The Benefits of Destin Solar Power
Destin, Florida, known for being part of the “Emerald Coast”, its white sandy beaches, and the title “Luckiest Fishing Village in the World”, is a place where families enjoy plenty of sunshine. With more than 220 days of sunlight and warmer winters, this coastal town is perfect for harnessing the power of sunshine. By switching to Destin solar power, residents can keep their ocean, beaches, and surrounding areas beautiful and pollution-free. Not only that, solar panels will help Destin homeowners achieve long-term savings by reducing monthly utility bills significantly.
With $0 down financing options, the 30% federal solar tax credit, and other state incentives offered by Florida, now is the most affordable time to make the switch to solar. Let the sunshine power your home with Destin solar power, and cash in on the sunlight!
- The Federal Solar Tax Credit
- Net Metering
- Property Tax Exemption
- Sales Tax Exemption
Using the Federal Tax Credit to get Destin Solar Power
The federal government, in an attempt to create more interest in switching to renewable energy, put together this amazing incentive. From now until the end of 2019, you can purchase a solar panel system, and receive 30% of the total cost back in tax credits. So if your solar panel system cost you $17,000, you’d get $5,100 back in tax credits. That would reduce your overall costs to just $11,900!
Sounds great, right? But you’ll need to act fast to get the whole 30% tax credit, as it’s reduced to 26% in 2020, and then 22% in 2021. It disappears completely for residential solar power systems in 2022, and commercial systems are only eligible for a 10% credit. If you’re serious about going solar, you should consider taking advantage of this while it’s still available.
Net Metering for Solar Panels in Destin, Florida
Destin is ideal for solar panels for a few reasons. Firstly, the city gets tons of natural sunlight, which means the panels generate more energy, and secondly, Florida has statewide net metering.
Net metering is when you sell any excess energy produced by your solar panels back to your utility grid. So if it’s an especially sunny afternoon, but you aren’t home, your solar panels will likely generate a surplus of energy. That extra power will be sent to your grid, and your electric utility account will be credited for each kW produced. So not only are you reducing the amount of electricity you use from your grid, you’re reducing your bill on top of that, too! You could have a power bill of $0, or even a negative balance.
There are two electric utility companies who provide power to the fair town of Destin: Gulf Power, and Choctawhatchee Electric Cooperative (or CHECLO for short). Their requirements for net metering are listed in the table below.
There are three tiers for solar panel systems, depending on the size.
There are three tiers for solar panel systems, depending on the size. Specific requirements may vary depending on the tier.
Sunpro Solar works directly with your utility company to ensure that all requirements are met for interconnection on your behalf. The information above is current as of this publication date. Please contact your utility company for current net metering requirements.
Property Tax Exemption for Solar Panels
Having your own home or business is very exciting, but having to pay property taxes is a little less so. And since solar panels add value to your home, they also add to your property taxes. That is, unless you live in Florida. The Florida state government has generously waived property taxes for value added by solar panels.
So when you go solar in Destin, you can rest assured that your home’s property taxes will stay the same, even with your new solar panel system. So if you ever need to sell your Destin home, you have extra seller’s power without having to pay extra for it.
Solar Panels Sales Tax Exemption in Destin, FL
The current sales tax in Florida is 6%, which means that everything you buy has 6% of the total cost tacked onto the end of the price. That can get very annoying, especially when it comes to larger purchases. But when it comes to solar panels on Destin homes, that sales tax goes right out the window. Because Florida knows that solar energy is a great thing, solar panels are sales tax exempt. So you can get your solar panels in Destin without worrying about paying extra for the sales tax!
Destin Solar Panel Company Sunpro Solar
Choosing a reliable, local Destin solar company is important. Sunpro Solar provides everything that you look for in a Destin solar installation company. From the quality of materials, such as LG and Silfab solar panels, to the high quality of customer service, to the experience of our installation technicians, Sunpro Solar is here to provide you with nothing less than the absolute best for your Destin home.
We believe in our work here at Sunpro Solar, and we strive to prove ourselves to our customers. To show our level of commitment, each Sunpro Solar installation also comes with the following:
- A free home energy audit to make certain your home is energy efficient
- A 25 year labor warranty
- A 25 year production warranty
We provide services throughout the Emerald Coast including Rosemary Beach, Sandestin, Grayton Beach, and more. If you’d like to schedule a free, no hassle consultation, or if you have any questions, contact our solar experts today.