Benefits of Solar Energy
Solar energy comes with multiple advantages. Here are some highlights.
- Smaller power bills: Producing some or all of your own electricity will save you money on your electric bills long-term.
- Reduced carbon footprint: Using clean solar power reduces your dependence on conventional, less environmentally-friendly sources.
- Better energy independence: Adding a solar battery lets you have trustworthy energy during storms and grid outages.
What Solar Incentives Are Available to Valrico Homeowners?
Florida homeowners who upgrade to solar could qualify for special financing, reimbursements, rebates and tax credits. 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 Valrico
Choosing a company is the first step toward an effective and valuable solar system. 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 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 recognized 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 Valrico
The type of solar panels you choose determines how much electricity you can generate. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can improve your solar system's efficiency. Not all solar companies include these add-ons, so look for a company that installs them if it's a priority for you.
Generally speaking, it will cost about $16,050 for a five-kilowatt solar array in Valrico. This table shows more specific prices for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Valrico
Solar providers offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, power purchase agreements (PPAs), cash payments and solar loans. 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 minimize 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 pay more in total due to accruing interest. Solar leases allow you to use your panels for a fixed 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 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 two or more 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 Valrico.
The IRS allows you to claim a 26% federal tax credit on the full cost of the solar system, so long as you purchase it before 2032. City and state governments and utilities might also offer their own incentives, financing programs, and rebates that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Valrico
How much money could I save by going solar in Valrico?
Is solar energy easily accessible in Valrico?
Should I anticipate a boost in my property value after going solar?
What is the average payback period for Valrico solar panels?
How long is a Valrico solar panel's average lifespan?
What care do my solar panels need, and how frequently do they need it?
How many estimates should I get before making a final solar company decision?
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