Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Better energy independence: Solar panels can keep your home running through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Reduced energy costs: Generating some or all of your own energy will save you money on your electric bills long-term.
What Solar Incentives Are Available to Greenacres Homeowners?
Florida agencies and electric companies offer several solar incentives to help lower your solar system costs. Here's a breakdown of relevant 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 Greenacres
The more comprehensive your provider search is, the better your solar system will ultimately function. Consider each of these elements in your business search.
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. The Sunshine State also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. Solar providers can also pursue accreditations from trade groups and standards organizations. The top 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.
Cost of Solar Panels in Greenacres
Your photovoltaic panels' style will affect 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 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 increase your solar system's performance. Not all solar companies provide these add-ons, so look for a contractor that installs them if it's a priority for you.
A majority of Greenacres homeowners select solar systems sized for five kilowatts (kW) of electrical capacity. These systems cost about $16,050 to set up, considering both materials and labor. You can find more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Greenacres
There are a plethora of ways to pay for a new solar system, and the right one will lower your costs. A few of the most common options include power purchase agreements (PPAs), leases, loans, and cash payments. Most solar experts recommend paying cash or using a solar loan. Cash payments demand 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 an auto or home 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 power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in specific circumstances. Look for contractors 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 Greenacres.
A 26% federal tax credit applies to new home solar systems purchased through 2032. Further incentives may be available through local governments, usually in the form of rebates and special financing programs.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Greenacres
How much money could I save by going solar in Greenacres?
Is solar energy common in Greenacres?
Should I anticipate a boost in my property value after installing solar panels?
Is solar panel installation a quick job?
How do I care for my new solar system?
What size should my new Greenacres solar system be?
What are some "red flags" to watch for as I research companies?
- High-pressure sales tactics
- Being evasive about warranties, references, cost and training and credentials
- Limited or no customization
- Superficial, rushed site evaluation
- Limited customer feedback
How are traditional solar loans and PPAs different?
You might think about a PPA if you don’t want to be responsible for maintaining your panels 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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