Florida is one of the best markets in the United States for solar power installations. When you install a rooftop system in Ponte Vedra, today's best tax incentives and other financial benefits can help you enjoy this renewable resource without significantly impacting your budget.
Have you avoided solar energy installations in the past because you thought photovoltaic panels were too expensive for your property? Now is the perfect time to reevaluate how you feel! Prices in our industry have dropped by 45% since 2016. That means it is more affordable than ever to take advantage of what the sun provides for up to 300 days each year.
When you're ready to explore all the benefits that solar provides, our team is prepared to help! As the region's premier installer of residential solar solutions, we'll ensure that you can achieve the levels of energy independence that you want. From outage protection to carbon footprint reduction, you'll get dividends from this investment immediately.
What Are the Incentives for Solar in Florida and Ponte Vedra?
One of the best reasons to consider solar as a home upgrade is that several financial incentives exist to offset the cost of the photovoltaic panels and installation work.
Although most solar benefits and tax incentives for Ponte Vedra renew each year, you'll want to review the current list before December to maximize your savings. Here is what you can expect with an installation right now.
1. Federal Solar Investment Tax Credit
This tax credit offers 22% off the cost of your installation, and it's available for all purchased systems that get installed before December 31, 2022. It comes from the federal government, which means the savings will come from your tax filing the following year.
2. Home Solar System Sales Tax Exemption
When purchasing a rooftop solar system installation in Ponte Vedra, you receive a 6% sales tax exemption for the transaction. That means you’ll receive direct savings compared to homeowners in other states when making this upgrade for your home.
3. Solar System Property Tax Exemption
Florida allows homeowners who decide to upgrade to a rooftop photovoltaic system to receive a specific exemption on the valuation increase after the work is finished. You won't pay more in taxes annually because you embraced the concept of using renewable energy for your home.
Are You Ready to Explore Solar Energy Options in Ponte Vedra?
Although the average solar energy installation cost has dropped to about the price of replacing all the windows in a home, it can still be a significant expense for many Ponte Vedra homeowners. To encourage this work, many local lenders offer low-interest loans with no down payment required.
Since most of Florida's utility companies use net metering for solar installations, you could use the extra electricity generated from your new photovoltaic panels to help pay for the additional costs!
If you have any questions about today's solar benefits and tax incentives in Florida, give our team a call or contact us at your convenience.