Florida solar rebates and tax credits calculator

Solar incentive

Federal ITC 26% (tax credit)

State tax credit: No

Net metering (by utility)

Calculate for your homes location

There can be solar tax credits and incentives available at the federal, state and local levels. The calculator above will show you the value of all incentives your home is eligible for.

Summary of Florida solar incentives 2020

Florida is the sunshine state, so it makes sense that it's the perfect place for homeowners to get solar panels and save money. Your savings will last at least 25 years thanks to solar panel warranties that guarantee production long into the future.

Thanks to the federal solar tax credit, buying solar is cheaper than it's ever been here. There are even some battery backup incentives popping up in parts of the state.

Read on to discover how much home solar incentives can save you in Florida!

On this page, you can:

  1. Learn what solar incentives are available to Florida homeowners

  2. See what Florida solar incentives you qualify for based on your utility company and city

  3. Find out how much these incentives and/or Florida solar tax credits will reduce your cost to go solar and add batteries

Federal solar investment tax credit

The federal solar investment tax credit will have the biggest impact on the cost you will face to go solar in Florida

This perk is commonly known as the ITC, short for “Investment Tax Credit”. If you install your photovoltaic system in 2020, the federal tax credit is 26% of the cost of your solar panel system. This is 26% off the entire cost of the system including equipment, labor and permitting.

Example: If your solar energy system costs $20,000, your federal solar tax credit would be $20,000 x 26% = $5,200.

The federal tax credit falls to 22% in 2021. Unless new legislation is introduced in Washington D.C., this program will be gone in 2022.

Net energy metering in Florida

With net metering in some states, you get full retail rate credit for the amount of electricity you send back into the grid with your solar panels.

Net Metering requires your utility to monitor how much energy your solar power system produces and how much energy you actually consume, and make sure you get credit for the surplus.

Florida’s Public Service Commission “PSC” set specific standards for net metering back in 2008. Assuming you’re a customer of an investor-owned utility (most of us), any net excess generation (NEG), i.e. any surplus energy, is carried forward as a credit at the full retail rate to your next bill for up to 12 months. At the end of a 12-month billing period, the utility pays you for any remaining NEG at an avoided-cost rate.

Not only is that just about the perfect net metering law, it looks like you won’t have any problems getting on the grid. Unlike most states, Florida has no set capacity limit, i.e., you won’t get blocked from hooking up to the grid for net metering just because some of your neighbors have already done so. Your small residential system also lacks any of the possible hurdles and red tape that we see in other states.

Florida solar rebates

Florida has no statewide solar rebate program, and the few patchwork fill-ins from individual utility companies have closed. The statewide rebate program you may have heard of, Florida’s Solar Energy Systems Incentive Program, is sadly no longer taking new applicants.

However, there are two cities, Orlando and Jacksonville, which offer rebates for solar battery backup. You can get up to $2,000 back in Orlando, and up to $4,000 in Jacksonville. Here are more details of each program:

Orlando Utilities Commission - Residential Energy Efficiency Rebate Program

Jacksonville Electric Authority - Solar Battery Incentive Program

Sales and property tax incentives

Thank goodness Florida also realizes that homes with solar are worth more than homes without, and the state has been willing to exempt that value from additional property taxes. Your home’s value increases as much as $20 for every 1 dollar of electricity you save in a year. Not paying taxes on that value is a sweet deal.

Home solar panel systems are also free from state sales tax, saving you 6% or more, right off the bat.

Cost of solar panels in your part of Florida after all applicable solar incentives

Solar prices near you

Cost range of local prices

$15,573-$19,034

Payback period

9.1-11.2 years

Net profit (savings less system cost)

$33,158-$40,527

Average size system installed in FL in 2020

10.5kW

Solar panel cost calculator

Best 10 solar companies in Florida

114 solar companies in Florida provide pricing on SolarReviews. Here are the best rated companies near you.

Solar guides for your Florida city

For more information about going solar near where you live, check out the following resources:

Find local city information

 

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