Benefits of Solar Energy
Solar energy offers multiple advantages that will enhance your home for years to come.
- Better energy independence: Adding a battery storage system lets you have trustworthy energy during grid outages and storms.
- Smaller power bills: Generating some or all of your own electricity will spend less on electricity long-term. Plus, some states offer net metering programs that allow you to sell your extra energy back to the grid, generating additional credits toward your energy bill.
- Reduced carbon footprint: Using clean solar power lowers your dependence on conventional, less environmentally-friendly sources.
What Solar Incentives Are Available to Aventura Homeowners?
Governments and utility companies often incentivize homeowners for embracing solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Sales Tax Incentive
Incentive Amount:
All
Incentive Type: Property Tax Incentive
Incentive Amount:
Residential: 100% of the added value
Non-Residential: 80% of the added value
Incentive Type: PACE Financing
Website: floridapace.govIncentive Amount:
Determined locally
Incentive Type: Loan Program
Website: lakelandelectric.comIncentive Amount:
$5,000
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
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 Aventura
Choosing a company is the first step toward an effective and valuable solar energy system. Here are some essential aspects to remember while shopping for a solar company.
Licensing and Training
Once an electrical professional in Florida has four years of field experience, including one year as an apprentice, they can pass two tests to earn a CV license with the Florida Construction Industry Licensing Board. Florida also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. Solar installers can also obtain certifications from trade groups and standards organizations. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Aventura
Your photovoltaic panels' style will affect how much power you can produce. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total installation cost, but they can improve your solar system's performance. Not all solar providers provide these optional components, so look for a contractor that sells them if it's a priority for you.
If you're a resident of Aventura and want a five-kilowatt solar energy system, you could expect to pay about $16,050 for materials and labor. See more information on specific component and solar panel costs in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,128 |
Solar Polycrystalline | $879 |
Thin-Film | $514 |
Solar Battery | $722 |
Solar Home EV Charger | $2,706 |
Financing Solar Energy in Aventura
There are various ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include power purchase agreements (PPAs), loans, leases, and cash payments. Most solar experts recommend a cash payment or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a car or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally advise against these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be appropriate in particular circumstances. We suggest working with a company that offers multiple financing options. Speak with each representative about what's available, and get more than one estimate for the best odds of keeping within your budget.
The table below lists the average payback periods for different capacities of solar systems in Aventura.
A 26% federal solar tax credit applies to new residential solar equipment purchased through 2032. Extra incentives may be available through local governments, usually in the form of rebates and special financing programs.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 1.7 years |
2 kW | 3.5 years |
5 kW | 8.6 years |
10 kW | 17.3 years |
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Frequently Asked Questions About Solar in Aventura
How much energy and money could I save per year by switching to solar?
Is solar energy common in Aventura?
Should I expect a boost in my property value after adopting solar power?
How can I check my property's solar suitability?
How do I care for my new solar system?
How long does it take to pay back a solar loan in Aventura?
What are some "red flags" to watch for as I research companies?
- Pushy sales approach
- Dodging questions about training and credentials, warranties, references and cost
- "One-size-fits-all" approach
- Not thoroughly inspecting your site
- No business filing with your local secretary of state
How many estimates should I get before making a final solar company decision?
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