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.
The kind of solar panels you purchase determines how much energy you can generate. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. 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 battery backups and electric vehicle (EV) chargers. These upgrades extend your system’s efficiency while adding more conveniences to your home. Not every solar company provides these add-ons, so look for an installer that has them if it's crucial for you.
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. Solar installers can also obtain certifications from trade groups and standards organizations. The most recognized ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
There are numerous ways to pay for a new solar system, and the right one will help you decrease overhead. Though some providers offer unique payment plans, the most common are solar leases, power purchase agreements (PPAs), solar loans and cash payments. Most solar experts recommend a cash payment or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like a home or auto loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA 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 suitable in certain circumstances. Ask each business you're considering about the payment plans it offers. A representative can help you determine the most suitable option for your financial situation.
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Frequently Asked Questions About Solar in Boca Raton
How much energy and money could I save per year by switching to solar?
How popular is solar energy in Boca Raton?
Should I expect a boost in my property value after going solar?
Is solar panel installation a quick job?
What upkeep do my solar panels need, and how often do they need it?
What's the average solar system size in Boca Raton?
What's the difference between a PPA and a solar lease?
If you choose a lease, you'll make fixed monthly payments.
With both leases and PPAs, you don't own your panels and lose eligibility for most incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
How are traditional solar loans and PPAs different?
You might think about a PPA if you don’t want to be responsible for maintenance and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any cost-saving solar incentives. Many solar experts don’t recommend PPAs. Our guide covers other financing options above.
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