Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Better energy independence: Photovoltaic solar panel systems with energy storage systems operate through power outages and emergencies, and you won't have to depend on your power company for your safety and well-being.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on fossil fuels.
- Lower utility costs: Sourcing some or all of your own energy will cut power costs long-term. Plus, some states offer net metering programs that allow you to sell your extra energy back to the grid, generating extra credits toward your energy bill.
What Solar Incentives Are Available to Gainesville Homeowners?
Florida homeowners who choose solar could qualify for special financing, rebates, reimbursements and tax credits. Here are just a few of the region's incentive offerings.
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: Rebate Program
Website: clayelectric.comIncentive Amount:
Ceiling Insulation: $0.11 per square foot
Spray Foam Insulation: $0.28 per square foot
Window Film: $0.44 per square foot
Solar Shade Screen: $0.44 per square foot
Solar Water Heating: $0.01 per BTU
Heat Pump Water Heater: $175
Heat Recovery Unit: $200
HVAC: $250
Incentive Type: Loan Program
Website: clayelectric.comIncentive Amount:
$7,500
Incentive Type: Loan Program
Website: clayelectric.comIncentive Amount:
$7,500
Incentive Type: Rebate Program
Website: clayelectric.comIncentive Amount:
$0.01 per BTU output
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 Gainesville
Choosing a company is the first step toward an effective and valuable solar array. Here are some essential aspects to keep 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 exams 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. You should also visit a company's website to learn about its private certifications. Two of the most recognized are the PV Installation Professional and Solar Heating Installer certificates, backed by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Gainesville
The style of solar panels you select dictates how much energy you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.
Additional system add-ons, such as battery storage and electric vehicle (EV) chargers, will increase your overall installation 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 contractor that sells them if it's crucial for you.
Generally speaking, it will cost about $16,050 for a five-kilowatt solar array in Gainesville. This table shows more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,046 |
Solar Polycrystalline | $816 |
Thin-Film | $477 |
Solar Battery | $670 |
Solar Home EV Charger | $2,511 |
Financing Solar Energy in Gainesville
Choosing the right financing option will impact your overall solar system cost and expected savings. Common payment options include power purchase agreements, leases, cash payments, 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 or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-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 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 appropriate in specific circumstances. Ask each company you're vetting about the financing options it offers. A salesperson can help you determine the best option for your financial situation.
The table below lists the average payback periods for different capacities of solar systems in Gainesville.
The IRS allows you to claim a 26% federal solar tax credit on your new solar panels, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, financing programs, and rebates that could save you more money.
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 Gainesville
How much energy and money could I save per year by switching to solar?
How popular is solar energy in Gainesville?
Will a solar PV system improve my Gainesville home worth?
How many years does a standard solar system last?
Is solar installation a fast job?
What's the average solar system size in Gainesville?
How are a solar lease and PPA different?
If you choose a lease, you'll make fixed payments each month.
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.
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