The use of solar energy is one of the fastest-growing home and property improvements across the state of Florida. The Sunshine State is starting to gather many new solar users because property owners are realizing the yields that a solar system can provide for their homes. Many parts of the state receive sunshine almost year-round and it can be easy to generate enough power to manage a full property and gain credits back from the utility company. Searching for solar companies in St Petersburg FL? ESD Soar is the premier solar company in the Tampa Bay area! Our expert contractors can build a solar panel installation tailored perfectly to the specifications of your home, this will allow it to generate the optimal amount of power!
Making The Environmental Choice
The majority of electricity in Florida comes from burning fossil fuels like coal. Florida, unfortunately, does not have a coal mining industry and the majority of the coal that is brought into the state of Florida requires strenuous import, which generates even more greenhouse gases. Importing coal across the country drives up the price of electricity as well. Florida energy companies are increasing their rates annually, solar energy allows you to get around this! There are many federal and state tax incentives that are making solar a lucrative choice. Most Solar panels from solar companies in St Petersburg FL can be paid off within 6 to 8 years and as the price of energy goes up, the payback period can go down because the owners of the solar system can lock in their rate for energy.
There are a number of benefits that make choosing solar energy an easy option for homeowners and commercial businesses!
Net metering is a system that essentially has your power meter running backward. Your solar panels will be hooked up to the grid and any of the extra power that is generated will go to the utility company to power the homes of your neighbors. You’ll be given a credit for the amount of power that your home is able to generate and you’ll receive consistent power even when there are days when your solar panels are not producing energy as efficiently due to cloud cover or bad weather.
Property Assessed Clean Energy Loans
In St. Petersburg, you can also qualify for a PACE loan to handle the cost of the improvements for your home. As installing solar panels can improve the value of your home, it’s considered a home improvement. PACE loans can be used to help you fund 100% of your solar panel installation!
Sales Tax Exemption
Sales tax on materials for your solar installation usually falls between 6 to 8% of the overall costs. Because Florida is trying to encourage more homeowners to install renewable sources of energy, solar panel materials can be completely exempt from tax in the state of Florida.
Property Tax Exemptions
Solar panels will increase the value of your property but with the Florida property tax-exempt law, you will never have to pay these costs in your property tax!
Federal Tax Credits
The IRS also offers a 26% tax credit on the cost of solar power systems that you can receive in your tax return. After 2020 this incentive is decreasing to 22% so it’s important to take advantage and get your solar panels installed this year! Solar companies in St Petersburg FL are a dime a dozen, don’t bother with inexperienced roofers trying to offer solar panel services, choose ESD Solar and get them done efficiently and correctly the first time! Contact us today!