What Federal And Local Solar Incentives Are Offered To Orlando Residents?
If you’re considering going solar, several federal and local incentives are available to help take the sting out of the price of installing solar. In this guide, our team at Solar Bear Orlando shares everything you need to know about these solar incentives and how to make the most of them. Let’s go!
Federal Incentives
One of the most exciting incentives available to homeowners who are installing solar is the Federal Investment Tax Credit (ITC). It allows people to deduct a large percentage of their solar installation costs when they file their yearly taxes.
As of the beginning of 2025, the rate is set at 30%, and it will stay at this percentage until 2033, when it will drop to 26%.
State and Local Incentives
In addition to the ITC, Florida residents can take advantage of several local and state incentives, including:
Florida Solar Rebate Program
This Florida-specific program offers rebates to homeowners who install solar systems. The funds are limited each year and can run out, so it is important to apply for it as soon as possible once you choose to go solar.
Property Tax Exemption
Solar energy systems are exempt from property taxes in Florida, which is an amazing perk! Usually, if you make home improvements, it will increase your property tax bill due to the increase in the value of your home. But not for solar. We call that a big win!
Net Metering
Duke Energy in the Orlando area offers net metering, which allows homeowners with solar systems to receive credits for the excess energy that their systems produce. This means that on sunny days, when your panels are generating more energy than your home uses, those credits can offset your electricity costs on cloudy or rainy days.
Tips to Maximize Your Savings
To help you make the most of these incentives, follow these tips from our team at Solar Bear Orlando:
- Research: Keep an eye out for updates to both federal and local incentives. Programs and percentages can change, so staying informed can help you find the best opportunities.
- Consult with our Team: We recommend reaching out to our team at Solar Bear Orlando if you are unsure what incentives you may be eligible for. We are always here to help navigate the ins and outs of which to apply for and how to do it!
- Plan Your Install: Choosing the best time for your installation can affect the available incentives, so make sure to keep this in mind during the planning process.
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Choose Solar Bear Orlando
It’s a great time to go solar in Orlando, and with so many incentives available, going solar is now more accessible than ever. If you have any questions about the ITC or local incentives, reach out to our team at Solar Bear Orlando. We are always happy to help our community take advantage of Florida’s abundant sunshine!
Ready to get started? Contact us for a solar installation quote today at (727) 471-7442!