RESIDENTIAL SOLAR POWER FLORIDA INCENTIVES AND REBATES

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RESIDENTIAL SOLAR POWER FLORIDA INCENTIVES AND
REBATES
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• Theres no better time than the present to
  consider a residential solar energy system
  Florida. New laws have been implemented that
  offer rebates and incentives on owning solar
  panels which are contributing to steady decreases
  in prices.
• This guide will provide you a summary of Florida
  solar power incentives and rebates.

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Investment Tax Credit (ITC)

• If youre thinking about purchasing your solar
  panel system outright, you can opt for the 30
  Federal Tax Credit or ITC. This particular
  incentive enables homeowners get a 30 tax credit
  based on the cost of their solar power system. An
  average solar system of 5kW can cost up to
  16,250. With the ITC, the cost drops
  significantly to 11,375.
• Other state-run incentives which can maximize
  solar return on investments include the Florida
  Property Tax Exemption for residential renewable
  energy properties and Florida Solar and CHP sales
  tax exemption.

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Property Assessed Clean Energy (PACE)

• When you install a solar system on your property
  in Florida, it can increase the property
  assessment value as well, consequently raising
  your property taxes. The PACE financing program
  enables homeowners to pay back their solar loans
  via payment of additional property taxes.

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Florida Solar CHP Sales Tax Exemption

• This a second solar incentive for residents in
  Florida. It provides an exemption from paying
  sales and use tax on solar panel systems.
  Floridas sales tax rate is 6 which would add a
  further 975 on a 16,250 solar system. In
  addition, there are no further taxes levied on
  the use of your system. These exemptions can help
  consumers save thousands of dollars over time.

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Florida Solar Loans

• The option of taking out a loan to purchase your
  own solar system was only recently made possible.
  There are several benefits of opting for a solar
  loan such as no down payments, low loan payments
  and you can still qualify for the 30 ITC credit.
  The loan payments are lower than how you pay for
  your utility bill. You simply need to remain
  consistent in loan repayments which will enable
  you to save thousands of dollar in the long run.

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Florida Solar Leasing

• Leasing a solar panel system in Florida is
  slightly different than in the other states.
  Power purchase agreements, which enable a solar
  or utility company to own your solar system and
  sell you back the electricity at a cheaper rate,
  is not allowed in Florida. In the model adopted
  by the sunshine state, customers must pay a
  monthly lease-fee to use their panels and the
  solar electricity produced by them. Theyre also
  required to pay a monthly electric bill as well
  as the lease payment. This is usually a small
  amount. The savings are equal to electricity bill
  savings subtracted by lease payment.

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• By opting for a residential solar power Florida
  system, you can take advantage of significant
  savings as well help the environment. To learn
  more about solar incentives and rebates or to get
  started with your solar panel system, contact
  PROPERTY SOLUTIONS FL.

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Contact Us Contact No. 1-800-511-0184 Email
info_at_propertysolutionsfl.com Address 12268 NW
106 Court, Medley, FL, 33178 Website
http//www.propertysolutionsfl.com/solar-systems/