Benefits of Solar Energy
Solar energy provides several advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using clean solar power lowers your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Smaller power bills: Sourcing some or all of your own energy will save you money on your electric bills long-term.
- Better energy independence: Solar energy can keep your home running through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
What Solar Incentives Are Available to St. Petersburg Homeowners?
Florida homeowners who decide on solar could qualify for rebates, tax credits, reimbursements and special financing. Here are just a few of the area's incentive programs.
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. Petersburg
The cost and performance of solar panels often hinge on which company installed them. Make your choice based on the following essential elements.
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. Florida also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. Solar providers can also earn certifications from standards organizations and trade groups. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in St. Petersburg
The style of solar panels you purchase determines how much electricity you can generate. Monocrystalline panels cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
If you want to charge an electric car or use your solar power in dark weather, you can pay extra for add-ons. By choosing the right components, you can make your system more effective and user-friendly. Not all solar companies include these additional features, so look for a provider that sells them if it's important for you.
Generally speaking, it costs about $16,050 for a five-kilowatt solar array in St. Petersburg. This table lists more specific costs for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in St. Petersburg
Choosing the ideal financing plan will affect your overall solar system cost and expected savings. Common payment options include cash payments, loans, leases, and power purchase agreements. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a home or car loan, you'll pay a set monthly rate with as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) enables you to pay a monthly rate determined by the energy you use, like an electric bill. We typically don’t recommend these two choices because you won't own the system and are disqualified from using solar incentives. We advise working with a company that offers multiple financing options. Speak with each salesperson about what's available, and acquire more than one estimate for the best odds of keeping within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in St. Petersburg.
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 discounts, rebates, and dedicated financing plans that could save you more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in St. Petersburg
How much money could I save by going solar in St. Petersburg?
Is solar energy widely available in St. Petersburg?
Should I expect a property value increase after installing solar panels?
Could I still use solar power if I live in a wooded, rainy, or dark area?
What care do my solar panels need, and how frequently do they need it?
What is the average payback period for St. Petersburg solar panels?
What's the difference between a PPA and traditional financing?
You might think about a PPA if you don’t want to be responsible for maintenance and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any cost-saving solar incentives. Many solar experts don’t recommend PPAs. Our guide covers other payment options above.
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