Benefits of Solar Energy
Solar energy has multiple advantages that will enhance your home for years to come.
- Lower utility costs: Producing some or all of your own energy will spend less on electricity long-term.
- Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can lower or beat your home's dependence on non-renewable sources.
- Better energy independence: Adding a battery storage system lets you have dependable energy during grid outages and storms.
What Solar Incentives Are Available to St. Cloud Homeowners?
Florida homeowners who choose solar could qualify for rebates, reimbursements, tax credits and special financing. Here are just a few of the area's incentive offerings.
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 St. Cloud
Choosing a company is the first step toward an effective and valuable solar system. Make your choice based on the following vital 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 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 accreditations. Two of the most respected 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 St. Cloud
Your solar modules' type will influence how much electricity you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
Additional components, 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 contractor offers these add-ons, so look for a provider that installs them if it's crucial for you.
If you're a resident of St. Cloud and are looking into a five-kilowatt solar energy system, you could expect to pay about $16,050 for materials and labor. See more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in St. Cloud
There are numerous ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include cash payments, leases, loans, and power purchase agreements (PPAs). We recommend paying with cash or securing a solar loan for the highest 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 minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a fluctuating 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 appropriate in particular circumstances. Ask each business you're considering about the payment options it offers. A staff member can help you determine the most suitable option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in St. Cloud.
The IRS allows you to claim a 26% federal tax credit on total system costs, so long as you purchase it before 2032. City and state governments and utilities might also offer their own financing programs, incentives, and rebates that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in St. Cloud
How much money could I save by going solar in St. Cloud?
How widespread is solar energy in St. Cloud?
Will solar energy systems increase my St. Cloud home price?
How can I assess my property's solar suitability?
Is solar installation a fast job?
How do I care for my new solar system?
How does "net metering" work, and do I need to participate?
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