The adoption of solar panels as an alternative source of energy has increased rapidly over the past decade. Homeowners and commercial investors are increasingly embracing eco-friendly and cost savings associated with solar energy. But is solar worth it in Tampa?
Solar-Friendly Region in Florida
Whether you’re a new or veteran homeowner in Tampa, you have to acknowledge the long sunny days. As one of the most solar-friendly regions in Florida, Tampa receives an average of 244 sunny days annually. This is higher than the United States average of 205 days of sun, making solar panels an ideal investment for homeowners in this region.
Florida Solar Incentives
Nicknamed the Sunshine State, Florida has taken great steps to enable property owners to harness the benefits of solar energy. The federal, state and local governments provide incentives in rebates and tax credits. Some incentives offered to Tampa residents include:
- Sales tax exemptions on solar energy systems and other related commodities
- Property tax exemption
- Federal solar tax incentive
Dropping Prices of Solar Panels
The cost of installing solar panels has been constantly decreasing in recent years. Advanced technology and increased competition among manufacturers in Tampa have increased affordability and installation costs for solar systems.
Benefits of Going Solar in Tampa
The initial installation cost for solar in Florida can be pretty high. However, the benefits realized over a long period outweigh the upfront cost.
Lowers Energy Cost
Florida is one of the most energy-intensive states in the U.S. Electricity rates are also quite high, hiking energy bills for homeowners. Hence, going solar is convenient for homeowners to reduce monthly energy bills.
Increases Your Home Value
Installing solar increases your property value by approximately 4.1% in Florida. For a typical home priced at $400,000, that’s a value increase of about $16,000. In more pricey regions like Tampa, the value is even higher. Also, with the current tax exemption on solar installation, your property tax doesn’t go up with the value.
Reduces Your Carbon Footprint
Choosing clean energy reduces reliance on fossil fuels, minimizing your carbon footprint. This can help you live a more sustainable lifestyle and help improve the environment.
Gives Great Net Metering Benefits
You may have heard that solar energy can lead to negative electric bills. This implies that when you generate excess electricity, the electric company can pay you for the excess feeds to the grid based on net metering policies in your region. Florida net metering regulations apply to four “Investor Owned Utilities” including:
- Tampa Electric Company
- Florida Public Utilities Corporation
- Duke Energy Florida
- Florida Power & Light
Take Advantage of Tampa’s Sunny Days
Going solar in Tampa is a no-brainer. Whether you’re considering installing solar on your home or commercial property, contracting a professional company can make a huge difference. Contact us to learn more about the benefits of going solar in Tampa, or download our Ultimate Guide To Going Solar.
