Solar Lights & More Can Help Identify Federal Tax Credits

As part of a collective effort to decrease reliance on fossil fuels, there is an abundance of federal solar tax credits available to property owners who opt for solar energy systems. The team at Solar Lights & More has been servicing Ocala, FL and the surrounding area for more than 20 years, so we are aware of all the tax incentives and rebates available when you go off the grid. When you are considering residential or commercial solar panels or systems, be sure to ask us about solar federal tax credits. We will highlight ways you can save money immediately and over time.

Federal Solar Tax Credits Are Available Now

The Bipartisan Budget Act of 2018 made investing in renewable solar energy more cost-effective and desirable than ever before. But it also placed a premium on urgency. Homeowners who install solar energy systems and home builders who include solar panels in new construction projects between now and January 1, 2021, are eligible for a 26% federal tax credit. However, that figure dips to 22% for systems placed in service during 2021 and expires after December 31, 2021. There will never be a better time to install a solar energy system for your home or office, so reach out to Solar Lights & More for a free consultation today.

Florida’s Net Metering Program Allows You to Earn Money

In some months, your solar power system may be able to generate more energy than you use. Rather than letting that energy go to waste, your utility company can buy that surplus energy through Florida’s net metering program. This not only helps protect the environment and reduce the use of fossil fuels but allows you to earn credits to put toward your electricity bill in future months. Powering your home using solar energy then becomes more than merely a cost-saver; it turns into a moneymaker.

Enjoy State Property Tax Exemptions for Home Solar Panels

In addition to federal tax credits for solar energy systems, Florida property owners can take advantage of the state’s Property Tax Abatement for Renewable Energy Property. This provides a 100% property tax exemption for residential renewable energy property and an 80% property tax abatement for non-residential renewable energy property. This state property tax incentive applies to all solar energy collectors, photovoltaic modules, and inverters through 2037.

Solar Energy Systems Are Exempt from Sales Tax

To further complement federal and state property tax incentives, Florida’s Solar and CHP Sales Tax Exemption guarantees that you will not pay sales tax on any solar energy system you purchase for your home or office. Solar Lights & More will document all exempt sales, so you never have to worry about any of the paperwork associated with this exemption. You can simply enjoy the benefits of solar energy throughout your home at competitive upfront pricing and keep the 6% you would have otherwise spent in taxes.

Contact Solar Lights & More to Learn About Tax Incentives

There is a concerted effort among state and federal officials to reduce dependence on fossil fuels and become more eco-friendly by using solar energy solutions. As a result, there are numerous federal tax credits and local incentives available to anyone considering residential or commercial solar panel installation in Ocala, FL. The process is easy. For federal tax solar credits, you must complete and submit Form 5695 with your taxes. Our team can help, but you will also find additional information at https://www.energystar.gov/about/taxcredits. Look for links to “Solar Panels” and “Solar Water Heaters.” As always, contact us to learn more or schedule a free solar energy consultation.

Why Choose Us?

  • State Certified Solar Contractor
  • High Tech and High Quality Solar Products
  • Cost effective and Clean Energy
  • Increase Property Value
  • Tax Incentives
  • Exceptional Warranties On All Products
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