Solar Company Tampa, Fl.
At Circuit Electric Solar, our mission is to be the finest renewable energy supplier in Tampa, focusing on assisting homeowners and business owners in reducing their carbon footprint in order to speed the world’s transition to sustainable energy while lowering their costs.
Solar is CLEAN Energy
Using solar power reduces the amount of greenhouse gasses and other pollutants that are released into the atmosphere.
GENERATE YOUR OWN ENERGY
Installing a solar system releases you from the dependence on your local utility, saving you thousands of dollars.
Invest in your own Energy
The expected return on your investment in solar energy is greater than you think. Many times it will outpace standard financial instruments such as stocks, bonds, mutual funds, and CD's.
Looking For Tampa's Top Solar Company?
Circuit Electric Solar is a team of specialized solar installers for your Tampa home or business. Our mission is to be the finest renewable energy supplier, focusing on assisting homeowners and business owners in reducing their carbon footprint in order to speed the world's transition to sustainable energy while lowering their costs. Because of the huge demand from our consumers, CES Solar was formed to provide solar panels and energy efficiency solutions. Our objective is to deliver a better solution at a cheaper rate. Our business strategy helps us do that by eliminating industry-standard inflated sales commissions and restricting regional offices, resulting in reduced consumer pricing for high-quality energy solutions.
Benefits of Circuit Electric Solar
Sunlight, its renewable energy source, is both free and abundant. Few power-generation systems are more environmentally friendly than solar electric power. It generates power silently from sunshine and emits no toxic waste or air pollution. Solar energy does not need the transportation or burning of liquid or gaseous fuels. Hiring a solar contractor may eliminate a substantial percentage of your home’s or business’s electrical utility expenditures while also giving a respectable return on investment. Your system will be designed to meet your energy objectives while remaining within your budget.
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Save Money
Utilizing Net Metering with Solar helps you save money on your power bill. Assist in protecting yourself from the 3-5 percent average energy inflation prices imposed by local power companies.
Finance
Financing is available, with no money down and affordable payments for up to 25 years.
Electricity Ownership
Stop renting electricity from your utility provider and lock in your rate with solar today to safeguard your investment from rising utility inflation expenses.
Solar Tax Credit
When individuals speak to the ‘Florida solar tax credit,’ they are referring to the federal investment tax credit, which is worth 30%. (ITC). This is a federal incentive that is accessible in all 50 states. It gives tax-paying households the power to deduct 30 percent of the cost of their solar system from their income taxes. In other words, the federal tax credit provides a 30 percent discount on your solar system. If your tax liability is less than 30 percent of the cost of your solar system, you are able to roll over the remaining amount forward for up to ten years.
What Is Covered By Tax Credit?
Those leveraging solar tax credit can expect:
- The price of solar panels
- Installation labor expenses, including permit fees, inspection fees, and developer fees
- Any extra solar equipment charges your home batteries
- Sales taxes on qualified costs
Solar Energy System
Solar energy works in Solar technologies by converting sunlight into electrical energy using photovoltaic (PV) panels or mirrors that concentrate solar radiation. These are the two primary forms of solar energy. Both sources have changed.
Photovoltaic (PV) Panels
A photovoltaic (PV) cell, often known as a solar cell, is a nonmechanical device that directly transforms sunlight into energy. Some PV cells are capable of converting artificial light into energy. This activates the PV system, which is made up of one or more solar panels, an inverter, and other electrical and mechanical components that utilize energy from the Sun to create power. PV systems range in size from a tiny rooftop or portable systems to large utility-scale power plants.
Concentrating Solar-Thermal Power (CSP)
Concentrating solar power (CSP) facilities employ mirrors to focus the sun’s energy, which is then used to power traditional steam turbines or engines to generate electricity. Thermal energy concentrated in a CSP plant may be stored and utilized to generate electricity at any time of day or night.
Why Hire A Solar Company?
If your house or business is currently drowning in utility and electricity costs, hiring a solar company might be a wise long-term investment. Hiring a group of trained solar installers placing solar technology in your house or business might save you a lot of money. As Tampa’s leading solar contractor, Circuit Electric Solar has had the pleasure of improving its energy technology throughout the years so that every single one of our clients may obtain the greatest product possible.
Using a solar company to install solar panels has the great benefit of increasing the value of your home. Solar panels are an excellent method to boost the market value of your property. If you intend to sell the house soon, you realize why this is so important. A reputable solar panel installation provider guarantees that your units adhere to industry best practices. It is the most certain technique to boost the resale value of your property.
