If you’ve been waiting to go solar, now is the time to pay attention and make a decision, because the federal solar tax credit is starting to wind down. As utility companies continue to raise rates, the timing of installing your system couldn’t be more important.
Follow along as our team at Solar Bear Orlando shares what the tax credit ending could mean for your solar project.
The Federal Solar Tax Credit: What’s Changing
The federal solar tax credit (also called the ITC) has helped millions of homeowners in Central Florida make the switch to solar energy by covering 30% of installation costs. But that credit is scheduled to phase out after December 31st, 2025, meaning that systems installed later could miss out on thousands of dollars in savings.
For many homeowners, that 30% credit makes a huge difference. It can bring a $25,000 system down to $17,500, which is significant savings! And once the ITC expires, the cost to go solar will rise accordingly.
Meanwhile… Electric Rates Keep Rising
For the past few years, electricity costs have been trending in one direction: up, and in Central Florida, residents have already seen several rate hikes from Duke Energy. Between population growth, AI data centers, the demand from electric vehicles, and aging energy infrastructure, rising costs are just going to continue.
Plus, if fewer people choose to install solar due to the ITC phase-out, the power grid could face higher demand, since it wouldn’t receive the same influx of energy from homeowners that it would if solar installations were still incentivized with the tax credit.
The ending of the tax credit adds urgency to something that many homeowners have already been considering, and the time to act is NOW.
Why Acting Now Makes Sense
Every month that you wait to go solar means higher energy costs and one less month generating your own power from the sun. With the end of the year fast approaching, the demand for solar installations is likely going to spike as the ITC deadline nears. We recommend getting started as soon as possible so you can secure your tax credit and your spot on our schedule.
We do want to mention that even with the ITC, solar is a great investment, especially in Florida, where our sun shines almost every day. Plus, net metering programs in Central Florida allow homeowners to sell any excess energy back to the grid, which is a great perk!
Read More > 5 Reasons Solar Is Still A Smart Investment – Even Without The Tax Break
How Solar Bear Orlando Can Help
At Solar Bear Orlando, we make the process of going solar simple and stress-free. Our team handles everything, from evaluating your home’s solar potential to offering financing options and managing the entire installation process.
We’ll also calculate your potential energy savings, estimate your payback period, and make sure your system is ready to qualify for the full federal credit before time runs out at the end of the year.
Don’t Wait for Rates to Rise Again
The bottom line? The solar tax credit is ending in just a couple of months, but the value of solar power isn’t. With electricity costs continuing to climb, going solar now may be one of the smartest financial decisions you can make for your family’s financial security.
If you’re curious how much you could save, or just want to see if solar makes sense for your home, call our friendly team at Solar Bear Orlando at (727) 353-3886 today for a free, no-hassle consultation! We can’t wait to help you go solar!