The future of energy is clean, safe, and renewable here in Orlando. Orlando has seen a massive increase in household solar installations over the past year. Residents who enjoy being outside and in nature want to maintain clean air, water, and a healthy environment.
However, there is still another reason why individuals adopt solar panel systems. Homeowners in Orlando and the surrounding areas are saving a lot on their utility costs. On the other hand, there are still several advantages that solar installation may offer to you. Read along to learn more.
Why Solar Installation is Common in Orlando
Solar panel installations are common around Orlando because the majority of the area is sunny and pleasant, and the region is home to numerous reliable solar companies, including Everything Solar.
How Much is the Average Cost of Solar Installing in Orlando
Orlando takes pride in some of the cheapest solar costs in America. With an average cost of $2.69 per watt, Florida ranks fourth among states in terms of the cost to install a solar system. An average residence should be covered by a solar energy system that is 5 kW (or 5,000 watts) in size. Your final cost for installing solar panels in Orlando, Florida, will be a moderate $13,450 when you multiply the cost of $2.69 per watt by 5,000. This is the typical amount you’ll receive from Florida-based solar energy providers once you ask for quotations[1].
Top 5 Benefits of Solar Installing in Orlando
Besides the city fact that the city is an ideal location to obtain solar energy, most homeowners and business owners go for solar installations because of the following benefits it offers:
1. Reduce Energy Cost
Orlando solar panels offer the most significant advantage of avoiding the growing cost of electricity. Over the previous ten years, the national average price per kilowatt—basically the metric used to track changes in power rates year over year—has climbed by 15%. We are well aware that this trend is unlikely to change as natural resources get increasingly scarce.
The cost of power in Florida will climb by 50% in 30 years if the current trend of 15% price rises every 10 years is maintained. Electricity costs are subject to large fluctuations, which can interfere with budgets and make forecasting more challenging. By going solar, you may hedge against sudden changes in the price of electricity[2].
2. Increased Property Value
According to recent news[3], Orlando is one of the top cities in the US where going solar has become quite a factor in increasing the home values of residential and commercial properties by 4%. That’s an increase of $10,000 if the value of your home is $250,000.
3. Renewable and Sustainable Energy
We can all agree that a solar-powered home is better for everyone than one powered by natural gas, regardless of your intentions, whether you go solar for environmental or moral reasons. Due to Florida’s net metering legislation, any excess solar energy can be fed back into the grid, benefiting the entire neighborhood. (Don’t worry, the utility companies give you credit per watt.)
4. Freedom From the Grid and Energy Companies
Without being reliant on the grid, you can switch to solar. One of the most philosophical justifications is this. The neighborhood utility provider has no authority over your residence. You may learn more about installing solar panels in Orlando houses from one of the many reliable solar firms in Orlando. These solar contractors can assist you in making the switch to an energy-efficient home, which will result in years of significant electricity bill savings.
5. Federal Tax Credit and Additional Solar Incentives
Florida has been known to have several environmental laws that are helpful in electricity reduction, and residents have taken advantage of the several income deductions. For instance, the Orlando Utilities Commission will compensate its clients $.05 for each kilowatt-hour that their systems generate, which includes the electricity they consume. Meanwhile, homeowners can deduct 26% of the cost of solar panels that were fully installed within the year on their tax returns for 2022, thanks to the ITC. This includes the system, labor expenses, energy storage equipment, and other factors[4].
In Conclusion: Is Solar Installation Worth it?
Yes! Going solar is indeed a good investment in Orlando. Solar panels pay for themselves in the majority of locations, while specific factors, such as the price of electricity, available incentives, the climate, and sunlight angle, will all have an impact on how quickly you break even in comparison to other locations.
But other than that, you’ll be able to enjoy the rest of the benefits offered by solar energy once you contact us right away for a free quotation with our solar installation services! Reach out today, and we’ll gladly help you choose which one of our services and products is the most suitable solar solution for your property.