Are Solar Panels A Good Idea In Florida

How are you financing your solar panel system.

Are solar panels a good idea in florida.

Solar installations are realistically available only to homeowners who are financially secure and have good credit. Solar energy is the state s most abundant energy resource and estimates have placed the state s potential at 2 902 gw which would produce about 5 274 479 gwh an amount much larger than the state and countries s total electricity consumption of 231 210 gwh and 4 125 060 gwh in 2010. Florida power and light alone generates 25 000 megawatts of electricity per year. For example the federal tax credit of 30 is attractive only to those with the income to generate a tax liability high enough to take advantage of it.

Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation. And yet 8 5 megawatts is not exactly a massive amount. Even the incentives are designed for those with a decent level of income. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands.

While abundant sun is one of the best reasons to go solar in the sunshine state 1 it s also a good idea to learn about the other florida solar programs available to you. The flexibility you get with solar panels especially combined with a home battery can make it easier to choose when to use power from the grid. The final word is this. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

Solar panel manufacturing has some environmental impact. Chris zuppa the penny hoarder you might think that owning a solar system would ensure 24 7 access to electric power even when the grid goes down from hurricanes or other disasters or accidents. Solar rebates and tax credit in florida. While that s a lot of money this is rarely the amount you ll actually pay after all incentives are factored in.

Florida is one of only two states with no potential for conventional wind power the. Get the figures for your home. This puts an average 6 kw solar system at 16 200 before claiming any incentives. While the power that solar panels generate is emission free it is important to note that there is some pollution associated with the manufacturing of solar panels.

Thanks net energy metering tax exemptions and the federal solar tax credit owning a solar system and battery storage can help you gain energy independence and peace of mind. Some solar panels contain harmful pollutants like sulfur hexafluoride which is more potent than carbon dioxide. A major roadblock to the growth of solar in florida is the. While solar leases and power purchase.