There are several incentives for installing solar panels in Florida! The state offers a solar rebate program for homeowners who install solar panels on their property. Florida also has a net metering policy which allows homeowners to receive credit for excess energy their solar panels generate and feed back into the grid. This can significantly reduce or even eliminate your monthly energy bills. Installing solar panels can increase the value of a property and attract environmentally-conscious buyers. By reducing your dependence on fossil fuels, you can contribute to a cleaner environment and combat climate change.
Incentives, Tax Credits, and Solar Rebates in Florida
Incentive
Inflation Reduction Act
Florida Solar System Property Tax Exemption
Home Solar System State Sales Tax Exemption
Benefit
Qualified homeowners with home solar could be eligible for a tax credit of up to 30% against the cost of the system.
Property tax exemption on the added home value from the rooftop solar system.
6% home solar system state sales tax rate exemption.
Florida Solar System Property Tax Exemption
Thanks to Florida’s Property Tax Abatement for Renewable Energy Property incentive, adding a new photovoltaic (PV) system to your home won’t increase your property taxes.
Installing a solar energy system on your home could also help you increase the value of your home! The approximate solar home value increase in the State of Florida is 4%!
Home Solar System State Sales Tax Exemption
When you purchase a new rooftop solar system in the State of Florida, you won’t pay any state sales tax. The exemption is for 100% of the state sales tax of a new home solar installation.
Installing a solar system on your home in Florida means you may qualify for Florida’s state and federal incentives. Duke Energy, Florida Power & Light (FPL), and Tampa Electric Company (TECO) offer net energy metering (NEM) programs that can allow you to earn bill credits for the excess solar power your system creates and sends back to the grid. Net metering in Florida could help you save money on your future electricity bills, which means you can be less concerned about the cost of air conditioning and your water heater.
