Benefits of Solar Energy
Solar energy comes with multiple benefits. Let's look at a few of them.
- Reduced carbon footprint: Utilizing solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
- Better energy independence: Adding a battery storage system lets you have dependable energy during storms and grid outages.
- Lower energy bills: Generating some or all of your own power will save you money on your electric bills long-term.
What Solar Incentives Are Available to Palm Harbor Homeowners?
Florida agencies and electric companies offer multiple solar incentives to help minimize your solar system costs. Here is a breakdown of eligible 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 Palm Harbor
The cost and performance of solar panels often rely on the solar company that mounted them. Here are some essential aspects to consider while searching for a solar specialist.
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. 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 earn certifications from standards organizations and trade groups. The most prestigious 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 Palm Harbor
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels provide a lower price point but produce less power. 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 car (EV) chargers and battery backup systems. These will increase your total project price, but they can increase your solar system's efficiency. Not every solar provider provides these add-ons, so look for a company that sells them if it's essential for you.
Generally speaking, it will cost about $16,050 for a five-kilowatt solar array in Palm Harbor. This table shows more specific costs for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Palm Harbor
There are numerous ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include leases, power purchase agreements (PPAs), cash payments, and loans. Most solar experts recommend a cash payment or using a solar loan. Cash payments require 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. Like a car or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to pay a monthly rate 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 will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in certain circumstances. We suggest working with an installer that offers multiple financing options. Speak with each representative about what's available, and secure 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 Palm Harbor.
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
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Palm Harbor
How much energy and money could I save per year by switching to solar?
How common is solar energy in Palm Harbor?
Should I anticipate a boost in my property value after going solar?
Could I still use solar power if I live in a rainy, wooded, or dark area?
What can I do to calculate my home's solar potential?
What is a Palm Harbor solar panel's average lifespan?
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Not being straightforward about warranties, credentials and training, references and cost
- Inflexible options
- Not thoroughly inspecting your site
- Limited customer feedback
Should I get quotes from multiple Palm Harbor solar companies?
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