Benefits of Solar Energy
Solar energy offers multiple advantages. Let's look at a few of them.
- Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can minimize or conquer your home's dependence on non-renewable sources.
- Smaller power bills: Generating some or all of your own electricity will spend less on electricity long-term.
- Better energy independence: Adding a battery backup lets you have reliable energy during grid outages and storms.
What Solar Incentives Are Available to Royal Palm Beach Homeowners?
Governments and utility companies often incentivize homeowners for adopting 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 Royal Palm Beach
Choosing a company is the first step toward an effective and valuable solar energy system. Here are some important factors to remember while shopping 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 take two tests 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 certifications. Two of the most prestigious are the Solar Heating Installer and PV Installation Professional certificates, granted 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 Royal Palm Beach
Your solar modules' type will impact how much power you can produce. 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.
If you want to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for accessories. By choosing the right components, you can make your system more effective and convenient to use. Not every solar contractor offers these optional components, so look for a company that sells them if it's crucial for you.
A majority of Royal Palm Beach homeowners select solar systems rated for five kilowatts (kW) of electrical capacity. These systems cost about $16,050 to set up, considering both materials and labor. You can find more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Royal Palm Beach
There are a plethora of ways to pay for new solar panels, and the right one will help you decrease overhead. A few of the most common options include cash payments, power purchase agreements (PPAs), loans, and leases. Though it involves a large up-front payment, cash is the most affordable choice because it doesn't accrue interest and qualifies you for incentives. 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 cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to 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 don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for contractors that offer several payment plans to find the right fit for your pocket.
The table below lists the average payback periods for different capacities of solar systems in Royal Palm Beach.
You are eligible for a 26% federal tax credit for new solar energy equipment until the year 2032. Local and state governments and utility companies might also offer rebates, discounts, and dedicated financing plans that could save you more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Royal Palm Beach
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Royal Palm Beach?
Should I anticipate a property value increase after installing solar panels?
How can I assess my property's solar viability?
How many years does an average solar system last?
What maintenance do my solar panels need, and how frequently do they need it?
How can I maximize my solar array's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
To share feedback or ask a question about this article, send a note to our Reviews Team at firstname.lastname@example.org.