Benefits of Solar Energy
Solar energy comes with multiple benefits. 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 minimize or conquer your home's dependence on non-renewable sources.
- Lowered energy bills: With solar energy systems, you generate power without paying the tacked-on costs of grid-tied power. Going off-grid can eliminate your bills completely.
- Better energy independence: Adding a battery backup lets you have trustworthy energy during grid outages and storms.
What Solar Incentives Are Available to Ormond Beach Homeowners?
Governments and power companies often reward homeowners for embracing solar. Here are some of the tax credits, rebates, 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: 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 Ormond Beach
Choosing a company is the first step toward a well-oiled and valuable solar energy system. Here are some crucial criteria to bear in mind while shopping for a solar installer.
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 trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Ormond Beach
Your solar modules' style will affect how much power you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional accessories, such as electric vehicle (EV) chargers and battery storage, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar contractors provide these optional components, so look for a company that sells them if it's important for you.
If you're a resident of Ormond Beach and want 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 Ormond Beach
Choosing the optimal financing solution will influence your overall solar system cost and potential savings. Common payment options include cash payments, leases, power purchase agreements, and loans. We advise making a cash payment or securing a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to cut your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases let you use your panels for a set 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 do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We suggest working with a provider that offers multiple financing options. Speak with each agent about what's available, and secure more than one estimate for the best odds of staying within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Ormond Beach.
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 financing plans and rebates that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Ormond Beach
How much money could I save by going solar in Ormond Beach?
Is solar energy readily available in Ormond Beach?
Should I expect a boost in my property value after installing solar panels?
What's a Ormond Beach solar panel's average lifespan?
How do I care for my new solar system?
What is the average payback period for Ormond Beach solar panels?
What are some "red flags" to watch for as I research companies?
- Aggressive sales pitch
- Dodging questions about cost, references, training and credentials and warranties
- Limited or no customization
- Rushing through the site assessment
- Limited customer feedback
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