Should I Invest in Solar Panels in Clearwater FL?
Investing in solar panels in Clearwater FL can be a smart financial decision. Not only can solar panels save you money on your energy bills in the long run, but they can also increase the value of your home. With Florida’s abundant sunshine, solar panels can produce a significant amount of energy, which can offset the cost of purchasing and installing them.
Additionally, there are various government incentives and programs available to homeowners in Clearwater who choose to invest in solar panels. These can include tax credits and rebates, which can make the initial cost of purchasing and installing solar panels more affordable. It is also worth noting that as the technology improves, the cost of solar panels continues to decrease, making it a more accessible option for homeowners. Overall, investing in solar panels can be a smart financial decision for Clearwater homeowners, not only for the immediate savings on energy bills but also for the long-term value it can add to their homes.
How Much Sun Does Clearwater Receive?
Clearwater and Tampa Bay are ranked third in Florida’s annual sunshine hours. Clearwater and Tampa Bay are ideal locations for solar panel installation. The sunny day count increases the further south you travel. Clearwater has 240 sunny days a year in its subtropical climate, which is significantly more than the average US of 205. Sunny days are common even in winter. This is why so many people travel south to spend winters there. Solar power produces an estimated 44 percent more energy than the rest.
Would Solar Panels in Clearwater FL Save You Money?
Clearwater, Florida solar panels can save you a lot of money. If your current electricity bill is $200 per month, then you will be paying $103,062 to the power company over the next 25 years (assuming an inflation rate of 4.4%). You’ll only pay $11 per month if you go solar. The savings can be dramatic when you add Net Metering. Clearwater, FL ranks among the top in energy bill savings in America.
How Long Will It Take to Pay for Itself?
Clearwater’s solar costs will pay for itself in between 8-10 years. Although it may seem long, this will be an opportunity to make money on your current energy bills. These factors can also impact the cost of covering costs.
- Your electricity consumption
- Your solar system’s size
- How much power do you use each day?
- Your electric rate plan
Property Value Growth
Clearwater, FL homes increase in value by an average of 4%, according to research. This is more than $9,400 for an average-valued house. You could get even more depending on the features and size of your solar system. Property buyers will be more willing to pay more to have solar installed on their property because they know the benefits.
What Solar Incentives Are Available?
There are several solar incentives available in Florida to help offset the cost of installing a solar energy system. Some of these include:
Federal Solar Tax Credits
Federal Solar Tax Credits are a way for property owners to save thousands of dollars on solar installations in Clearwater. Also, federal incentives allow taxpayers to deduct 22% of their solar costs from their next income taxes. This effectively reduces solar installation by 22%. This 22% discount covers all costs of installation, including labor and equipment. So act quickly.
How Do I Apply for Solar Tax Credits?
- Complete the IRS Form 59665
- Add the Tax Credits on Form 1040
Clearwater, FL PACE Financing
PACE Financing (Property Assessed Clean Energies Financing) provides an incentive to finance the upfront costs of solar energy in Clearwater, FL. Property taxes must be paid to repay the payment. PACE Financing helps people who otherwise would not be able to afford clean energy.
Net Metering tracks how much excess solar energy your panels send to the grid, and how much you purchase from the grid. This calculates the difference, which can often reduce your energy bill or, ideally, make you money. Florida law requires utilities to pay the retail value of each unit you provide to the grid.
Property Tax Bills
Your property will be able to benefit from solar power. This is great news for those who want to sell their property. The new value of your property will be exempted from tax.
Clearwater Solar Panels Can Withstand Storms
The warm waters of Clearwater, FL’s Gulf of Mexico, and the Atlantic are ideal for hurricanes and intense tropical storms. The hurricane season in Florida runs from June 1 through November 30. While the majority of hurricanes don’t reach landfall, history shows that they can.
The best solar panels can withstand Florida’s severe storm season. They must withstand strong winds, as per state regulations. Strong winds up to 175 MPH are required for the best. They can also deflect branches and stones.
Save Money on Energy Costs With ESD Solar
Are you tired of rising energy costs in Clearwater, Florida? ESD Solar is here to help you take control of your energy expenses. By installing solar panels on your property, you can significantly reduce your reliance on traditional energy sources, and in turn, save money on your monthly energy bill.
Not only will you save money in the long run, but you will also be investing in a sustainable future. Solar energy is a clean and renewable source of power that reduces your carbon footprint and helps to protect the environment. Plus, with government incentives and rebates available for solar panel installations, the cost of going solar has never been more affordable.
Areas We Serve
Don’t wait any longer, contact ESD Solar today and start saving money on your energy costs in Clearwater, Florida.