Solar panels in Florida are becoming ever popular and are set to increase in popularity in 2021. Solar energy has many benefits—the most obvious of which is the increase in cleaner energy. So, is solar in Florida worth it?
They don’t call Florida the Sunshine State for no reason. While solar has gotten cheaper over the years, many proponents are still hesitant to pursue it due to the cost. Luckily, Floridians can take advantage of various tax credits and/or deductions for installing solar at their residences or businesses.
Ultimately, to benefit from these tax benefits, one must claim the deductions on their tax return. To get a better idea on how much of an impact these deductions will have, an accurate tax calculator must be used. The contractors installing the solar setup will also be knowledgeable on local and federal tax credits and deductions.
Take a look at everything you need to know about solar panels, including costs, maintenance, and the type of power you can expect for your home.
- Solar Panels Are Long-Lasting
On average, solar panels last around thirty years. However, that doesn’t mean that they stop producing electricity. Solar panels can produce energy for up to 50 years. For many people, this means that they only need to purchase or rent solar panels once in a lifetime.
You can also opt for equipment insurance when you purchase solar panels. This means you won’t have to pay any extra costs if equipment fails and needs to be replaced.
- You’ll Get Back What You Put In
The cost of solar panels in Florida is becoming more and more attractive. There are more incentives for turning to solar energy than ever before. For example, the federal tax credit scheme allows you to claim a tax rebate where the installation cost of solar panels is set against IRS taxes.
Similarly, you don’t need to worry about paying extra taxes because you’re making moderations to your property. Solar panels are exempt from tax increases. You’ll also have the opportunity to sell any unused electricity, giving you the option to make money from your panels.
On average, most solar panels start paying for themselves after nine years, making solar power the best long-term choice. For more information, take a look at www.blueravensolar.com/florida.
- Batteries Can Conserve Your Energy
It’s worth investing in solar batteries with your solar panels. The sunny weather will allow you to collect solar power in Florida and the batteries can conserve the collected energy. If you’re in an area that has frequent outages or you want to live without a power line, this can come in handy.
The electricity conserved will be available to you during the night or in the event the power grid goes out.
- Save on Your Bills
Once you start using greener energy, you’ll notice a reduction in your utility bills. The solar power you store from your solar panels will be used in place of the energy you used to purchase from your energy company. The amount of energy you get from your solar panels will depend on the positioning of the panels and the type of panels you invest in.
Is Solar in Florida Worth It?
There are excellent opportunities for gaining many benefits from solar in Florida. Although you will need to pay an upfront cost for your panels and installation, it is an investment rather than an expense. You will see a return on your money in the long term, and there are many tax incentives for turning to solar power.
For more great advice and tips, take a look through the rest of our articles.