Florida residents are experiencing higher electricity bills this year due to soaring natural gas prices, with no relief in sight. Read on to discover how much your bills might increase and how solar power can empower you to take control of your energy costs.
Current Rate Increases in Florida:
- Tampa: TECO Energy has raised its bills by 10%, while OUC customers are seeing an increase of $13 monthly. This jump is a substantial burden for many families and businesses.
- Orlando: Customers of OUC will face an additional $13 added to their monthly electricity costs.
However, by going solar, you can stabilize your electricity rates and generate your own power from the sun—essentially saying goodbye to those hefty bills!
Why Solar Power is an Excellent Option for Floridians
Solar power offers numerous advantages for Florida residents:
- Lower Electricity Costs: With Florida’s abundant sunshine—one of the sunniest states—solar panels can generate significant electricity. Many homeowners find they can pay off their solar panel costs within just a few years.
- Protection Against Rising Rates: As electricity costs are anticipated to rise in the years to come, installing solar panels can shield you from these increases by locking in rates for 25 years or more.
- Home Value Increase: Solar panels can boost your property value by up to 4% due to their energy efficiency and appeal to potential buyers.
- Environmental Benefits: Solar power is a clean and renewable resource. Transitioning to solar contributes to reducing your carbon footprint and safeguarding the environment.
Considering a Switch to Solar?
If you’re exploring options for your home energy needs, solar might be just what you need. That said, not every residency is ideally suited for solar. Key factors like regional sunlight, roof size and angle, and proximity to trees can all affect your solar potential.
This is where solar companies provide a Sun Number Score, allowing customers to evaluate potential savings with solar energy.
Solar energy is indeed a customizable choice that aligns with your home and energy demands. Regardless of where you live, solar likely has the potential to help you save money and lessen your carbon footprint.
Florida Solar Incentives
Florida presents a variety of financial incentives to encourage homeowners and businesses to go solar, including:
- Federal Solar Investment Tax Credit (ITC): This allows you to deduct 30% of the total cost of your solar system from your federal income taxes, applicable to both homeowners and businesses.
- Sales Tax Exemption for Solar and CHP: Florida waives sales tax on solar and combined heat and power systems, which can lead to substantial savings.
- Property Tax Abatement for Renewable Energy: Renewable energy systems, including solar, wind, and geothermal, are exempt from property taxes in Florida, helping to alleviate upfront installation costs.
- Net Metering: This arrangement allows you to sell excess solar energy back to your utility provider at retail rates, enabling you to offset your electricity bills with the credits earned.
If you’re contemplating a solar installation in Florida, explore the available incentives and benefits. With an array of financial and environmental advantages, solar power is an outstanding investment for homeowners and businesses across the state.
Getting Started with Solar in Florida
Solar energy presents an ideal solution for Florida residents confronting increased electricity bills. With solar panels, you can reduce your energy costs, safeguard against rising rates, enhance your home’s value, and diminish your carbon footprint.
If you’re ready to make the switch to solar, Freedom Solar is poised to assist you in selecting the perfect system for your needs. We’ll evaluate your property and energy requirements to design a tailored solar solution, managing all necessary permits and approvals during installation.
Contact us today at (800) 504-2337 or complete our online inquiry form to find out how we can help you save on your energy bills.