Benefits of Solar Energy
Solar energy comes with multiple benefits. Let's look at a few of them.
- Lower utility costs: Sourcing some or all of your own power will cut power costs long-term.
- Better energy independence: Solar systems with battery storage function through power outages and emergencies, and you won't have to depend on the power grid for your safety and comfort.
- 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 non-renewable sources.
What Solar Incentives Are Available to Sunrise Homeowners?
Florida homeowners who go solar could qualify for tax credits, special financing, rebates and reimbursements. Here are just a few of the local 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 Sunrise
The purchase price and effectiveness of solar panels often hinge on the provider that mounted them. Consider all of these criteria in your business search.
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. 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 prestigious 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 Sunrise
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels provide a lower price point but produce less power. 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.
If you want to charge an electric car or use your solar power in inclement weather, you can pay extra for accessories. By selecting the right components, you can make your system more effective and convenient to use. Not every solar provider provides these optional components, so look for a company that sells them if it's important for you.
If you're a resident of Sunrise and are considering getting a five-kilowatt solar energy system, you could plan to spend about $16,050 for materials and labor. Find more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Sunrise
Choosing the optimal financing solution will affect your overall solar system cost and potential savings. Common payment options include leases, loans, cash payments, and power purchase agreements. We suggest 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 reduce your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to rent your panels for a set monthly rate, while PPAs let you pay only for the energy you use, similar to 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 installers that offer several payment plans to find the right fit for your financial needs.
The table below lists the average payback periods for different capacities of solar systems in Sunrise.
The IRS allows you to claim a 26% federal tax credit on total system costs, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Sunrise
How much energy and money could I save per year by switching to solar?
Is solar energy common in Sunrise?
Will solar energy systems improve my Sunrise home value?
How long is a Sunrise solar panel's average lifespan?
How do I care for my new solar system?
How long does it take to pay back a solar loan in Sunrise?
How does "net metering" work, and do I need to participate?
Some states or utilities require you to join net metering when installing your solar system, while others give you a choice. Either way, once you sign up, you'll receive a bill credit or check for your excess generation at a retail or wholesale rate.
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