Benefits of Solar Energy
Solar energy offers multiple perks. Let's look at a few of them.
- Better energy independence: Solar panels can keep your home powered through emergencies and blackouts, giving you additional security. You can use your solar energy anytime with optional battery backup.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, lowering your monthly electricity costs. Going off-grid can eliminate your bills completely.
- Reduced carbon footprint: Solar is the universe's most abundant clean energy source, meaning you can minimize or conquer your home's dependence on fossil fuels.
What Solar Incentives Are Available to Homestead Homeowners?
Governments and utility companies often reward homeowners for going solar. Here are some of the rebates, tax credits or other programs you could qualify for.
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: Rebate ProgramWebsite: fkec.com
Central A/C: 30%
Ductless Mini Split A/C: 30%
Room A/C: 30 %
Solar Water Heating: 30%
Window Film/Solar Screen: 100%
Cool/Reflective Roof Coating: $25 per 5 gallon bucket
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 Homestead
Choosing a company is the first step toward a well-oiled and cost-efficient solar energy system. Make your choice based on the following crucial aspects.
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 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. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Homestead
The type of solar panels you select determines how much electricity you can produce. Monocrystalline panels 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 the best for large residential installations, but they are excellent accessories for non-traditional roofs.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies provide these extras, so look for a provider that installs them if it's essential for you.
Most Homestead homeowners select solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $16,050 to set up, considering both parts and installation. You can see more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Homestead
There are various ways to pay for a new solar system, and the right one will minimize your overhead. A few of the most common options include leases, power purchase agreements (PPAs), loans, and cash payments. Most solar experts recommend paying cash 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. Similar to a car or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases let you use your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for contractors that offer two or more payment plans to find the right fit for your financial needs.
The table below lists the average payback periods for different capacities of solar systems in Homestead.
A 26% federal tax credit applies to recently-purchased solar equipment purchased through 2032. Extra 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 Homestead
How much money could I save by going solar in Homestead?
How prevalent is solar energy in Homestead?
Will solar panels raise my Homestead home worth?
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Is solar panel installation a fast job?
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