Benefits of Solar Energy
Solar energy offers multiple advantages. Here are some highlights.
- Lower energy bills: Generating some or all of your own energy will cut power costs long-term.
- Better energy independence: Solar systems with battery backups work through blackouts and emergencies, and you won't have to rely on your power company for your safety and comfort.
- Reduced carbon footprint: Utilizing solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Boca Raton Homeowners?
The state of Florida offers multiple solar incentives to help offset your solar system costs. Check out a breakdown of applicable solar programs where you live.
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: 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 Boca Raton
Choosing a company is the first step toward an effective and valuable solar system. Make your choice based on the following key factors.
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. The Sunshine State also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Boca Raton
Your solar modules' model will impact how much power you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total project price, but they can increase your solar system's performance. Not all solar companies provide these add-ons, so look for a provider that sells them if it's important for you.
You can expect to pay about $16,050 on average for a five-kilowatt solar energy system in Boca Raton. Use the table in this section to get an idea of the amount Boca Raton solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Boca Raton
Choosing the right financing option will impact your overall solar system cost and expected savings. Common payment options include power purchase agreements, cash payments, leases, and loans. Though it involves a large up-front payment, cash is the most cost-effective choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be appropriate in certain circumstances. Ask each provider you're considering about the payment plans it offers. A team member can help you determine the most suitable option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Boca Raton.
You are eligible for a 26% federal tax credit for new solar energy devices until the year 2032. Municipal and state governments and utility companies might also offer rebates, discounts, and specialized financing options that could save you more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Boca Raton
How much money could I save by going solar in Boca Raton?
How widespread is solar energy in Boca Raton?
Should I expect a boost in my property value after going solar?
How long does the solar panel installation process require?
What's the average solar system size in Boca Raton?
How long does it take to pay back a solar loan in Boca Raton?
What is "net metering," and how does it work?
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