Florida Solar Panels Your Home

Another calculation that potential solar buyers have to consider is the solar payback period.

Florida solar panels your home. Florida power light fpl property tax exemption. The tampa solar panel savings calculator uses our database of electric rates from local utilities to convert your monthly power bill into how much electricity your home uses. Alongside the utility savings this is a great selling point when listing your home on the real estate market. In today s environmentally conscious world solar panels are becoming increasingly popular additions to homes in odessa florida and nearby areas.

You are instead legally mandated to connect your panels to your. On a cost per watt w basis a solar panel installation in florida ranges in price from 2 25 to 3 05. When you buy your solar panels they exempt from sales tax that saves you 6 right up front. Thanks to power company rules it s impossible across florida to simply buy a solar panel and power your individual home with it.

The value of your home goes up by up to 20 for every 1 you save in electricity per year. Despite the middling grade homeowners who install solar panels in florida can see decent returns with nearly 40 000 in net savings over time. Florida does see homes with solar energy systems as more valuable and rewards that through an exemption on property taxes. Have solar panels installed on your home in odessa fl or a nearby area lower your monthly power bill.

Thanks to florida s property tax exclusion for residential renewable energy property your solar system will not result in any additional costs on tax day. Florida s average cost of a solar panel installation ranges from 11 262 to 15 238. And while the cost of solar panels has dropped more than 70 since 2010 according to the solar energy industries association batteries can cost as much as 10 000 to 15 000 including installation according to solar united neighbors. In those events you have to rely on a generator or buy a battery backup for your solar system.

Not so with solar. This term tells us as at what time you will recover your. Despite the substantial cost to install solar power in florida your property and the resulting boost to your home s selling price you will be exempt from paying taxes on the value added to your home.