Solar panels are a great way to power your home in a green and environmentally-friendly manner. They also save you money in the long run. With the cost of electricity skyrocketing, going solar is a no-brainer! And if you’re considering a Tampa solar panel installation, here are some tips to help you get started.
Solar energy system increases resale value of your home
Installing a solar energy system can increase the resale value of your home. It is environmentally friendly and adds a unique feature to your home. Though the upfront costs are high, they are soon offset by the savings that you will receive on your power bill. A solar array will add up to 20% to the value of your home. To maximize the impact of your solar array, you should consult an experienced solar dealer. In addition to solar panels, a solar dealer can install electrical conduit in the attic and relocate roof vents.
Home buyers consider solar panels as upgrades and are willing to pay up to $15,000 more for a home with them than one without. This means that even a modestly-sized solar array can increase the value of your home significantly. In addition, homes with solar panels sell faster than comparable houses without them.
Tax credit for solar energy
Solar panels are one of the best ways to produce clean energy for your home, especially if you live in Tampa. Solar panels can help you reduce energy bills and earn a tax credit in the process. Solar panels can also increase the value of your property. In addition, they can help you avoid Net-Metering requirements.
Solar panels and power systems are exempt from sales tax in the state of Florida. In addition, solar tax credits are available from the federal government. These credits cover up to 26% of the cost of your solar power system. You can carry over your unused credits to the following tax year.
Cost of solar energy system
The cost of a solar energy system varies from state to state. Some states offer tax incentives and others do not. The federal ITC, also known as the solar tax credit, can help you offset the initial investment. You can deduct up to 26% of the total cost in the first year of ownership. You can also get additional state or local incentives. Some utilities will even offer up to a 20 percent rebate on your installation. These incentives can add up to a significant savings.
In the United States, the cost of a solar system per watt varies from $2.50 to $3.50, depending on the size of the system. In the Southern and New England regions, the cost is higher. However, this does not mean that solar energy is less effective there. The return on investment will vary depending on the size and location of your system.
Choosing the right size solar panel kit for your Tampa home
First, you must know how much energy your home uses daily. To determine this, divide your average daily kWh usage by the amount of sun hours in Tampa. This amount should be close to four hours. You should also take into account the energy requirements of any plugged-in appliances, such as an air conditioner.
Next, you should know what size solar panel you need for your home. Different solar panel kits cost more or less, depending on how many square feet they cover. You should also know how much power the panels can produce. The larger the solar panels, the more energy they produce.
The best solar panel kit is the one that provides the most power for the price. The best solar panels contain components from the most reliable manufacturers and come with solid warranties. They also have additional features, including solar inverters.
Financing options for solar energy system
If you’re in the market for a solar energy system for your Tampa, Florida home, you’ll want to learn about your financing options. While it’s always better to have cash up front, there are some options available that won’t require a large down payment. These options include $0-down loans and solar leases.
Federal tax credits are an excellent option for financing a solar energy system. These credits can be gotten immediately, which means that you’ll save money on your electricity bill the first year. You can even receive tax benefits if you purchase your solar panels outright. However, you need to remember that federal tax credits will end after 2020, so your savings will go down to zero.
Depending on the size of your Tampa home, you can choose from economy or standard solar panel systems. An economy solar panel system may be adequate for small or medium-sized homes, but a mid-range or premium solar panel system might be more suitable for a larger home. Generally, a higher-end system will produce more energy and will be eligible for net-metering and Florida solar tax credits.