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Our State Of The Art Warranty Program
Circuit Electric Solar is a solar company that takes pride in jumping in the shoes of our clients. With our warranty program, we guarantee our customers that we are involved in their process every step of the way. Our warranty program includes:
- 25 Year Panel Manufacturer Warranty
- 25 Year Inverter Manufacturer Warranty
- 25 Year Labor/Service Warranty
- 25 Year Roof Penetration Warranty
- 24/7 System Monitoring Application
Hiring Tampa’s number one solar company doesn’t only get you high-quality products and superior service. Using Circuit Electric Solar means you become a member of our family that we look out for.
Cost Of Solar
Solar panel installations costs range from $3,500 to the average cost which is $16,000. Circuit Electric Solar offers several financing options. Financing can assist stretch the entire cost of the system over a flexible time and is generally substantially lower per month than what you are now paying.
Our Financing options include:
- Zero down and no out-of-pocket costs.
- Interest Rates start at 1.99% Multiple term options starting at 5 years to 25 years.
- No Prepayment Penalty. Options to re-amortize loan per 18 months, to continuously lower your payment.
- Quicker Return on Investment.
*subject to credit approval*
How Much Do Solar Panels Save?
Solar panels have been scientifically demonstrated to assist our globe in moving toward a greener lifestyle. Surprisingly, solar panels not only benefit our environment, but they are also extremely cost-effective! Depending on the amount of direct sunshine each day and other elements such as the size or angle of your roof. One of the most prominent benefits of solar is the ability to save money by lowering your electricity bill and other utility bills.
The annual average energy consumption required for a household residing in the Tampa, Florida is 12,000 kWH as of September 1, 2021. Local electricity rates charged about 0.136 per kWH, you’ll find the average American family spending close to $1,632
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Looking Toward A Greener Life? Contact Us Today!
Because we are a family-owned and run business that knows the significance of a commitment and family, we will treat every customer as if they were family. There will be no high-pressure tactics or price wrangling; we will be straightforward and present our best rate as well as the facts you need to make your selection. We collaborate with leading solar manufacturers while keeping performance, durability, and guarantee in mind.
With the Solar industry on the increase, we deliver premium service and delight consumers around Tampa and the Tampa Bay area. Contact us today for a consultation!
Solar Contractors In Tampa, FL
Finding the finest solar contractor for your solar panel installation may be tough, especially if you want the best Tampa, Florida has to offer. Keep in mind that you are not just looking for a solar contractor who can do a simple project; you are also looking for a contractor that can provide lifelong upkeep for your solar system.
Choosing The Right Solar Contractor For Your Solar Panel Installation
Now the question is, “how can I discover the finest solar contractor in Tampa for my solar panel installation?”. This may be addressed in a variety of ways, but it always boils down to a few key factors. Here are some pointers we have for you:
Don't Pick A Solar Contractor Based Solely On Price
While it may appear to be very appealing to deal with a solar contractor at a low cost in comparison to other contractors in Tampa whose costs are increasing. You should not evaluate a solar contractor only on the basis of their cost, since this may dilute their genuine expertise of solar. There are already instances where a contractor offers to install solar panels for a very low charge and has the ability to do so effectively and without issues. However, in the solar sector, the cliché “you get what you pay for” still applies. The majority of the largest solar installers, including Sunrun and Vivint Solar, will not sell you a solar system. Instead, they often try to persuade you to rent one by utilizing financial strategies such as solar leases and power purchase agreements (PPAs).
These financial products generate larger profits for them while providing a lesser financial return for you. There are several reasons why these financial instruments are typically bad for customers, but one of the most significant is the inclusion of escalator clauses, which automatically raise the cost of electricity every year, even if the utility supplier maintains flat pricing. Moreover, some of these massive nationwide installers have received an unfavorable response and have even been sued by state governments.
Learn The System
When you start doing your homework, it might sometimes make a difference. Every year, the solar sector grows, which means that fresh information is released to the public on a regular basis. Learning the technological system of solar panels not only improves your educational knowledge of the product, but it may also help you negotiate the best solar contract for your needs. When selecting a Tampa solar contractor, inquire about the technology that they use. Just as there are a plethora of solar contractors in Tampa, there are a plethora of options for the equipment needed in a solar installation. Because solar technology is so young, there are no uniform standards, and what works best depends on the climate and other factors.
