obligation designs to help you understand how solar panels can work with your home. We can also explain which rebates and credits are available to you, so that you may get the most value from your money. Get ready to enjoy both immediate and long lasting energy savings with a solar energy system. Get your free quote today!Return to Blog