Category: Uncategorized

Are you considering switching to solar power in Florida? With its abundant sunshine, it’s no wonder that more and more homeowners are turning to solar energy. However, the decision to invest in solar panels can be a daunting one, especially when it comes to financing options.

At Solar Bear Orlando, we understand that choosing the right payment plan is just as important as selecting the right equipment. That’s why we’ve put together this article to help you weigh the pros and cons of buying versus financing your solar panel system.

With our expert guidance, you can make an informed decision that fits both your budget and your energy needs.

Solar Investment: Is Financing or Buying the Way to Go?

If you’re considering switching to solar power in Florida, one of the first questions that may come to mind is whether it’s better to buy or finance your solar panels. The answer depends on a variety of factors, including your budget and how long you plan to stay in your home.

Here are some things to consider when making the decision:

• First, if you have the funds available, buying your solar panels outright can save you money in the long run. You’ll pay a larger upfront cost but will ultimately own your system and won’t have to worry about monthly payments or interest rates. Additionally, owning your system means you may be eligible for tax credits and other incentives that can further reduce the overall cost of installation.

• On the other hand, financing your solar panels can make them more accessible for those who don’t have a large lump sum available. Financing options typically allow homeowners to pay off their system over time with manageable monthly payments.

Let’s take a closer look at each option.

Considerations for Buying Solar Outright

If you take out a solar loan, you’ll need the lender’s approval for the design of your system. This means that you won’t have complete control over every aspect of your solar panel layout and setup. On the other hand, buying outright gives you greater flexibility and control over the design process.

Additionally, when purchasing a solar panel system outright, there is often more room for customization and personalization. You can work with a professional installer to create the exact layout and configuration that meets your specific needs and preferences.

Considerations for Financing a Solar Project

Before you apply for financing, it’s important to understand how borrowing affects your credit score. To qualify for financing, you’ll likely need a credit score above 650.

Your credit score reflects how reliable you are when it comes to paying back loans and debts. When you apply for financing, lenders will look at your credit report and use this information to determine whether they should lend money to you. If you have a high credit score, lenders will view you as a lower-risk borrower and more likely to approve your application.

It’s important to keep in mind that applying for new loans or lines of credit can also impact your credit score in the short term.

The good news is that if you qualify, monthly payments on a 15-year solar loan are often equal to or even less than your current power bill. This means that you can start enjoying the benefits of clean energy without breaking the bank.

Switch to Solar in Central Florida

Switching to solar energy is an investment that benefits both the environment and your wallet. With Solar Bear Orlando, you can trust that your transition to solar will be seamless and stress-free. Our team of experts will work with you every step of the way to ensure that your solar system is customized to fit your specific needs and budget whether you buy outright or finance your system.

Don’t wait any longer to make the switch—contact Solar Bear Orlando today at (727) 471-7442 to start saving on your energy bills and reducing your carbon footprint!

Living in an HOA community definitely has its benefits, but it can also come with a few limitations. If you’re an environmentally-conscious person looking to switch to solar, you may wonder if your HOA can prohibit or restrict your use of solar panels altogether. It’s a common question that comes up for residents living in HOA communities across the state. Read on to learn all the answers you need to know about whether Florida HOAs can restrict or prohibit solar panels, plus what you need to know about the installation process.

Florida Law Gives You the Right to Install Solar Energy Panels

Living in an HOA community definitely has its benefits, but it can also come with a few limitations. If you’re an environmentally-conscious individual looking to switch to solar, you may wonder if your HOA can prohibit or restrict your use of solar panels altogether. It’s a common question that comes up for residents living in HOA communities across the state. In this blog post, we’ll discuss whether or not Florida HOAs can restrict or prohibit solar panels, and what you need to know about the installation process.

Florida HOAs Do Have a Say in Solar Panel Installation

While your HOA cannot prohibit the installation of solar panels on buildings, it can have a say in the installation process. An HOA’s review board or committee can determine the specific location on which the panels are to be installed—but there are some restrictions put in place to make sure panels are installed in an effective orientation.

The solar panels should have an orientation to the south or within 45 degrees east or west of due south if such determination does not impair the effective operation of the solar collectors. This criteria ensures that the panels operate at their maximum potential, while also following the guidelines laid out by the HOA.

There are other factors to consider when it comes to installing solar panels, particularly within an HOA community. For example, some HOAs might require you to submit an application or proposal that outlines where the panels will be installed on your property.

Luckily, the typical application process is generally straightforward. It usually involves filling out a simple form that details the proposed installation location and production specs. The application typically goes through a review and approval process by the HOA to ensure that it meets the community’s guidelines and regulations.

Make the Switch to Solar Today!

Ultimately, your HOA cannot prohibit or restrict you from using solar panels on your property. This means you can take advantage of Florida’s abundant sunshine by installing solar panels to power your home. While you’ll need to follow your HOA’s installation guidelines and procedures, the application process is straightforward and easy to understand.

By investing in solar panels, you can reduce your carbon footprint, increase your home’s value, and save money on monthly energy bills. If you still have questions or need more information about how to install solar panels in your HOA community, contact Solar Bear of Tampa today at (727) 471-7442. We’re ready to answer all your questions about making the smart choice to switch to solar!

Are you considering making the switch to renewable energy? If so, solar energy is a fantastic option that is both eco-friendly and budget-friendly. In 2023 there are several great reasons why Florida residents should consider going solar.

