In recent years, Florida’s solar potential has surged. The Sunshine State is now number one in the nation for residential solar roof installations. In the first half of 2023 alone, Florida connected 2,499 megawatts of solar-generation capacity to the grid, surpassing additional capacity in California (1,648 megawatts) and Texas (1,292 megawatts). When you consider the unique attributes and demographics of the state, it’s easy to see why Florida homeowners are over the moon about solar. Read on for reasons the Florida solar potential is on the rise.
Potential To Save Money
Homeownership is expensive, and we don’t just mean mortgage interest rates. Once you stop renting, you’re covering the cost of routine maintenance, repairs and utilities. Energy costs can be quite costly. Fortunately, installing solar panels allows you to produce electricity independently and save substantially on your energy bill.
Net Metering Option
Florida’s sunny climate can help your solar panels produce an abundance of energy that you can store for later use. And net metering allows you to sell the energy you don’t use back to the utility company in exchange for credits you can use to offset your costs. With net metering, the right location and solar panel installation, you could have a very low energy bill.
Federal ITC Availability
To incentivize solar panel installation, the federal government offers an upfront Investment Tax Credit (ITC) that can reduce your tax liability by 30%. That credit can significantly offset the costs of your solar installation. It’s also available for prospective buyers who purchase a home with solar panels installed the year they move.
Abundant Solar Energy
Thanks to Florida’s sunny climate, you can benefit from bright skies two-thirds of the year. Not only can you enjoy the beaches and boardwalks more often than not, but your solar panels can be working overtime, converting the sun’s light into energy to power your home. When paired with a solar battery system, you can save solar energy for later use.
Now Easier To Install
A couple of years ago, the word “supply chain” dominated mainstream media. Like many goods and services, solar panels and their components were harder to obtain, given the production and logistical challenges stemming from the pandemic and trade disputes. However, much of the overheated supply chain is now cooling down, making it easier for companies like Solar Optimum to get and install the right solar panels for your home. And with the supply chain cooling down, prices are also coming down.
Generous State Policies
If you’re not yet a Floridian, the Sunshine State boasts friendly fiscal policies that could lure you down South. Not only can you save money with a solar-powered home, but if you move to Florida, you’ll benefit from its lack of property taxes. It may very well be cheaper to be a homeowner in Florida than where you reside currently. On top of that, there’s no sales tax on solar equipment, which can make things even more affordable.
Property Value Increase
Home prices are based on what people pay for houses on the market and according to Zillow, people will pay 4.1% more for a home with solar panels. Prospective buyers see the built-in cost savings a solar-powered home provides. The right solar installation is not only effective at energy production but also attractive, providing your property with extra curb appeal.
Go Solar With a Dependable Provider
In recent years, entrepreneurs have scrambled to take advantage of Florida’s solar potential, making it important to weed through providers to find one that offers quality service and craftsmanship.
Since 2008, we’ve offered homeowners like you solar panel solutions that are just right for your home and are ready to put that expertise to work for you. Download our Ultimate Guide to Going Solar to learn more about the benefits of going solar in Florida or contact us today to start saving money on your energy bills.
