Benefits of Solar Energy
Solar energy provides multiple perks. Let's look at a few of them.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can lower or beat your home's dependence on fossil fuels.
- Smaller power bills: Sourcing some or all of your own energy will cut power costs long-term.
- Better energy independence: Adding a solar battery lets you have reliable energy during grid outages and storms.
What Solar Incentives Are Available to Melbourne Homeowners?
The state of Florida offers several solar incentives to help lower your solar system costs. Here's 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 Melbourne
The purchase price and effectiveness of solar panels often depend on the solar company that installed them. Here are some key items to consider while searching for a solar provider.
Your solar modules' style will impact how much power you can generate. Monocrystalline panels perform the best but cost the most. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. 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 enhance your solar system's efficiency. Not all solar providers provide these extras, so look for an installer that has them if it's important for you.
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. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most credible trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Solar companies use multiple different financing options to lower your costs and increase your savings. Common payment options include power purchase agreements, loans, leases, and cash payments. Most solar experts recommend a cash payment 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 a car or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) allows you to pay a monthly rate based only on the energy you use, similar to an electric bill. We usually don’t recommend these two choices because you won't own the solar system and cannot use solar incentives. Look for installers that offer multiple payment plans to find the right fit for your budget.
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Melbourne
How much energy and money could I save per year by switching to solar?
Is solar energy common in Melbourne?
Should I anticipate a property value increase after going solar?
What is the average payback period for Melbourne solar panels?
Could I still use solar power if I live in a rainy, wooded, or dark area?
How can I determine my home's solar viability?
How does "net metering" work, and do I need to participate?
Should I get quotes from multiple Melbourne solar companies?
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