fbpx

Solar Panel Tax Rebate in Orlando: What You Need to Know

April 1, 2022

The benefits of acquiring a solar panel tax rebate are well worth exploring in Florida. Switching to solar power should be easy, especially with a leading solar panels company in Orlando like PES Solar to streamline the process. That way, any local customer can start leveraging their new solar energy system, including the tax rebates.

Below, the PES Solar experts discuss a few of the most prominent considerations that are convincing so many customers in Florida to go solar this year.

Federal Tax Return and State Tax Credit in Orlando

The first benefit of changing over to solar power is the cost difference. The average installation cost seems much less daunting when new customers factor in the federal tax credit for PV systems. The rebate saves quite a bit in solar investment tax credit, making the process of switching over to solar reasonable compared to more mainstream power sources.

Property Taxes

Tax credits are not the only incentive to go solar today; solar panels on a house also garner other unique benefits in Florida. For example, adding solar to your home will typically increase its potential property value with would-be homebuyers. Property tax on Florida homes also remains constant through the transition, which means that homeowners can enjoy the increase in value without paying more in taxes!

Sales Tax

Did you know that you will not pay any sales tax on solar installation as a Florida resident? Adding sales tax to the average installation cost boosts it significantly, so the savings are huge! Supplement that figure with all the money that you can save on utility bills after switching systems, and the benefits far outweigh any initial output.

Power Bill Reduction

One of the most significant areas solar panels will let a homeowner save on future monthly utility bills. You will certainly pay less per month once a company like PES Solar installs panels onto your home’s structure, as the solar panel’s conversion chips away at your electricity usage per kWh.

Most Orlando homes can sport a 5kW solar panel system, which generates up to 6,750 kilowatt-hours per year each. It can reduce the average home’s cost of electricity significantly. As Orlando is one of the sunniest places in the United States, cost savings are even higher than in other parts of the country.

Is Solar Power in Orlando Worth it?

So, could switching to solar be one of your biggest money-saving decisions in the coming year? Absolutely. If you do make this leap, it will also show its value in the years going forward. With PES Solar, installing solar power for your Florida home is quick and easy. If you are ready to start saving on energy use and long-term costs with a solar installation, be sure to ask us more about solar panel vs. generator costs and benefits. Call PES Solar at (800) 650-6519 today and let us answer all your questions about the potential solar panel tax rebate and much more.