Benefits of Solar Energy
Solar energy comes with multiple advantages. Let's look at a few of them.
- Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Better energy independence: Solar energy can keep your home powered through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
- Lowered energy bills: With solar panels, you create power without paying the tacked-on costs of grid-connected power. You can eliminate your bills completely if you go off-grid.
What Solar Incentives Are Available to Ocala Homeowners?
Florida homeowners who upgrade to solar could qualify for special financing, tax credits, reimbursements and rebates. Here are just a few of the area's incentive offerings.
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: ocalafl.org
Central Air Conditioner/Heat Pump: $250
ENERGY STAR® Refrigerators: $75
ENERGY STAR® Freezer: $75
Programmable Thermostats: $25
ENERGY STAR® Clothes Washer: $100
ENERGY STAR® Dishwasher: $75
Attic Insulation: $0.10 per square foot, with an additional $75 for residential self-installed insulation
Solar Water Heater: $450
Commercial Lighting: $100 per kW
ENERGY STAR® Heat Pump Water Heater: $350
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 Ocala
The purchase price and efficacy of solar panels often rely on the provider that mounted them. Consider all of these aspects in your company search.
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. Solar companies can also obtain certificates from trade groups and standards organizations. The most respected ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Ocala
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. 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.
Additional components, such as battery storage and electric vehicle (EV) chargers, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies offer these extras, so look for a contractor that sells them if it's crucial for you.
You can expect to pay about $16,050 on average for a five-kilowatt solar energy system in Ocala. Use the table in this section to get an idea of what amount Ocala solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Ocala
There are many ways to pay for a solar energy system, and the right one will minimize your overhead. A few of the most common options include leases, power purchase agreements (PPAs), cash payments, and loans. Though it involves a large up-front payment, cash is the most affordable choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, as with an electric bill. We generally don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. We recommend working with a contractor that offers multiple financing options. Speak with each agent about what's available, and get more than one estimate for the best odds of staying within your spending limits.
The table below lists the average payback periods for different capacities of solar systems in Ocala.
The IRS allows you to claim a 26% federal tax credit on your new solar panels, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own financing programs, incentives, and rebates that could save you more money.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Ocala
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Ocala?
Should I anticipate a property value increase after adopting solar power?
How can I check my site's solar potential?
How long does an average solar system last?
How do I care for my new solar system?
How can I boost my solar panels' performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
To share feedback or ask a question about this article, send a note to our Reviews Team at firstname.lastname@example.org.