In addition to being a great market for solar development, Florida also offers a number of incentives for solar installations. The most significant incentive is the state’s solar rebate program, which offers up to $20 per kilowatt-hour (kWh) of installed capacity. This rebate is available for both residential and commercial installations, and it can significantly reduce the cost of going solar.
In addition to the state rebate, many utilities in Florida offer their own solar rebates. These programs vary from utility to utility, but they can provide an additional discount on the cost of a solar installation.
Florida also offers a number of tax incentives for solar energy systems. Homeowners and businesses that install solar panels may be eligible for a property tax exemption, as well as a sales tax exemption. These exemptions can save thousands of dollars on the cost of a solar installation.