Residential Solar Rebates - FPL, TECO, Progress Energy
(Looking for Commercial Solar Incentives? )
Florida Power & Light | Tampa Electric | Progress Energy Florida
GREAT NEWS FOR SOLAR From Florida Power and Light!
Florida Power and Light received approval from the Florida Public Service Commission (FPSC) to expand its current lineup of energy-efficiency programs for customers. In addition to existing programs, $$$ Cash Rebates will be offered by FP&L this year to help customers install qualifying solar energy systems.
Qualifying systems include:
- Residential Solar Water Heating - $1,000 cash rebate to existing customers for installing new Solar Water Heating systems at their homes.
- Residential Solar Electric PV Systems - Cash rebates up to $20,000 to existing customers who install Solar Electric PV systems at their homes.
- Business Solar Water Heating – Cash rebates up to $50,000 to existing customers who install Solar Water Heating systems at their business.
- Business Solar Electric PV Systems - Cash rebates up to $50,000 to existing customers who install Solar Electric PV systems at their business.
NOTE: The availability of these incentives will be limited and will be offered on a first-come, first-served reservation basis. ACT NOW! CALL FOR DETAILS!
NOTE: The best prepared customers will be in the best position to receive a $$$ Solar Rebate.
Great News for Solar From Tampa Electric!
Tampa Electric received approval from the Florida Public Service Commission (FPSC) to expand its current lineup of energy-effeciency programs for customers. In addition to the new programs and enhancements to existing programs, $1.53 million in incentives will be offered by Tampa Electric each year for five years to help customers install renewable technologies. Those measures include:
- Residential Solar Water Heating - Provides customer incentives up to $1,000 for installing new solar water heating systems.
- Solar PV Systems - Provides incentives up to $20,000 to customers who install Solar Electric PV systems at their homes or businesses.
- PV for Schools - Tampa Electric will install five 10-kilowatt (kW) systems with battery backup power (one school per year over five years) at schools that also can function as emergency shelters. The PV technology will provide educational opportunities to teachers and students.
- Low-Income Solar Water Heating - Solar water heating systems will be available for installation on new construction in collaboration with nonprofit building organizations.
NOTE: The availability of these incentives will be limited and will be offered on a first-come, first-served reservation basis. ACT NOW! CALL FOR DETAILS!
NOTE: The best prepared customers will be in the best position to receive a $$$ Solar Rebate.
The Federal Solar Tax Credit now just got MUCH better. Now you can receive the full 30% tax credit on your PV Solar Electric or Solar Water Heating System installation. There has never been a better time to go solar! ACT NOW!
Progress Energy Florida Offers Rebates for Solar Panels
Starting Oct. 4, Progress Energy customers can apply for the utility's 2012 SunSense program that gives up to $2 for every watt of solar panels they install on their home or business.
Progress Energy is making $1 million available to residential and commercial customers each year through 2014 for rebates on the installation of new solar panel systems.
The utility first made the rebates available in March and, within two days, all the 2011 funds were gone.
"The SunSense program is a key component of our strategy to assist those customers interested in investing in solar technology," said Vincent Dolan, president and chief executive officer of Progress Energy Florida. "We were pleased with the level of interest demonstrated when the 2011 rebates became available, and we're hoping for a similar response this time around."
In addition to the rebate program for solar panel installation, Progress Energy also offers a solar water heating program that provides rebates of $550 toward the installation of a qualifying system. And through its SunSense Schools Program, the company is partnering with schools serving as emergency shelters to install a 10-kilowatt solar systems.
• SARASOTA COUNTY SOLAR ENERGY INCENTIVE PROGRAM
Effective August 6, 2010 Sarasota County is launching an Incentive Program for the installation of solar energy systems. Under this county Rebate program any resident who purchases and installs a new Solar Water Heating system, from August 6, 2010 until the funds are exhausted, is eligible for the rebate.
*Solar Water Heater Incentive Program
-$750.00 rebate per residence
* Includes unincorporated Sarasota County, City of Sarasota, City of Venice and City of North Port.
• 30% FEDERAL TAX CREDIT
Under this legislation, homeowners are entitled to receive a federal tax credit worth 30% for a qualified solar energy system.
A homeowner who installs a solar energy system can qualify for a federal tax credit worth 30% of the installed cost. If for example, you have a $7,000 system installed, your credit would be $2,100, a $5,000 installation would be $1,500 and a $6,000 installation would be $1,800.
A tax credit offers significantly more financial savings to buyers than a tax deduction. A tax deduction is subtracted from the income before tax liability is computed. The tax credit is subtracted directly from the total tax liability. This means a tax credit offers more savings to the consumer than the tax deduction. For a comparison, a tax credit of $1,000 for a taxpayer in the 28% tax bracket is the equivalent of a tax deduction of $3,751.
*While we have made great efforts to describe these tax incentives accurately, we cannot provide tax advice and suggest you contact a tax professional with any questions specific to your situation.
NOTE: Congress has extended the federal Solar Energy Tax Credit program through the end of 2016.
• NET METERING
Net metering allows you to draw on utility power when it is needed and to sell power to the utility company when your solar electric system produces a surplus. Net metering legislation states that the utility company must credit you at retail rates (the same rate they would have charged you). Therefore, you will be credited for power fed back to the utility company from your solar power / photovoltaic system at the same kilowatt hour rate at the same kilowatt rate that the power company charges you.
Read the Public Service Commission's News Release for Net Metering.
The following links are a reference for investor-owned utilities Net Metering Programs & Fees.
- Florida Power & Light (click “Learn More” under each the three customer Tiers for documents)
- Progress Energy
- Tampa Electric
• SOLAR ENERGY SYSTEM SALES TAX EXEMPTION
Florida Law exempts solar energy systems and all components of such systems from sales and use tax. The term “solar energy system” means the equipment and requisite hardware that provide and are used for collecting, transferring, converting, storing, or using incidental solar energy for water heating, space heating and cooling, or other applications that would otherwise require the use of a conventional source of energy such as petroleum products, natural gas, manufactured gas, or electricity. This includes solar power / photovoltaic systems, solar water heaters, solar pool heaters and solar lighting.
