If you are thinking about solar panels for your home, you aren't alone. If you happen to live in Florida, not only are you not alone, but you could earn more than a few incentives as well. That means the answer to the question, are there incentives for solar panels in Florida, is a resounding yes.
There are a few reasons for considering solar panels. Here is a look at some of those incentives, including a tax break for solar panels in Florida.
The Federal Solar Investment Tax Credit (ITC)
This tax credit is one of the most popular in recent history and especially for those going solar. The deadline for the ITC is quickly approaching, however, so the time to act is sooner than later. With the recent events surrounding Hurricane Ian, we wouldn't be surprised to see this tax credit extended.
The Federal Solar Investment tax credit provides a 22% credit on home solar systems purchased by the end of 2022. This isn't the only benefit or tax break for solar panels in Florida. Read on.
The Home Solar System State Sales Tax Exemption
Another incentive on top of the already falling cost of home solar panel systems is the Home Solar System State Sales Tax Exemption. At one time, this tax break for solar panels in Florida was temporary. Then it was extended. Today, all home solar systems in the state of Florida are exempt from state sales tax.
Florida Solar System Property Tax Exemption
Proponents of this incentive might call it one of the more logical and practical tax exemptions to date. The Florida Solar System Property Tax Exemption merely alleviated an obvious hurdle for anyone considering a home solar system, increased property tax.
Additionally, simply living in one of the highest-rated states for solar panels also has its own advantages. First and foremost, these include the possibility of earning credits for the excess energy your home's solar system sends to the grid.
Are there incentives for solar panels in Florida? Yes, and many of them, as we have seen. If you are interested in getting a home solar system, then you will also want an experienced contractor to install those panels.
Contact us at Hercules Construction if you have a construction project or need help with solar panel installation. Let us put our skilled craftsmanship and decades of experience to work for you and get it done with Hercules Construction today.