Benefits of Solar Energy
Solar energy comes with multiple perks. Let's look at a few of them.
- Reduced carbon footprint: The sun is the universe's most abundant clean energy source, meaning you can minimize or conquer your home's dependence on non-renewable sources.
- Reduced energy costs: Generating some or all of your own energy will save you money on your electric bills long-term.
- Better energy independence: Solar panels can keep your home running through blackouts and emergencies. You can use your solar energy anytime with an optional battery backup system.
What Solar Incentives Are Available to Pembroke Pines Homeowners?
Florida's public agencies and power companies offer multiple solar incentives to help lower your solar system costs. Here is 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 Pembroke Pines
The cost and efficiency of solar panels often rely on the solar company that mounted them. Make your choice based on the following important considerations.
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 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 installers can also pursue certificates from standards organizations and trade groups. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Pembroke Pines
Your solar panels' style will impact how much power you can generate. Monocrystalline panels cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. 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 electric vehicle (EV) chargers and battery storage, will raise your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar company provides these optional components, so look for a company that sells them if it's important for you.
Most Pembroke Pines homeowners choose solar systems rated for five kilowatts (kW) of electrical capacity. These systems run about $16,050 to set up, considering both parts and installation. You can find more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Pembroke Pines
There are a plethora of ways to pay for a new solar system, and the right one will lower your costs. A few of the most common options include cash payments, loans, leases, and power purchase agreements (PPAs). Though it requires a large up-front payment, cash is the most cost-effective choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the next best option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving 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 usually don’t recommend these two choices because you won't own the solar system and are disqualified from using solar incentives. Ask each provider you're evaluating about the payment options it offers. A representative can help you determine the most suitable option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Pembroke Pines.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities 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 Pembroke Pines
How much money could I save by going solar in Pembroke Pines?
Is solar energy widely available in Pembroke Pines?
Should I anticipate a property value increase after switching to solar energy?
Could I still use solar power if I live in a wooded, dark, or rainy area?
Is solar panel installation a fast job?
How long does it take to pay back a solar loan in Pembroke Pines?
How does "net metering" work, and do I need to participate?
Some states or utilities oblige you to enroll in net metering when installing your solar system, while others give you a choice. Either way, once you participate, you'll earn a bill credit or check for your excess generation at a wholesale or retail rate.
What's the difference between a PPA and traditional financing?
You might look into a PPA if you don’t want to be responsible for maintaining your panels and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any solar financial incentives. Many solar experts don’t recommend PPAs. Our guide covers other payment options above.
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