Benefits of Solar Energy
Solar energy provides multiple advantages. Here are some highlights.
- Better energy independence: Adding a battery backup lets you have reliable energy during grid outages and storms.
- Reduced carbon footprint: Adopting solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
- Lowered energy bills: You can skip the added cost of grid-tied power by creating some electricity at home.
What Solar Incentives Are Available to Plant City Homeowners?
The state of Florida offers a number of solar incentives to help reduce your solar system costs. Here is 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 Plant City
The more comprehensive your provider search is, the better your solar system will ultimately function. Here are some important factors to remember while searching for a solar company.
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 tests 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. You should also visit a company's website to learn about its private credentials. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, backed 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 Plant City
Your solar panels' model will affect 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 have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional system add-ons, 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 every solar provider provides these additional features, so look for a contractor that sells them if it's essential for you.
You can plan to spend about $16,050 on average for a five-kilowatt solar energy system in Plant City. Use the table in this section to get an idea of how much Plant City solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Plant City
There are various 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). We suggest paying with cash or securing a solar loan for the best 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 own your system and can apply for solar incentives to reduce 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 pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) allows you to pay a monthly rate based only on the energy you use, akin to an electric bill. We usually don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. Look for providers that offer several payment plans to find the right fit for your budget.
The table below lists the average payback periods for different capacities of solar systems in Plant City.
The IRS allows you to claim a 26% federal tax credit on your new solar panels, so long as you purchase it before 2032. City and state governments and utilities might also offer their own rebates, incentives, and financing programs 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 Plant City
How much energy and money could I save per year by switching to solar?
Is solar energy readily available in Plant City?
Will solar energy systems improve my Plant City home price?
What can I do to calculate my home's solar viability?
How many years will an average solar system last?
What size should my new Plant City solar system be?
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Dodging questions about warranties, cost, credentials and training and references
- Inflexible options
- Not thoroughly inspecting your site
- No business filing with your local secretary of state
How many estimates should I get before making a final solar company decision?
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