Benefits of Solar Energy
Solar energy has numerous advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Better energy independence: Solar systems with energy storage function through power outages and emergencies, and you won't have to depend on the power grid for your safety and comfort.
- Lower utility costs: Producing some or all of your own electricity will cut power costs long-term.
What Solar Incentives Are Available to Oakland Park Homeowners?
The state of Florida offers a number of solar incentives to help reduce 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 Oakland Park
The more thorough your company investigation is, the better your solar system will ultimately perform. 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 tests 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. You should also visit a company's website to learn about its private accreditations. Two of the most prestigious are the Solar Heating Installer and PV Installation Professional certificates, awarded 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 Oakland Park
Your solar panels' model will influence how much energy you can produce. Monocrystalline panels cost the most but perform the best. 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.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar contractors include these additional features, so look for a company that sells them if it's crucial for you.
Generally speaking, it costs about $16,050 for a five-kilowatt solar array in Oakland Park. This table shows more specific prices for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Oakland Park
Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are cash payments, power purchase agreements (PPAs), solar leases and solar loans. Most solar experts recommend paying cash or using a solar loan. Cash payments require 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. Much like a home or car loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a variable 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. We recommend working with a contractor that offers multiple financing options. Talk to each salesperson about what's available, and acquire more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Oakland Park.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own rebates and financing plans that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Oakland Park
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Oakland Park?
Will solar panels raise my Oakland Park home price?
Could I still use solar power if I live in a wooded, dark, or rainy area?
How many years will an average solar system last?
How long does the photovoltaic installation process take?
What are the signs I shouldn't use a particular solar company for my job?
- Aggressive sales pitch
- Not being straightforward about cost, references, warranties and credentials and training
- Inflexible options
- Not thoroughly inspecting your site
- Limited online information
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