As a result, as a consumer, you cannot be expected to know which goods are the finest and why, but you should grasp the fundamentals so that when your solar contractor describes their equipment to you, you will have a good understanding of what to expect for your house or company.
Research Their Experience
Generally, researching the firm with whom you are negotiating is the greatest approach to get the finest solar contractor for you. Take the time to thoroughly study the Tampa solar contractor you are considering. This will only provide you with accurate facts to assist you to make an informed decision. As with any purchase, you want to work with a contractor that has a solid foundation of quality and dependability so that you can be sure you’re receiving the best service available.
Make sure that they are certified by solar industry organizations like FIASEIA or SEI. Solar contracting firms get validity by being accredited by solar industry associations. These companies take pleasure in offering adequate contractor education to ensure quality, safety, and service.
Check their Facebook and YouTube accounts to see if they have any video testimonials from consumers that explicitly speak to their experience with the salesperson and project manager. You want to know that your Tampa solar contractor will be available in the event that something goes wrong with your system. Is there a way to contact them through their website? Is there a phone number plainly displayed? Social media participation? All of these indicators indicate to a contractor that is listening to their clients and is ready to step in to make system modifications as needed.
Questions You Should Ask Your Solar Contractor Before Hiring
How Long Have Your Been In Business?
Speaking frankly with solar contractors will help you make better-informed selections about who to employ for the task. One important thing to ask your solar contractor during such chit-chat is how many years of experience they have. You’d want to know how many solar panels the contractor has successfully installed in Tampa, Florida. By asking this question, you will also remove the possibility of employing a beginner. In the solar installation procedure, experience is essential. Excellence in the field improves over time. Consider solar contractors who can prove they’ve been in business for at least three years.
Are You Licensed To Do Work In Florida?
During this procedure, you don’t want to wind up working with someone who isn’t licensed as a solar installation. It would be advantageous to prioritize licensing. Most states demand a general contractor’s license or a home improvement permit at the very least. Circuit Electric Solar makes the license number available on our website because we recognize how important it is to know if your solar contractor is licensed. Solar installation is under the purview of general electrical or plumbing licenses. Even if the installation lacks a specialty license, he or she should have a general electrical license. Resist the urge to choose a contractor who lacks the necessary state or federal permissions.
Do You Subcontract Your Services?
When you engage a solar installation, you want to be aware that they will see the project through to completion. You don’t want to risk having a semi-installation as a result of unlawful service subcontracting. The majority of inexperienced solar installation firms outsource a portion of the installation procedure to third-party partners. While outsourcing is a necessary element of any organization, two things must be kept in mind. The first need is that the subcontracted business has the necessary experience. The second factor to consider is that the original contractor must undertake to assume full responsibility for the installation procedure in the event of defective workmanship.
Are Your Certified?
Hiring a NABCEP (North American Board of Certified Energy Practitioners) certified solar contractor will add a lot of value to your decision to hire someone. It is critical that you request concrete proof. This is an optional accreditation that provides PV installation experts with additional expertise and knowledge that sets them apart from their competition. This is a complement to state licensing standards, and while it does not replace them, it does add to the installer’s credentials, providing them a competitive advantage in terms of knowledge.
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Do You Offer Any Financing?
You want to be certain that you receive the most out of this transaction. Whether you contemplate a leasehold or an upfront sale, you may need to investigate any potential financing options offered by the contractor. Speaking with installers can assist you in obtaining any suitable financing alternatives. Such incentives, whether provided by state government subsidies or municipal governments, can help to reduce the real cost of installation. Circuit Electric Solar offers to finance to all of its customers. With no money down and no out-of-pocket expenses, low-interest rates, and the ability to refinance loans every 18 months to lower your payment. Circuit Electric Solar has been serving Central Florida, Tampa, and the Tampa Bay area for many years. For further information, please contact us.
Do You Offer Any Warranties?
When investing in a solar contractor, you don’t want to take any chances. While the majority of the solar equipment in question is covered by manufacturer warranties, you should be worried about the workmanship. Depending on the solar installation, you might have a guarantee that lasts anywhere from a year to a decade. This ensures that you have a quality guarantee for a set amount of time after the original installation. Circuit Electric Solar is a solar company that takes pleasure in putting itself in the customers’ shoes. We promise our clients that we are active in their process every step of the way with our warranty program.
