Florida tax rebates and solar programs.

Solar is sales
tax exempt

There is a program called the Solar and CHP Sales Tax Exemption.
This is a savings of 6%-7% sales tax on all solar purchases.
A nice reward for going gree
n!

Florida Net Metering.

Net metering will allow you to sell your extra solar power back to the grid. Most people are away from their homes during the day when the sun is working its hardest. Any extra power not used can be sold back to the grid for example. FPL allows customers to install systems up to 115% of their current energy need. Your credit will be applied to your electric bill. Some months solar owners make more power and some months they make less. On the months where it made less you can use your credits. Whatever is left over at the end of the year FPL will compensate the customer. You cannot roll over credits into the next year.

Florida’s Property Tax Exclusion for Residential Renewable Energy Property:

Adding a solar system to your home is definitely an improvement. Generally home improvements will cause your property taxes to go up but with the property tax exclusion they won’t factor in your solar addition. Adding solar is also a wonderful selling feature for your home. Imagine telling future buyers they’re getting a home with virtually no electric bill. Solar just makes sense.

Federal Solar Tax Credit

This is the biggest reward for going green. This tax credit is also known as the Investment Tax credit. This credit takes almost a third off of your solar purchase and is given back to you as a tax credit. You must have enough income for the tax credit to be applicable.

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