Panama City Solar Panel Company
Panama City in the Florida Panhandle along the Emerald Coast is adopting solar energy to lower energy costs and adopt clean energy. With its luxurious resorts, gorgeous beaches, and year-round sunshine, Panama City residents can now take advantage of the savings solar panels offer. When you use Panama City solar panels to harness the power of the sun, you can save money by lowering your electric bill, and help keep the beaches of Panama City beautiful. With over 230 days of sun, and $0 down financing available, getting Panama City solar panels is now more affordable. Let us handle all the details and you handle all the savings.
And not only are Panama City solar panels a great investment, there’s incentives you can use to help pay for them! In addition to the 30% federal solar investment tax credit, there’s also state incentives that are available. Sunpro Solar is here to help you learn all about these opportunities.
- 30% Federal Solar Tax Credit
- Sales Tax Exemption
- Net Metering
- Property Tax Exemption
30% Federal Tax Credit for Panama City Homeowners
If you’ve been thinking of getting a solar energy system in Panama City, there’s a chance you’ve heard about this. The federal solar tax credit is offered by the federal government to people who want to switch to solar power. With this, they can get 30% of the total cost of their solar panel system back in tax credits. This means that the price is essentially cut by a third, making solar panel costs more affordable to more people. Thousands of Panama City homeowners have been able to make the switch to green, renewable energy thanks to this wonderful incentive.
However, the federal solar tax credit is ending. 2019 is the last year to receive the full 30% for commercial or residential solar panel system. Starting in 2020, it’s reduced to 26%, and again in 2021 to 22%. By 2022, it’s just 10% for commercial, and there’s no tax credits available at all for residential solar panel systems. So if you’re seriously considering going solar in Panama City, you should act as soon as possible so you can take advantage of this generous incentive.
Sales Tax Exemption for Panama City Solar Panels
Everyone is familiar with the concept of sales tax. It adds on extra cost to everything you buy- except solar panels. In the state of Florida, solar panels are immune from the 6% sales tax that you would otherwise have to pay. That means that you don’t have to do any extra saving when you want to buy your Panama City solar panels!
To show you how great that is, imagine you’ve purchased a solar system for $10,000. The sales tax on that, if you had to pay it, would be $600. But you don’t have to pay it, so that’s $600 you can keep!
Net Metering in Panama City, Florida
Solar panels will help you save on your average monthly bill from your utility company, but there’s also another way it helps you with electricity. It’s called net metering, and it’s a very good program for those who own solar panels.
When you install Panama City solar panels, those panels will produce electricity for you whenever the sun is shining, even if you aren’t at your house. But what about surplus power that’s produced? If your solar panel system is connected to your utility grid, then the extra electricity will be sent to the grid. When that happens, your utility company will credit your account a certain amount for every kW your solar panels produce that the grid receives. So if you’ve had a particularly productive month, your electric bill could even be reduced to $0!
Thanks to the state government, net metering is offered throughout Florida, so no matter what utility you use, you’ll have access to net metering. That includes Panama City. Currently, Gulf Power provides electricity to Panama City.
There are three Tiers for solar panel systems, depending on the size.
Property Tax Exemption in Panama City
When you install Panama City solar panels on your home, you also get the delightful perk of having your home’s value also go up. Solar panels, on average, raise a home’s value by $15,000 or more, which is fantastic news for you if you decide to ever sell your home. It also means, however, that your property taxes also go up. While that’s not the end of the world, it’s also not fun either.
But don’t you worry about that! Solar panels in Panama City, like every other city in the state of Florida, are property tax exempt! So if you were about to pull out a calculator to see how much more you’d be paying in property tax, forget about it! You can have the added value without having to pay for it. It doesn’t get much better than that!
Reliable, Local Panama City Solar Company Sunpro Solar
Sunpro Solar knows that it is vital that our customers have complete confidence in their solar installers. We stand out from other solar companies for a few reasons. We only use solar panels from the highest quality brands, such as LG, and Silfab. We use Enphase microinverters, and our installations are performed by certified, experienced solar installers.
Our Panama City solar installations include:
- 25 Year Labor Warranty
- 25 Year Production Guarantee
- Enphase Warranty
- Multiple Finance Options
Sunpro Solar will install your Panama City solar panels according to strict industry standards, and we stand behind our work. If you have any questions, or you’d like to learn more about Sunpro Solar, contact our expert consultants today.