Florida is a very solar-friendly state in the United States and only ranks behind California and Texas for total solar capacity installed. With solar being such a popular option in the Sunshine State, you’re probably wondering, “Is solar worth it in Florida?”
Continue reading to learn some of the main benefits of installing solar panels in Florida and why this investment is worth it for so many homeowners.
Florida’s Sunny Days
Florida is considered the Sunshine State for a reason; it experiences approximately 230 days of sunshine every year. For homeowners, this means your solar panels will be working at maximum efficiency for the majority of the year. This makes solar worth it in Florida because you can produce more energy with fewer solar panels compared to states that have less annual sunshine.
Favorable Net Metering Policies
Net metering is a billing process where customers can get compensation from their utility companies for any excess solar energy that is returned to the grid. Most homes generate more solar energy during the day than is needed, and the excess energy can be returned to the grid to use at night due to net metering.
In Florida, any excess solar credits can be used for up to a year. So, for example, when your electricity use goes up in the summer due to increased air conditioning, you can use credits earned during prior months to make up the difference on your bill. Put simply, you will be credited at full retail value for every excess kilowatt of energy that is generated by your solar panels in Florida.
Boost Property Value without Increasing Property Tax
Solar panels add significant value to your home in Florida. Typically, any home improvement project that increases your home’s value will also increase your property taxes. In Florida, however, all solar systems (including battery storage) are exempt from property taxes.
This means you can enjoy higher resale values without paying hundreds more in property taxes each year. As an added bonus, solar panels are also exempt from sales tax in Florida, making them even more worth it in the Sunshine State.
Federal Tax Credit
Floridians can also enjoy a 30% federal solar tax credit when they purchase their solar system with cash or finance with a solar loan. In other words, eligible homeowners can receive a dollar-for-dollar reduction in their federal income taxes equal to 30% of the total cost of their solar system (including battery storage).
Yes, Solar Is Worth It!
Is solar worth it in Florida? In short, absolutely. Florida is one of the best states in the U.S. to install solar panels due to the abundant sunshine it receives, the favorable net metering policies, and the 30% solar tax credit that reduces the cost of installing a new solar system.
Solar Optimum is an award-winning solar energy installer in Florida. You can count on us to assist you in every step of your solar installation — from the initial design to financing and installation. Contact us to get started with a free quote!
