Benefits of Solar Energy
Solar energy comes with multiple advantages. Here are some highlights.
- Better energy independence: Solar systems with energy storage work through blackouts and emergencies, and you won't have to depend on the electrical grid for your safety and well-being.
- Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can lower or beat your home's dependence on "traditional" sources.
- Lowered energy bills: With solar panels, you produce power without paying the tacked-on costs of grid-connected power. You can eliminate your bills completely if you go off-grid.
What Solar Incentives Are Available to Altamonte Springs Homeowners?
Florida homeowners who decide on solar could qualify for tax credits, special financing, rebates and reimbursements. Here are just a few of the local incentive programs.
Incentive Type: Sales Tax Incentive
Incentive Type: Property Tax Incentive
Residential: 100% of the added value
Non-Residential: 80% of the added value
Incentive Type: Rebate ProgramWebsite: ouc.com
Window Film or Solar Screen: $0.55 per sq. ft.
Energy Star Windows: $1.50 per sq. ft.
Ceiling Insulation Upgrade: $0.10 per sq. ft.
Heat Pump: $90-$1,630 per unit
Duct Repair/Replacement: 100% of cost up to $100
A/C Proper Sizing w/ R-30 Attic Insulation: $90
Energy Star Heat Pump Water Heater: 100% of cost up to $500
Solar Thermal Water Heater: 100% of cost, up to $900
Solar PV System Battery: $2,000
Incentive Type: Performance-Based IncentiveWebsite: ouc.com
Solar Therm: $900 rebate
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Altamonte Springs
Choosing a company is the first step toward an effective and cost-efficient solar array. Consider each of these aspects in your company search.
Licensing and Training
Once an electrical professional in Florida has four years of field experience, including one year as an apprentice, they can take two tests to earn a CV license with the Florida Construction Industry Licensing Board. The Sunshine State also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. You should also visit a company's website to learn about its private credentials. Two of the most recognized are the PV Installation Professional and Solar Heating Installer certificates, granted by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Altamonte Springs
The type of solar panels you select decides how much power you can generate. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can boost your solar system's performance. Not all solar providers offer these additional features, so look for a company that sells them if it's a priority for you.
Generally speaking, it will cost about $16,050 for a five-kilowatt solar array in Altamonte Springs. This table lists more specific prices for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Altamonte Springs
Choosing the best financing solution will affect your overall solar system cost and expected savings. Common payment options include loans, leases, power purchase agreements, and cash payments. We suggest paying with cash or securing a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to use your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We recommend working with a contractor that offers multiple financing options. Speak with each representative about what's available, and secure more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Altamonte Springs.
A 26% federal tax credit applies to recently-purchased solar equipment purchased through 2032. Additional incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Altamonte Springs
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Altamonte Springs?
Will solar panels improve my Altamonte Springs home price?
How do I care for my new solar system?
What's the average solar system size in Altamonte Springs?
How long does it take to pay back a solar loan in Altamonte Springs?
Should I get quotes from multiple Altamonte Springs solar companies?
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