SOLAR TAX INCENTIVES IN FLORIDA

If you are looking to go solar by 2021, the tax incentives in Florida may be able to help with installation costs. You need to act quickly if you want to receive solar tax credits or avoid volatile equipment price increases.

Here are the reasons why you should lock in pricing immediately:

SOLAR TAX INCENTIVES FOR FLORIDA 2021

The Florida solar tax incentives are great for anyone who wants to install new solar panels or batteries in 2021. They will save you thousands of bucks, regardless of the cost of your solar installation.

Florida’s solar tax incentives can help you save 26% this year. This is equivalent to $7,800 for a $30,000 install.

NOW IS THE TIME TO ACT!

However, time is running out. The Florida solar tax incentives drop each year. It will drop to 22% by 2023 and 0% in 2024.

It is unlikely that the Florida extension of solar tax incentives will be extended again. The solar tax credit has been cut for years, it was 30% in 2019

Many customers have regretted delaying in 2019 as they now pay much higher. Don’t be one of them. Save thousands by taking action now

SOLAR EQUIPMENT PRICE RISES!

COVID-19 has also been wreaking havoc in the solar power sector – which has had an adverse effect on customers.

Since the outbreak of the pandemic, key materials, panels, and shipments have been delayed leading to intense competition in the U.S.

This has caused prices to soar and forced customers to face long wait lists or pay more than usual.

It is now possible that the prices of solar equipment will rise once again this summer, which is a concern.

GLASS SHORTAGE CRISIS

Australia and India are already feeling the heat as China faces a serious glass shortage. This has caused glass prices to rise 71% since July 2020, and it could continue to rise this year.

According to some forecasts, the solar industry may run out of glass by 20-30% between now and summer 2022. Act quickly to prevent these rising costs.

MAKE SURE THAT YOU ARE AT THE FRONT OF THE QUE

There will be a long wait for solar power installations, with COVID-19’s effect on daily life expected to end soon and people eager to spend their earnings and receive stimulus checks.

Florida Power Services is fully-stocked to service your installation in 2021. We urge you to act quickly and not wait for the competition.

You could be on the waiting list for 2021, 2022, and 2023. It doesn’t matter if you are a homeowner or commercial property owner; being in the front of the line could mean the difference between saving thousands and spending thousands of dollars.

AM I ELIGABLE FOR SOLAR TAX INCENTIVES in FLORIDA?

You must meet the following criteria to help you save thousands of dollars through Florida’s solar tax incentives:

RESIDENTIAL SOLAR TAX CREDIT REQUIREMENTS

  • Your solar installation must be completed before 2022 ends and generate energy for your home.
  • You must be the property owner and not a tenant.
  • The solar panels must be yours, and not leased.
  • All fire and electrical codes must be followed.
  • Also eligible are solar systems that have been purchased with loans.

BUSINESS SOLAR TAX CREDIT REQUIREMENTS

  • Your solar installation must be completed before 2022 ends and generate energy for your home.
  • Someone who is paying U.S. Income Taxes must use the solar system.
  • This does not apply to churches, schools, charities, or other tax-exempt entities.
  • The generated energy cannot be used for heating a pool.

FLORIDA SOLAR TX INCENTIVES: WHAT EXPENSES WILL BE COVERED?

These Florida solar installations can be slashed by 26%

  • Solar PV panels and PV cells
  • Everything from site preparation to permit fees, contractor labor costs.
  • Installation and balance of system equipment, including wiring, mounting, and inverters.
  • Solar panels are the only source of energy for storage devices that can be charged with electricity, such as off-grid batteries or battery backup banks.

HOW DO I CLAIM SOLAR TAX CREDITS?

You should follow these steps when you file your tax return

  • Check your installation starts before December 31, 2021.
  • Receipt any receipt relating to the cost of solar panels or solar power.
  • Complete the IRS Form 596.
  • Add the Tax Credits on Form 1040.

FLORIDA SOLAR TAX INCENTIVES ON NEW RESIDENTIAL HOMES

Florida Solar Tax Credits are available to homeowners who purchased a new home built in 2021 using solar energy and now own the system.

The company leasing the solar system, or purchasing electricity from it through a power purchase arrangement (PPA), will claim the tax credits.

CONSIDER OUR FLORIDA FIXED RATE SOLAR LOONS

Need more financial assistance? Consider our Florida fixed-rate solar loan at only 0.99% APR

Your monthly payment will be lower than your utility bill. This means you can get solar in Florida as soon as possible and begin earning money through net metering.

LIMITED FUNDING AVAILABLE

The fixed-rate loans for solar energy in Florida are very limited so act quickly to get your spot before anyone else!

This relatively new option for financing has attracted significant interest. Places are selling quickly.

This post was written by Daniel Massaad, owner and expert solar technician at Energy Solutions Direct! ESD is one of the top solar panel companies in Florida! Our licensed and certified contractors are masters of their craft; with years of experience servicing the great Tampa Bay area and beyond, the choice is simple. ESD excels at offering you the best in solar value!

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