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Florida Credits and Exemptions

The federal government and the state of Florida have created several programs to encourage homeowners and business owners to go solar.

Sales Tax Exemption

You don't have to pay a state sales tax on solar energy systems, thanks to the Solar and CHP Sales Tax Exemption.

Property Tax Exemption

Your property tax will not increase. Usually when you add value to your home, your property tax increases. Thanks to Florida's Property Tax Exclusion for Residential Renewable Energy Property, your solar energy system will not increase your residential property tax. As for commercial properties, there is a 80% exemption.

Installing a solar energy system can add value to your home. The average Florida home value increases 4%, it increases to 4.6% in Orlando.

Federal Solar Investment Tax Credit (ITC)

The Federal Solar Investment Tax Credit (ITC) allows you to deduct 30% of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value. However, the ITC applies only to those who buy their PV system outright with a cash purchase or solar loan.

Net Energy Metering (NEM)

Net Energy Metering (NEM) allows you to sell your excess solar energy back to the grid. When excess electricity is produced by your solar system, it is sent back to the grid and the electric company must buy that energy from you.

Florida is one of the best places in the nation for installing solar panels. The combination of excellent sun exposure, tax credit and exemptions, and a great net metering policy, allows for owners to see an excellent return on their investment when they install residential or commercial solar energy systems.