Benefits of Solar Energy
Solar energy offers multiple perks. Here are some highlights.
- Reduced carbon footprint: Using clean solar power reduces your dependence on conventional, less environmentally-friendly sources.
- Better energy independence: Adding a battery backup or storage system lets you have reliable energy during storms and grid outages.
- Reduced energy costs: Producing some or all of your own electricity will cut power costs long-term. Plus, some states offer net metering programs that enable you to sell your surplus energy back to the grid, generating extra credits toward your energy bill.
What Solar Incentives Are Available to Port St. Lucie Homeowners?
Florida homeowners who upgrade to solar could qualify for rebates, special financing, reimbursements and tax credits. Here are just a few of the region's incentive offerings.
Incentive Type: Sales Tax Incentive
Incentive Amount:
All
Incentive Type: Property Tax Incentive
Incentive Amount:
Residential: 100% of the added value
Non-Residential: 80% of the added value
Incentive Type: PACE Financing
Website: floridapace.govIncentive Amount:
Determined locally
Incentive Type: Loan Program
Website: lakelandelectric.comIncentive Amount:
$5,000
Incentive Type: Rebate Program
Website: fpua.comIncentive Amount:
Solar Hot Water Heater: $450 per unit
Insulation (New): $0.40 per square ft
Insulation (Added): $0.125 per square ft
ENERGY STAR Refrigerator: $50 per unit
ENERGY STAR Room Air Conditioner: $150 per unit
High Efficiency Central A/C: $500
Tank Water Heater: $300 - $550 per unit
Tankless Water Heater: $550 - $675 per unit
Clothes Dryer: $100 - $200 per unit
Range: $100 - $150 per unit
Furnace: $500 - $725 per unit
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
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 Port St. Lucie
Choosing a company is the first step toward a well-oiled and cost-efficient solar array. Make your choice based on the following key factors.
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. The Sunshine State 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 Solar Heating Installer and PV Installation Professional 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 Port St. Lucie
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power and generally have the highest quality. 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 electric vehicle (EV) chargers and battery storage, will raise your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar contractor offers these extras, so look for a contractor that installs them if it's crucial for you.
If you're a resident of Port St. Lucie and are looking into 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 solar panel costs in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,076 |
Solar Polycrystalline | $839 |
Thin-Film | $491 |
Solar Battery | $689 |
Solar Home EV Charger | $2,583 |
Financing Solar Energy in Port St. Lucie
Solar contractors offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, power purchase agreements (PPAs), cash payments and solar loans. Though it requires a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a home or auto 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 allow you to pay a monthly fee to rent your panels, while a PPA lets you pay a variable rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in specific circumstances. Ask each business you're considering about the payment options it offers. A consultant 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 Port St. Lucie.
You can claim a 26% federal solar 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 |
---|---|
1 kW | 1.7 years |
2 kW | 3.5 years |
5 kW | 8.6 years |
10 kW | 17.3 years |
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Frequently Asked Questions About Solar in Port St. Lucie
How much money could I save by going solar in Port St. Lucie?
Is solar energy common in Port St. Lucie?
Should I expect a boost in my property value after installing solar panels?
Could I still use solar power if I live in a wooded, rainy, or dark area?
What's a Port St. Lucie solar panel's average lifespan?
How long does the photovoltaic installation process require?
What are the signs I shouldn't use a particular solar company for my job?
- Pressuring you into signing a contract
- Not being straightforward about credentials and training, cost, warranties and references
- "One-size-fits-all" approach
- Not thoroughly inspecting your site
- More mixed or negative reviews than positive ones
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