Florida launches no upfront cost solar program for middle class homeowners florida is one of the best states in the country if you want to go solar but only if you re rich enough.
Free solar panels for home florida.
You can actually get solar panels installed on your home at absolutely no charge to you.
These offers entice people with a no cost way to go solar.
We asked patrick altier owner of the florida based energy company solar trek to explain further.
But wait that s not all not only can you get solar panels installed for free you also get dramatically reduced monthly electricity bills with fixed rates for as long as 25 years.
Florida power light fpl property tax exemption.
When you buy solar panels for your home you receive a 26 federal tax credit plus an additional 5 in savings on us.
If there was any state that you would think would be embracing solar power this would be it.
Plus if they ever decide to sell their home they will benefit because on average solar panels increase a home s resale value by almost 6000 per installed kilowatt.
Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays.
Florida is a little behind the times when it comes to solar power and green energy.
Not so with solar.
Your panels will pay back their cost in a little over a decade and provide you with many years of free electricity after.
But wait that s not all the free solar panels installed on your home are warrantied monitored and maintained by your solar service provider again at no charge to you for as long as 25 years.
Just be wary of lease offers and stick with low interest financing or a cash investment.
Normally when you build an addition or otherwise add value to your house your property tax bills shoot up.
Solar panels increase the value of your home.
But the catch is that they require you to enter into a solar lease or power purchasing agreement ppa.
Alongside the utility savings this is a great selling point when listing your home on the real estate market.
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.
Yes there are legitimate installers that will put free solar panels for your home.
If you re interested for solar panels for home use florida is a fine place for it.
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.
However even though sun run and solar city aren t setup to do business here there are companies that will still offer you an option to get setup with solar power with no money down.
Altier told us that floridians who have solar panels on their homes can use energy from the sun.