Benefits of Solar Energy
Solar energy provides multiple advantages. Here are some highlights.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on fossil fuels.
- Better energy independence: Adding a battery backup or storage system lets you have trustworthy energy during storms and grid outages.
- Lowered energy bills: With solar energy systems, you produce power without paying the tacked-on costs of grid-connected power. You can eliminate your bills completely if you go off-grid. Plus, a significant amount of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
What Solar Incentives Are Available to Sarasota Homeowners?
Florida homeowners who choose solar could qualify for special financing, rebates, 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: 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 Sarasota
Choosing a company is the first step toward an effective and valuable solar array. 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. You should also visit a company's website to learn about its private certifications. Two of the most respected 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 Sarasota
Your solar modules' style will influence how much energy you can generate. Monocrystalline panels are among the highest quality and 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 battery storage and electric vehicle (EV) chargers, will add to your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar provider includes these additional features, so look for a company that sells them if it's a priority for you.
Generally speaking, it costs about $16,050 for a five-kilowatt solar array in Sarasota. This table lists more specific pricing information for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,123 |
Solar Polycrystalline | $876 |
Thin-Film | $512 |
Solar Battery | $719 |
Solar Home EV Charger | $2,695 |
Financing Solar Energy in Sarasota
There are numerous ways to pay for a solar energy system, and the right one will reduce your expenses. A few of the most common options include leases, cash payments, loans, and power purchase agreements (PPAs). Though it involves 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 second most effective option. As with a car or home 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 rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We recommend working with a provider that offers multiple financing options. Speak with each representative about what's available, and obtain more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Sarasota.
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 Sarasota
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Sarasota?
Should I expect a boost in my property value after switching to solar energy?
What if I live in a dark or rainy
What can I do to predict my home's solar potential?
Is installing solar panels a quick job?
How does "net metering" work, and do I need to participate?
Some states or energy providers require you to participate in net metering when purchasing your solar system, while others give you a choice. Either way, once you participate, you'll get a bill credit or check for your excess generation at a retail or wholesale rate.
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