From lower electricity bills to increased property value and tax incentives, there are many benefits to switching to solar energy. We’ll break down each reason and provide more information on how you can take advantage of these incentives. Let’s dive in!

Choosing to Go Solar

If you are considering going solar in Florida, 2023 is the year to do it! Not only will you be doing your part for the environment and saving money on energy costs, but several other reasons make NOW the perfect time to make the switch including:

#1. Reduced Energy Costs

Not only can switching to solar power reduce your carbon footprint, but it can also help lower your energy costs.

With solar panels installed on your roof or property, you’ll have access to clean and reliable energy without worrying about those monthly bills ever again.

#2. Tax Incentives

In Florida, there are several tax incentives available to homeowners who install solar panels on their property. First, there is a federal tax credit that allows you to deduct up to 26% of the cost of your solar panel system from your federal taxes.

This can amount to thousands of dollars in savings! Additionally, Florida offers an exemption on property taxes for any added value that your solar panel system provides.

#3. Increased Property Value

Installing solar panels can significantly increase your home’s value, as it demonstrates a commitment to reducing carbon emissions and lowering energy costs. In fact, studies have shown that homes with solar panels sell for up to 4% more than those without. Nice!

#4. Low Maintenance Costs

With minimal moving parts, solar panels require little upkeep and have a lifespan of 25-30 years.

One of the main reasons for the low maintenance costs associated with solar power is that it doesn’t require any fuel to generate electricity. Unlike traditional sources like coal or natural gas, which need regular refueling and servicing, solar panels simply soak up rays from the sun and convert them into energy.

This means that once your panels are installed, you can sit back and enjoy savings on your energy bills without worrying about ongoing repair costs.

#5. Protection Against Rising Energy Costs

Florida residents are not strangers to high energy bills, especially during the hot summer months. As energy costs continue to rise across the country, it’s important for homeowners to find ways to protect themselves against these increasing expenses.

With traditional electricity sources, homeowners are at the mercy of utility companies and their fluctuating rates, but not with solar power! Solar power offers a reliable and sustainable way for homeowners to generate their own electricity and reduce their reliance on traditional utility companies.

#6. Less Environmental Impacts

Not only does it provide a renewable energy source, but it also reduces environmental impacts. By using solar power, Floridians can decrease greenhouse gas emissions and reduce their carbon footprint.

One of the biggest benefits of solar power is that it produces no pollution or emissions during operation. Traditional energy sources such as coal-fired power plants emit harmful pollutants into the air and water, contributing to climate change.

Also, solar panels do not have any moving parts or produce any sound during operation which results in less environmental disturbance.

Go Solar In Central Florida

Going solar is a smart and sustainable choice for Central Florida homeowners. By switching to solar energy, they can save money on monthly electricity bills and reduce their carbon footprint.

With Solar Bear Orlando’s experienced team, you can trust that your solar installation will be top-quality and efficient. Don’t hesitate to make the switch to solar today! Contact us for a free consultation at (727) 471-7442 and start reaping the benefits of solar power!

Solar power has become a popular upgrade for homeowners looking to reduce their dependence on non-renewable energy sources. While embracing solar energy to power your home comes with some upfront costs, there are financing options available that make the transition to solar energy more affordable. These generous financing offers can help reduce the upfront costs and spread them out over time, making it easier on your wallet. Here’s what you need to know about solar panel financing for 2023.

1. Pay With Cash If Possible

While there are various ways to finance your solar investment, paying with cash is undoubtedly the best option, if you have the cash on hand. Not only does it provide immediate relief in the form of lower energy bills, but you can also create surplus power that you can sell back to the grid. Plus, without any monthly payments or interest rates to worry about, you are free to enjoy the full benefits of your investment without any lingering financial burdens.

2. If You Can Already Cover Your Electric Bills, You Can Cover a Solar Loan

More and more homeowners are applying for solar loans—and for good reason. These loans function much like typical loans but with a focus on solar panels. The concept is simple enough: if you can afford your current electric bill, you should be able to handle the payments for a solar loan.

Once the loan has been paid off, you’ll own the solar panels outright, meaning you can continue to enjoy the benefits of free energy for years to come. Of course, owning the panels also means that you’ll need to take care of any maintenance or servicing that they require, but the long-term savings make it more than worth it.

3. Cash-Out Refinance or HELOC May Be an Option

Planning to refinance your mortgage? A cash-out refinance can help you pay for your new solar energy system. This option allows you to access the equity in your home so you can use the funds for much-needed home improvements or to pay off other debt.

Another option is a home equity line of credit (HELOC), which can function like a lower-interest credit card, giving you access to cash for your solar panel installation or other home projects. With these financing options, you’ll have the convenience of easy access to cash or a low-interest loan to help you transition to solar energy.

Making the Switch to Solar Has Never Been Better for Your Wallet

If you’re looking to save some money and reduce your carbon footprint, it’s time to consider making the switch to solar energy. With today’s financing programs and generous grants and tax rebates, it’s never been more affordable to make the transition. Not only will you be helping the environment, but you’ll also save instantly on your energy bills. If you’re ready to say goodbye to expensive utility bills and hello to a more sustainable future, reach out to the solar experts at Solar Bear of Tampa today at (727) 471-7442!