Benefits of Solar Energy
Solar energy provides multiple advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
- Better energy independence: Solar panels can keep your home functioning through blackouts and emergencies, giving you additional security. You can use your solar energy anytime with optional battery storage.
- Lowered energy bills: You can skip the premium cost of grid-tied power by creating some electricity at home.
What Solar Incentives Are Available to Four Corners Homeowners?
Florida's public agencies and power companies offer a range of solar incentives to help reduce your solar system costs. Here is a breakdown of eligible 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 Four Corners
The cost and efficacy of solar panels often hinge on the solar company that installed them. Here are some key items to bear in mind while shopping for a solar installer.
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. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Four Corners
Your photovoltaic panels' type will affect how much electricity you can generate. 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 are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
You can also add electric car (EV) chargers and battery backup systems. These will increase your total project price, but they can boost your solar system's performance. Not every solar contractor includes these extras, so look for a company that sells them if it's crucial for you.
You can plan to spend about $16,050 on average for a five-kilowatt solar energy system in Four Corners. Use the table in this section to get an idea of the amount Four Corners solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Four Corners
Choosing the correct financing solution will affect your overall solar system cost and possible savings. Common payment options include cash payments, power purchase agreements, loans, and leases. We advise making a cash payment or using 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 minimize 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 enjoying energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a variable rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in certain circumstances. Look for installers that offer two or more payment plans to find the right fit for your budget.
The table below lists the average payback periods for different capacities of solar systems in Four Corners.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own rebates and financing plans that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Four Corners
How much money could I save by going solar in Four Corners?
Is solar energy readily available in Four Corners?
Will a solar PV system boost my Four Corners home value?
Could I still use solar power if I live in a rainy, wooded, or dark area?
What size should my new Four Corners solar system be?
How long does it take to pay back a solar loan in Four Corners?
What is "net metering," and how does it work?
Some states or energy providers require you to join net metering when installing your solar system, while others give you a choice. Either way, once you sign up, you'll get a check or bill credit for your excess generation at a retail or wholesale rate.
What's the difference between a PPA and traditional financing?
In contrast, solar loans can come from installer, local banks, specialty lenders and the government. You'll need to pass a credit check to qualify for most of them. While the upfront costs are larger, and you'll be responsible for maintenance, you'll also have complete ownership and can apply for many more benefits.
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