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Installing Solar Panels in Florida 2024

Installing Solar Panels in Florida 2024

Installing Solar Panels in Florida 2024

According to the Solar Energy Industries Association, there is more than 162 gigawatts of installed capacity of solar energy in the United States. These solar systems aren’t evenly distributed throughout the United States. Several states lead the nation in terms of solar panel installations, including California, Texas, Florida, Nevada, North Carolina, and Arizona. Installing Solar Panels in Florida is widespread and increasing in popularity.

Florida’s solar capacity is 12,877 megawatts, enough to power almost 1.5 million Florida homes using solar panels. In 2022, four Florida cities will be among the leaders of the nation in solar power: Jacksonville, Orlando, Tampa, and Miami. Solar panels provide 6.4% of Florida’s power today. More than 12,260 people work in the Florida solar industry. Florida has the highest solar irradiance of the Eastern United States. This means that well-located systems will produce excellent solar output.

Florida is the third-largest solar market in the United States, which means there are many opportunities for professionals working with renewable energy. We’ll explore why Florida has such a strong industry and why there are so many solar panel installations.

Solar Panel Installations: Florida Considerations

Florida homeowners and business owners are interested in how much they can save on their electric bills and how fast the photovoltaic solar panels will pay for themselves. Not all Florida properties are suitable for solar panels, even though many have excellent solar resources. Solar companies must provide accurate and reliable information to customers to help them make informed decisions.

Florida Grid Electricity Prices

Florida’s average residential electricity cost per kilowatt-hour (kWh) is 15.48 cents. This is a little lower than the national average, which is 16.2 cents. Florida electricity rates have increased by just 1.29 cents per kWh over the past year. Solar systems pay for themselves faster when grid power costs are higher. To calculate the payback time for solar panel systems, grid power costs are used.

Florida is served by many electric companies, including Florida Power & Light (also known as FPL), Tampa Electric Company (also known as Duke Energy Florida), and Florida Public Utilities Company. Rates may vary between the different utility companies that serve Florida.

Florida Power & Light (FPL)

FPL is the largest electric company serving 11 million Floridians. Its service area covers the eastern coast of Florida, including Miami, Fort Lauderdale, West Palm Beach, and parts of the greater Tampa Bay region.

FPL is known for its commitment to renewable energy. FPL invested in Florida solar panel projects to become a leader in the solar energy industry. To meet the energy demands of its diverse clientele, FPL focuses on reliability and innovation.

Solar Energy Potential Of The Florida Property

Some Florida properties, despite having great solar resources, have lots of shading and other factors that limit solar energy development. Some properties have poor solar orientations, resulting in a lower solar energy output. Before you get too far in the process, determine if there’s too much shading. It is a great time to determine if your home requires an upgrade of the electrical panel or a roof.

Also, 45% of Floridians reside in properties that have homeowners associations (HOAs). Many customers will need approval from their HOA before they can move forward with a solar project. The Florida Solar Rights Act helps protect your customers against solar ordinances, covenants, and deed restrictions that restrict their use of solar equipment.

Florida Solar Energy Incentive Programs: How to Qualify

Not all your customers qualify for the federal tax credit. Solar leasing, power purchase agreements, and other similar arrangements do not qualify. The homeowner must also have enough tax liability to qualify for the credit. If a Floridian is unable to use the tax incentive, then a solar lease or joining a Community Solar Farm may be a better investment.

Florida Solar Panel Incentives

In Florida, there are several programs that can make solar energy more affordable. The Sunshine State has no active Solar Renewable Energy Credits market, Renewable Portfolio Standard, or solar rebates.

Net Metering in Florida

Florida net metering laws require utility companies to pay their customers for the excess electricity they supply to the electric grid. It allows Florida businesses and homeowners to maximize the value of their solar system without having to use solar batteries.

Florida Solar Sales Tax Exemption

Florida does not charge tax on various types of solar panels. This includes solar photovoltaics, solar pool heating, and solar water heaters. This renewable energy incentive could reduce the cost of solar panels by up to 6%.

Renewable Energy Property Tax Credit

Installing a renewable energy system in a home can increase its value significantly, but it will not affect the property taxes of a business or home. This Florida property abatement law is applicable to wind turbines and geothermal heat pump systems, as well as solar PV panels and lithium-ion batteries.

