Fpl Solar Panel Rebates

The combination of excellent sun exposure the solar tax credit a great net metering policy and some of the strongest financing options in the u s.

Fpl solar panel rebates. No fpl does not offer rebates or other solar incentives. Fpl to offer solar energy rebates through new pilot program juno beach fla. The court ruled fpl is allowed to impose an 863 million solar energy base rate adjustment sobra for eight solar projects built in 2017 and 2018. Florida solar power overview.

8 that means if you purchase a 6 kilowatt system for 18 300 you ll pay 12 810 after you receive your tax credit. Allows homeowners to see an excellent return on their investment when they install residential solar panels in florida. For only 9 a month or about 30 cents a day when you join fpl solarnow you will be joining other customers already supporting the development of solar energy projects in local public areas like parks zoos and museums. This generous rebate effectively knocks off 26 percent of the cost of your new solar energy system right off the bat as a credit on your income tax.

If you buy your system in cash or with a solar loan that means you also get the tax credits rebates and srecs for the system however if you lease your system the third party owner will receive all of the solar incentives. All of the financial benefits listed below go to the owner of the solar panel system. In addition to florida s net metering policy and tax exemptions to encourage solar energy the federal government gives you another huge incentive known as the investment tax credit itc. Florida is one of the best places in the nation for installing solar panels.

In 2016 they built three 74 5 mw solar arrays each of which have the capacity to generate power for about 15 000 homes. If i input the details for a fpl customer that has a power bill of 212 per month into the best online solar panels calculator it tells me that i need a 13 66kw solar system that will produce 19 272 kwh s per year and that this system will return the owner a 77 380 profit even after repaying the capital over 25 years. We would like to show you a description here but the site won t allow us. In 2019 the tax credit can reduce the cost of a solar installation by 30 7 including a solar battery purchase.

However fpl is invested in supporting florida solar. They are looking to expand their investment in solar energy in 2018.