Solar is more efficient and affordable than ever before, and now is a great time to go solar in Florida. Between the 26% federal solar tax credit, solar co-op programs, net-metering, and pro-solar governmental policies on the state and national levels, there has never been a better time for Florida homeowners to make the switch to solar.
26% Federal Solar Tax Credit
The 26% federal solar tax credit extended into 2022, and that is great news for Florida homeowners who have been looking to make the switch to solar. The tax credit covers the total cost of the solar project, from planning to installation. The 26% federal tax credit is not guaranteed to extend any further, so Floridians should not delay in taking advantage of the massive solar tax savings.
Solar Co-Op Programs
Solar is in demand, and the power of collective bargaining, through solar co-op programs, drives solar costs down. Co-op programs get people together to create more bargaining power for solar, making solar more affordable for everyone. Julia Herbst from the Tampa Bay Times explains solar co-ops like this, “It’s called a ‘solar co-op’ and it allows you to go solar with your neighbors for a great group rate. Imagine walking into a solar company’s office with 50 or 100 of your neighbors and saying, ‘We all want to get solar. What kind of deal can you give us?’ That’s a solar co-op.”
Two of the largest solar co-ops in Florida are the Greater Tampa Solar Co-op and Greater St. Pete Solar Co-op. Hillsborough county falls within the Greater Tamp Bay Co-op and Pineless County under the Greater St. Pete Co-Op. Joining a co-op is free, and the benefit of collective bargaining for solar can save thousands of dollars for homeowners who may not otherwise be able to afford solar on their own.
Florida homeowners can take advantage of net-metering programs. Net-metering allows homeowners to sell the excess solar energy back to their utility company. The extra power produced by consumers puts less burden on utility companies, which cheapens the bill for homeowners. Homeowners sell their excess energy in kilowatts, and the utility company pays for the power in credits on utility bills. Combine solar’s energy efficiency with the ability to sell the extra energy, and homeowners are looking at some hefty savings from solar.
Pro-Solar National and State Policies
On a national level, President Biden signed an executive order that strengthens the Buy America Act. The Act aims to prioritize domestic manufacturing and production. The federal government has made it clear that it wants cleaner, more sustainable energy. According to the White House, “This order is deeply intertwined with the President’s commitment to invest in American manufacturing, including clean energy and critical supply chains, grow good-paying, union jobs, and advance racial equity.” Bob Keefe, executive director of E2, a business group that advocates for clean energy jobs, had this to say about the federal government’s commitment to clean energy, “It sends a signal to the market that the federal government wants to buy a lot of solar panels, and they want them made in America. Somebody is going to figure out how to do that. It’s as simple as that.” The federal government is committed to the domestic production of clean, sustainable energy.
Florida continues to fight for solar. Even last month, Duke Energy Florida laid ground on two new solar plants that will bring power to nearly 50,000 homes. Two more plants will be coming online to get the solar capability to almost 50,00 homes of the spring. Not only is Florida building more solar plants and creating more solar jobs, but Florida is saving its homeowners money by giving them property tax and sales tax exemption on solar projects.
Make the Switch to Solar Today
The time to switch to solar has never been better with the 26% solar tax credit, solar co-op programs, net-metering opportunities, and favorable federal and state policies. Region Solar is here to help you make the switch to solar today. Contact us for your free solar consultation.