Orlando is arguably one of the most famous cities in the United States. With its fantastic climate, diverse culture, and splendid attractions, it’s no wonder why so many people are making Orlando their home. But Orlando has one more thing to offer – solar energy! This article will show five reasons why every Orlando homeowner should switch to solar electricity today.
Homeowners switch to solar power before Florida’s net metering bill goes into effect.
Solar energy is becoming increasingly popular in Orlando, FL, because of the state’s new net metering bill. This bill will make it easier for homeowners to switch to solar energy and receive credits on their utility bills. By changing to solar before this bill takes effect, you can ensure you get the best possible savings from your solar setup.
According to residents in Florida [1], electric bills have risen drastically over the past three years. On average, bills would go from $150 to $200 a month, regardless of what residents do to save energy and money.
Additionally, residents have tried insulation and called several energy companies for surveys and recommendations. Even in doing so, their bills did not lower.
Federal Solar Investment Tax Credits
The federal solar investment tax credit (ITC) is available to homeowners and businesses that invest in solar energy systems. The distinction is currently set at 26% of the solar installation cost [2] and is set to decrease over the next few years. It is important to note that the credit is available to residents and businesses in Florida, as it is a federal credit and applies to all states. Florida does not have state-specific tax incentives for solar energy systems. It is advisable to consult with a tax professional to determine if the credit applies to your specific situation.
Florida Solar Rebates and Tax Credits
There are various solar rebates and tax credits available in Florida for individuals and businesses that install solar systems. These incentives can offset the cost of solar installation and make it more affordable for people to switch to clean energy.
The Florida net metering program is the most substantial rebate for residential customers [3]. It allows customers to receive credits on their utility bills for any excess solar energy they produce and send back to the grid. Additionally, there is the Florida Property Tax Exemption for Renewable Energy Systems, which allows homeowners to receive a property tax exemption for the value of their solar energy systems.
For commercial customers, the most substantial rebate is the Federal Investment Tax Credit (ITC), which allows businesses to deduct 26% of the cost of a solar system from their federal taxes. Additionally, the Florida Sales and Use Tax Exemption for Renewable Energy Technologies can help commercial customers reduce the price of a solar installation by exempting them from paying state sales and use taxes on the equipment and labor.
It’s best to check with local authorities and utilities for the most up-to-date information and to see what specific rebates and credits may be available in your area.
Florida Solar Property Tax Exemption
In Florida, specific solar energy systems are exempt from property taxes. This includes solar water heating systems, solar pool heating systems, and photovoltaic systems [4] that generate electricity for a single-family residence. The exemption applies to the increase in the property’s value due to the solar energy system’s installation. To qualify for the exemption, the property owner must apply with the county property appraiser’s office. The property owner must also provide proof that the solar energy system meets certain specifications and complies with state and local building codes.
Lowering Your Electric Bill in Orlando with Solar: 5 Reasons Why to Switch
Now that you know more about solar energy and the tax credits, rebates, and exemptions available in Florida, here are five reasons why you should switch to solar:
1. Cost Savings
Compared to traditional electricity, solar energy is much cheaper. You can get the most out of your investment with Florida’s federal, state, and local incentives. On average, customers save between 20% and 25% on their utility bills when they switch to solar.
2. Environmental Benefits
Switching to solar helps reduce your carbon footprint and positively impacts the environment. Solar energy systems don’t produce greenhouse gases, meaning your home or business can be powered with clean, renewable energy.
3. Increase Home Value
Installing a solar system in your home increases its value and resale potential. Buyers are always looking for homes with lower utility bills and higher efficiency, so installing a solar energy system can give you an edge over the competition.
4. Long-Term Reliability
Solar energy systems can last up to 25 years or more when properly maintained and cared for. This means you don’t have to worry about constantly replacing parts or dealing with costly repairs. Plus, there are no moving parts in a solar energy system, which helps to reduce the risk of breakdowns.
5. Integration with Other Technologies
Solar energy systems are increasingly integrating with other technologies, such as home automation and smart home devices. This can help you keep track of your energy usage in real-time, allowing you to make more informed decisions about how best to use clean, renewable energy.
These are just some reasons why homeowners in Orlando should switch to solar energy. With the abundance of solar resources available in Florida and with the incentives and exemptions provided by the state, switching to solar can be a wise financial decision for any homeowner. By making the switch today, you’ll save money on utility bills while helping protect our planet simultaneously.
Frequently Asked Questions (FAQs)
Solar energy can be a complex topic, so here are some of the most commonly asked questions about solar energy in Florida:
Do I need to own my home to qualify for solar incentives?
No. You don’t have to be a property owner in Florida to apply for solar incentives. Renters and tenants can also take advantage of solar incentives with the property owner’s permission.
What size solar system do I need?
Your needs depend on various factors, such as your home’s location and size, energy usage, and budget. A qualified solar installer can help you determine what type and size of the system are best for your home.
Are solar energy systems safe?
Yes. Solar energy systems are designed to be safe and efficient, and all components must meet local building codes. Plus, with no moving parts, the risk of breakdowns is minimized.
How long does it take to install a solar energy system?
The amount of time it takes to install a solar energy system depends on the size of the system and other factors. On average, most installations can be completed in two to three weeks.
Do I have to pay for my solar installation up front?
No. Many solar companies offer financing options that allow you to advance your payments over time. This makes it easier for you to budget for your solar energy system.