2025 Commercial Solar Incentives For Floridians
If you’re a business owner in Central Florida and are interested in going solar, you’ll be happy to know that there are some commercial solar incentives available for you to take advantage of.
Solar energy is not just a sustainable choice for your business, but can be a smart financial decision, especially if you take advantage of the incentives that our team at Solar Bear Orlando covers below.
Incentives for Commercial Businesses
The main incentive available for businesses that want to install solar panels is the Residential Clean Energy Credit, formally known as the Federal Solar Tax Credit. This credit allows companies to deduct 30% of the solar system’s cost from their federal income tax liability at the end of the year.
This credit will cover the entire cost of the solar panels, inverters, and battery storage, which can offer considerable savings. The best part? There is no cap on the value of the credit, and there are no income limits either.
To claim the credit, businesses will need to fill out IRS Form 5695 when they file their taxes for the year. And the credit will roll over to the next year if you don’t have tax liability in the year that you install the system, so it can be claimed the following year.
Also, Florida offers a state sales tax exemption on solar equipment and a 100% property tax exemption, and an 80% tax abatement for non-residential photovoltaic installations.
Note: This credit is 30% until 2032, and will decrease to 22% in 2033 and 2034.
Commercial Net Metering
Your business may also be eligible for net metering, where it can be credited for the electricity that your system generates and feeds back into the grid. Florida’s current net metering rules were put in place in 2008 and apply to customers who utilize these four utility companies:
- Florida Power & Light (FPL)
- Duke Energy Florida
- Tampa Electric Company (TECO)
- Florida Public Utilities Corporation
If you plan to sign up for net metering, we always recommend reaching out to your utility company to get information about rates, connection, and pertinent information that you will need to know about net metering.
Read More > How is Net Metering Calculated in Orlando?
Choose Solar for Your Business in 2025
If you want to learn more about how these incentives can benefit your business or if you have any questions about how to install a solar array at your Central Florida commercial property, reach out to our friendly team at Solar Bear Orlando at (727) 353-3886.
Let’s make 2025 the year your business shines bright with solar power!