Solar Panels In Florida: Federal Incentives for Installation

The Investment Tax Credit is available to Florida residents and businesses. This credit can reduce the cost of solar panel installation by up to 30%. The ITC is applicable to all solar equipment such as solar panels, inverters, racking systems, and batteries.

If the client is able to pay enough taxes, then a $20,000 solar energy system can qualify for a federal tax credit of $6,000. Your Florida solar customers won’t see the tax credit benefits until they file their tax returns for that tax year. You should encourage your clients to consult a tax professional to get the maximum benefit from this tax credit.

Solar Panels in Florida: Frequently Asked Questions

Explore some of the most common questions about solar energy in Florida.

What is the average cost to go solar in Florida?

As of June 2023, the average cost per Watt for a residential system is $2.60 before incentives. This means that a 6-kW rooftop system in Florida will cost around $15,600. According to EnergySage, the cost of solar power is lower than the average national price, which is $2.95 a watt. Most homeowners can get a solar loan to pay for solar panels over a period of time.

How long will it take solar panels in Florida to pay for themselves?

If your client is able to use the ITC, then the average payback time for a Florida Solar System is 9.8 years. It is also assumed that they have a good solar resource and are able to take advantage of Florida’s net metering program.

Why should Florida homeowners install solar panels?

Solar batteries have become cheaper in recent years but can still add up to $10,000 or more to the price of a solar power system. The upfront cost of a solar system battery depends on the frequency with which the customer experiences power failures and whether their utility offers time-of-use rates.

This rate structure makes electricity more expensive at times of high demand and cheaper during the night and winter when demand is low. Solar batteries installed in Florida can be used to reduce energy costs for homes and businesses.

Do I require a permit in order to install solar panels?

You will need to obtain a permit for a PV installation in Florida. The permit process ensures the installation of solar panels complies with all local electrical and building codes, safety regulations, and zoning laws.

It is important to contact your local building department or city to find out the specific requirements. They can give you information about the required permits, documentation, and procedures.

Is there a law in Florida that protects solar rights?

The “Florida Solar Rights Act” is Florida’s law protecting property owners from being denied the right to install solar energy systems on their property. This Florida solar law, enacted in 1980, prohibits restrictions on the installation of solar collectors or clotheslines. This law ensures property owners are able to harvest solar power without being subjected to unreasonable restrictions by homeowners’ associations and local ordinances.

Does my HOA have to approve solar panels for Florida?

The Florida Solar Rights Act prohibits HOAs or local governments from banning solar panels on Florida residential properties. While the Florida Solar Rights Act protects homeowners’ rights to install solar panels, it does not exempt them from HOA approval processes.

In Florida, homeowners’ associations are allowed to place reasonable restrictions on solar panel installation, as long as they do not adversely affect the performance or cost of the panels. It’s important to review the guidelines and covenants of your Florida HOA before proceeding with solar panel projects.

Installing solar panels in Florida is a smart idea

Florida has a short payback time and plenty of sunshine, making it an ideal state to install solar panels. Florida is a great place for solar installers because of its net metering laws and the exemption from solar sales taxes. Florida also has a high percentage of electric vehicles that pair well with home solar systems.

Conclusion

Installing solar panels in Florida in 2024 offers a promising venture given the state’s abundant solar resources and progressive incentives. With a solar capacity of 12,877 megawatts and a commitment to renewable energy by major utilities like Florida Power & Light, the Sunshine State stands as the third-largest solar market in the U.S. Various incentives, including the Federal Investment Tax Credit and state-specific benefits, contribute to the economic viability of solar installations. Despite considerations such as shading and HOA approvals, the favorable payback period, coupled with the state’s solar-friendly laws, makes Florida an optimal destination for homeowners and businesses embracing sustainable energy solutions.

Contact Us Today!

Ready to harness the power of the sun and save on energy costs? Contact us today to explore how installing solar panels in Florida can benefit your home or business. Let’s make the switch to sustainable energy together!

Installing Solar Panels in Florida 2024

Installing Solar Panels in Florida 2024

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