Explore Solar in St. Petersburg, Florida
St. Petersburg, Florida residents should explore going solar for many benefits. Whether for commercial applications or for your home (residential) electricity, saving money is in the forefront. If you have many questions regarding solar power you should trust experts in the field. This is where Powerbill Solutions comes in. We have been providing advice to homeowners and businesses who wish to explore solar options for many years.
Going solar in St. Petersburg, Florida is not just about environmental concerns or even “going green.” Yes, thinking about Mother Nature is important in regards to solar energy, but having solar power to your home or business may raise property values and help in saving money on utility costs. Furthermore, the tax benefits make deals on solar panels that much more appealing. The solar experts at Powerbill Solutions have found that that adding a solar energy system may increase the value of your home by up to 20 times the annual electric bill!
It’s important to note that financial benefits of solar are not the same in every city across the country. Many people are surprised to learn that tax incentives, net-metering and other programs can vary from state to state and even from city to city. This is why it’s important to learn the benefits of solar power in your particular locality before shopping. As such, there are many more advantages of solar power that the residents of St. Petersburg, Florida can take advantage of.
Tax Benefits of Solar in St. Petersburg, Florida
1) St. Petersburg, Florida solar customers qualify for a generous 26% federal tax credit offered by the federal government. This federal tax credit is of the total cost of your solar system. This credit should be checked year to year as it may change based on legislation. Powerbill Solutions has assisted customers in enjoy this 26% federal tax credit after going solar. The credit also allows you to offset the costs of your battery back-up solar systems. With the help of this credit, your net costs of solar power are reduced significantly. The result is that you can obtain a higher return with your net -metered solar system.,
What does this all mean to you as a solar power customer? St. Petersburg, Florida solar customers also pay no property taxes or sales taxes on solar installations. So you may have a 100% sales tax exemption for the new solar system! As per the Florida Department of Revenue, “Florida Law exempts from sales and use tax solar energy systems and all components of such systems.”
With respect to property, homeowners who purchase and install a solar energy system can take advantage of a property tax exemption called the “Property Tax Abatement for Renewable Energy.” This incentive provides a 100% property tax exemption for residential and 80% tax abatement for non-residential.
Solar Impact on Property Values in St. Petersburg, Florida
As mentioned earlier, adding a solar energy system to your home can raise the value of your home by up to 20 times the annual electric bill. Keeping this in mind, when considering buying a home in St. Petersburg, Florida, it is an ultimate fact that the residential area that provides free electricity for the next few decades would hold a higher value than a similar house that does not include this feature. Solar power is the ultimate key behind this increase in property value. No doubt, if you add solar to your residence, the increase in value percentage of your house may quadruple, WITHOUT even entailing any property tax.
St. Petersburg, Florida Net Metering
Do not be confused by the term Net-metering. In simple terms, Net Metering allows for your electric meter to run backwards when excessive energy is produced. What this means is that if your house generates more power than the amount that is being utilized, then your meter will run backwards thus saving you a lot of hefty costs. Best of all, St. Petersburg, Florida solar customers can net meter with their utility to get energy credits to reduce their electric bill.
If you take advantage of net-metering in St. Petersburg, Florida you would not be alone. Around 60,000 residents and business owners in Florida take part in rooftop solar that gives them a credit for the extra energy they produce. Currently, in St. Petersburg, Florida, net metering is available through St. Petersburg, Florida Electric (TECO energy). TECO is responsible for having the highest percentage of installed solar as of 2019. So what better way to start your solar journey than to initiate it with the help of PowerBill Solutions?
St. Petersburg, Florida Solar Costs
Solar costs vary in the market by a significant amount as there are a lot of determinants of these costs. Along with the size of your home, power usage and even the availability of solar incentives, along with many other factors, are huge contributors towards estimating the solar cost. The good news is however that Florida has some generous solar incentives, which makes St. Petersburg, Florida one of the most affordable places to make the switch to solar. Even with the varying costs of solar in the market, Powerbill Solutions has gained a loyal following because we can actually save you thousands, if not tens-of-thousands on solar power installation when compared to the quotes of the national solar companies. Our best advice for figuring out solar costs in St. Petersburg, Florida? Get a quote from Powerbill Solutions. Unlike our competitors, we won’t pressure you into technology you don’t need.