Federal and Florida Incentives for Solar Technologies
Thankfully, one of the provisions in the Emergency Economic Stabilization Act of 2008 a.k.a. "the Bailout Bill" is the extension and improvement of the Federal Solar Energy Investment Tax Credit, which now offers a full 30% off solar systems put into service after 2009! It's important to get started as soon as possible to take advantage of this offer, installations are already being scheduled! In addition to the 30% this bill now also offers the following benefits:
- 8-year extension of investment tax credits (ITC) for residential and applications
- No limit - Removal of the $2,000 cap on residential applications.
- Repeal of the limitation on utilities from claiming ITC
- Allow ability for credits to be used to offset alternative minimum tax
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Using solar energy can save you money and reduce your direct impact on the environment. Federal, State and Local incentives are available to help you achieve your goal of energy independence and to reduce your carbon footprint. Below are average samples of savings:
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Solar Electric (PV)
• Up to $20,000 FL State
• 30% Federal Tax Credit
• Reduce bills 20-90%
• Run meter backwards!*
| Average Sample** |
| Installed price |
$33,000.00 |
| Federal |
-$9,900.00 |
| Florida |
-$12,600.00 |
| Your Cost |
$10,500.00 |
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Solar Water Heater
• $500 FL State Rebate
• 30% Federal Tax Credit
• Reduce bills by 80%
• Save 2 tons CO2/year
| Average Sample** |
| Installed price |
$5,000.00 |
| Federal |
-$1500.00 |
| Florida |
-$500.00 |
| Your Cost |
$3,000.00 |
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Solar Pool Heater
• $100 FL State Rebate
• $0 Operating Costs
• Extend Swim Season
• No Pollution
| Average Sample** |
| Installed price |
$3,500.00 |
| Florida |
-$100.00 |
| Federal |
- |
| Your Cost |
$3,400.00 |
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Efficient Water Heater
• $300 Tax Credit
• Energy efficient:
• Minimum .80 to qualify
• Gas, oil, or propane
| Average Sample** |
| Installed price |
$1,800.00 |
| Florida |
- |
| Federal |
-$300.00 |
| Your Cost |
$1500.00 |
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| **Many different models, sizes and prices. |
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Save even more with Utility Company Incentives
Listed below are participating Utility Companies in Florida. Other programs may be available,
make sure to check with your utility company to find out what they may offer.
» GRU Gainesville Regional Utilities
*Residential PV System Rebate Amount: $1.50/Watt, not to exceed $7,500.
*Business PV System Rebate Amount: $1.50/Watt, not to exceed $37,500.
$500 Solar water heater rebate. Restrictions apply.
» OUC Orlando Utility Commission
*Program available to the first 1,200 kW equivalent of Residential solar thermal generation capacity and the first 2,000 kW of General Service solar thermal generation capacity. Monthly credit of 3.0 cents per kWh. Low interest loan options.
» JEA Jacksonville Electric Authority
The incentive applies only to the installation of a solar water heating system:
$800 per installation to qualified residential customers.
30% of the system's cost for qualified pre-approved commercial systems with $5,000 maximum limit.
» Progress Energy
$450 up front credit to offset your purchase of a solar water heating system.
Monthly EnergyWise credits for covered devices.
EnergyWise monthly pool pump credit.
» FPL Sunshine Energy® Sun Funds
* The Sun Funds program offers additional rebates of $1.50 per watt to recipients of State solar electric rebates - on a first come, first served basis. Limitations apply. Note that this is a limited time offer! 02/18/08 Note: No longer accepting applications. The first round of Sun Funds is now fully allocated. FPL and the Florida PSC will review the results and consider continuing the program later this year.
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Federal Incentives - The Energy Policy Act of 2005
The Energy Policy Act of 2005 provides tax credits to offset the costs of purchasing solar systems for your home or business. Specific incentives include:
- A 30% Tax Credit for commercial PV or solar hot water systems with no maximum
- A 30% Tax Credit for residential PV or solar water systems with a $2,000 maximum
- Up to a $500 Tax Credit for qualifying energy efficiency upgrades in existing homes
- Up to a $2,000 Tax Credit to builders for each new construction home that achieves a 50% reduction in energy use compared with the national building energy code
- A $1.80 per sq. foot Tax Deduction for commercial building efficiency improvements that achieve a 50% improvement
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Florida State Incentives
The 2006 Florida Energy Act provides additional rebates & tax incentives to help reduce the costs of purchasing solar systems for your home/business. Specific incentives include:
- $500 Rebate for installing a residential solar water heater
- $100 Rebate for installing a solar pool heater
- $4/Watt - up to $20,000 for installing a solar electric system on your home
- $4/Watt - up to $100,000 for installing a solar electric system on business or public facility
- $15/BTU/Day up to $5,000 for installing a solar hot water system on your business
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Get Started Today!
• The Interstate Renewable Energy Council's Federal Solar Tax Incentives Question and Answer Podcast (17Mb .mp3)
