Are Solar Panels A Good Idea In Florida

For example the federal tax credit of 30 is attractive only to those with the income to generate a tax liability high enough to take advantage of it.

Are solar panels a good idea in florida.

Solar energy is the state s most abundant energy resource and estimates have placed the state s potential at 2 902 gw which would produce about 5 274 479 gwh an amount much larger than the state and countries s total electricity consumption of 231 210 gwh and 4 125 060 gwh in 2010. Florida power and light alone generates 25 000 megawatts of electricity per year. Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation. Even the incentives are designed for those with a decent level of income.

The final word is this. Solar panel manufacturing has some environmental impact. Florida is one of only two states with no potential for conventional wind power the. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in.

Some solar panels contain harmful pollutants like sulfur hexafluoride which is more potent than carbon dioxide. Chris zuppa the penny hoarder you might think that owning a solar system would ensure 24 7 access to electric power even when the grid goes down from hurricanes or other disasters or accidents. Solar installations are realistically available only to homeowners who are financially secure and have good credit. And yet 8 5 megawatts is not exactly a massive amount.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. A major roadblock to the growth of solar in florida is the. This post should give you an idea of how much you can save with solar. Get the figures for your home.

Thanks net energy metering tax exemptions and the federal solar tax credit owning a solar system and battery storage can help you gain energy independence and peace of mind. How are you financing your solar panel system. The flexibility you get with solar panels especially combined with a home battery can make it easier to choose when to use power from the grid. While abundant sun is one of the best reasons to go solar in the sunshine state 1 it s also a good idea to learn about the other florida solar programs available to you.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Solar rebates and tax credit in florida. The average cost of solar power in florida is 2 70 watt as of january the lowest cost in the entire country. This puts an average 6 kw solar system at 16 200 before claiming any incentives.