The Sunshine State certainly lives up to its name. With solar energy as Florida’s most abundant energy resource, the state has the potential to generate more energy from solar than it actually needs. Despite this, for many years Florida lagged behind other sun-rich states when it came to
solar power installers.
This was largely due to restrictive policies and lack of statewide incentives to encourage homeowners in Florida to install solar power systems.
Now, all of that is changing. Thanks to changes in policies and funding sources, the choice to go solar makes sound financial sense to Floridians. Eager to lower their energy bills and take advantage of current rebates and incentives,
Florida homeowners
are rushing to install solar on their homes. As evidence of this,
Florida saw the largest growth in solar installations
during 2018.
Electricity isn’t cheap in Florida. With the abundance of sunshine in Florida, a home solar system can offset your electric bill substantially. What are you waiting for? Read on to learn how you can invest in solar for as little as $0 down
Net metering is a regulatory policy that allows homeowners to sell any excess solar energy back to the grid. On any given day, if you do not use all of the energy that your system produces, you’ll receive a credit for the excess, which can be used at a later time. At the end of the year, any remaining credits will be paid out to you. Net metering varies based on your local utility company, with some offering more attractive programs than others.
If you do not have the necessary amount of cash to purchase your solar power system outright, you may be interested to learn about a loan or solar power purchasing agreement (PPA) to help you go solar sooner. With a lease or a PPA in place, you’ll be able to go solar for $0 down.
If you take out a loan to pay for your solar system, you are still eligible for the 26% federal solar tax credit. During the first few years, you may pay slightly more for your solar panels than someone who buys outright, but you’ll still see incredible savings on your energy bill. Once the system is paid for, you’ll own it and will continue to enjoy saving throughout the life of your system. At Momentum Solar, we can help you find a loan at a great rate to fund the purchase of your system.
A solar power purchase agreement (PPA) is an attractive option for homeowners without much disposable income, such as retirees. When you lease your solar panels, a third party owns and maintains your system. With a PPA, no upfront investment is required, but you’ll be able to lock in a lower rate of electricity for the length of your agreement. Currently, Duke Energy is the only utility provider offering a PPA in Florida. Reuse Energy is able to coordinate a PPA with Duke Energy for customers who are interested in this option.
FILL OUT SHORT FORM TO GO SOLAR WITHOUT AN APPOINTMENT