Benefits of Solar Energy
Solar energy comes with multiple advantages. Let's look at a few of them.
- Better energy independence: Solar panels can keep your home powered through blackouts and emergencies. You can use your solar energy anytime with optional battery backup.
- Reduced energy costs: Generating some or all of your own power will save you money on your electric bills long-term.
- Reduced carbon footprint: Utilizing solar is a surefire way to lower your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Lauderhill Homeowners?
Florida's public agencies and power companies offer several solar incentives to help cut your solar system costs. Here 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 Lauderhill
Choosing a company is the first step toward a well-oiled and cost-efficient solar array. Here are some key items to remember while shopping for a solar provider.
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. Solar providers can also obtain certifications from standards organizations and trade groups. 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 Lauderhill
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total project price, but they can improve your solar system's efficiency. Not all solar contractors offer these optional components, so look for a contractor that sells them if it's essential for you.
If you're a resident of Lauderhill and are considering getting a five-kilowatt solar energy system, you could expect to pay about $16,050 for parts and installation. Find more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Lauderhill
Solar companies offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar leases, power purchase agreements (PPAs), solar 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 save you from 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. Like a car or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to rent your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We advise working with a company that offers multiple financing options. Ask each agent about what's available, and secure more than one estimate for the best odds of keeping within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Lauderhill.
The IRS allows you to claim a 26% federal tax credit on total system costs, so long as you purchase it before 2032. City and state governments and utilities might also offer their own financing programs, incentives, and rebates that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Lauderhill
How much energy and money could I save per year by switching to solar?
How common is solar energy in Lauderhill?
Will solar energy systems raise my Lauderhill home price?
What can I do to predict my home's solar viability?
How long will a standard solar system last?
How long does it take to pay back a solar loan in Lauderhill?
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Not being straightforward about cost, training and credentials, references and warranties
- Limited or no customization
- Not thoroughly inspecting your site
- No references or testimonials
How many estimates should I get before making a final solar company decision?
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