Benefits of Solar Energy
Solar energy provides multiple benefits. Here are some highlights.
- Lowered energy bills: You can avoid the premium cost of grid-tied power by generating some electricity right where you use it.
- Reduced carbon footprint: Solar is a highly abundant clean energy source, meaning you can reduce or eliminate your home's dependence on non-renewable sources.
- Better energy independence: Solar systems with energy storage operate through power outages and emergencies, and you won't have to depend on the electrical grid for your safety and well-being.
What Solar Incentives Are Available to Clearwater Homeowners?
Florida agencies and electric companies offer a range of solar incentives to help lower your solar system costs. Below is a breakdown of available 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 Clearwater
The more comprehensive your provider search is, the better your solar system will ultimately work. Consider all of these factors 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. Florida also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Clearwater
Your photovoltaic panels' type will impact how much electricity you can produce. Monocrystalline panels 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 have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar provider offers these additional features, so look for a provider that installs them if it's essential for you.
If you're a resident of Clearwater and are considering getting a five-kilowatt solar energy system, you could plan to spend about $16,050 for materials and labor. See more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Clearwater
Choosing the right financing plan will affect your overall solar system cost and potential savings. Common payment options include cash payments, leases, power purchase agreements, and loans. We recommend paying with cash or securing a solar loan for the best 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 own your system and can apply for solar incentives to cut your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, like an electric bill. We generally don’t recommend these two options because you won't own the system and are disqualified from using solar incentives. We recommend working with a company that offers multiple financing options. Speak with each salesperson about what's available, and acquire more than one estimate for the best odds of staying within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Clearwater.
You are eligible for a 26% federal tax credit for new solar power systems until the year 2032. Local and state governments and utility companies might also offer discounts, rebates, and dedicated financing plans that could save you more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Clearwater
How much money could I save by going solar in Clearwater?
Is solar energy widely available in Clearwater?
Will solar energy systems raise my Clearwater home worth?
How long does the photovoltaic installation process take?
What size should my new Clearwater solar system be?
What is the average payback period for Clearwater solar panels?
How can I enhance my solar system's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
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