Our warranty program includes the following:
- 25 Year Panel Manufacturer Warranty
- 25 Year Inverter Manufacturer Warranty
- 25 Year Labor/Service Warranty
- 25 Year Roof Penetration Warranty
- 24/7 System Monitoring Application
Hiring Tampa’s number one solar company doesn’t only get you high-quality products and superior service, It gets you the ultimate experience from the most experienced solar contractors in Tampa.
How Many Solar Contractors Are in Tampa?
Did you know that Florida is the fourth state in the United States that has the most solar megawatts installed? Florida has approximately 5,748.73 watts installed in the entire state. By looking at that statistic, it’s safe to admit that there has become a demand for solar contractors throughout the years since its introduction. As the demand grows, Florida is already the home of about 500 companies working in the solar industry. Currently, ranking second in solar growth, Bay News 9 recently released information that Florida has now surpassed North Carolina as the Southeast solar leader. This is grand news for solar companies since North Carolina was the second largest state behind California.
Solar Installers In Tampa, FL
Solar Installers emerged upon the scene providing solar panels for many residents in Tampa, FL. For over 18 years, Circuit Electric Solar has been an electric solar services brand that thousands and businesses in Tampa have trusted. We were founded to provide solar & energy solutions because of overwhelming demand from our customers. With our goal to provide better solutions with better pricing in mind, our business model exclaims our support to eliminate the industry’s inflated sales commission and spread awareness of renewable energy.
What Does A Solar Installer Do?
A solar installer, often known as a PV installer (for photovoltaic), installs and maintains solar panels on people’s homes, businesses, or property. These installers would also be in charge of grounding any relevant equipment and ensuring that safety standards and codes are followed. The majority of the labor would be done outside, and it would frequently need personnel being elevated above the ground. A solar panel installer would evaluate a client’s site before installing solar panels to meet the client’s requirements. This would entail measuring the area and making changes to ensure that the panels fit. They would also need to install the equipment in accordance with code, which would entail ensuring that the wiring is done correctly and that all relevant pieces are grounded. Because solar panels convert sunlight to energy, they must be linked to electrical infrastructure. Solar installers may be doing maintenance and system inspections at different sites, most of which are outdoors, while they are not on an installation assignment. For bigger projects, they may find themselves working alone or as part of a team.
Considering Installing Solar Panels Yourself?
As difficult as it may appear to be to install solar panels for your Tampa home or company, it is quite feasible to do so on your own. Although the notion appears to be the go-to if you are wanting to save money and cut costs, it is not suggested that you participate in this process if you are not skilled in such work. The average gross cost of adopting solar for households is $16,860 (costs before incentives and rebates are applied). Design and installation labor expenses account for around 10% of the overall expenditure — this 10% is what DIY solar panels will save you in essence, since you will still have to purchase the equipment and components yourself. Regardless, it’s tempting to consider creating your own solar panel installation in order to save money and have complete control over your project. Because your solar energy system should provide power over the next 25 to 35 years, it’s critical that you analyze both the upfront expenses and the relative financial advantages of all of your solar alternatives. If you buy a home solar kit from Costco or Home Depot, it may be less expensive per watt, but you won’t be receiving the same quality equipment that solar installers can. Solar installers, for the most part, buy from equipment wholesalers that do not sell to the general public – and they frequently obtain lower costs because they can buy in bulk.
The DIY Solar Panel Installation Technique Is Broken Down Into Six Steps
- Design and size your system based on your energy requirements.
- Get your solar equipment and components (solar panels, batteries, inverters, racking, etc.)
- Install the racks or panel mounts on the roof or the ground.
- Connect your solar panels to your racking system.
- Install a solar inverter and battery, then connect to your main power supply.
- Contact your utility and seek Permission to Turn-On, or PTO, if it is required in your region.
Pros Of DIY Solar Panel Installation
Save Money
A do-it-yourself solar panel installation may save homeowners hundreds of dollars in installation fees. As of May 2021, the average cost of solar panel installation by a competent solar firm is roughly $2.85 per watt. That calculates up to $14,000 for a conventional 5 kW (5,000 watt) solar panel installation. A 5 kW DIY solar panel kit, on the other hand, costs between $1.00 and $1.50 per watt. Assuming you do the entire thing yourself (no contractors), the overall cost of a 5 kW DIY solar project is between $5,000 and $7,500. That equates to a possible savings of $6,500 to $9,000 by opting for DIY solar installation over professional solar installation.
Self Satisfaction
You will need a wide range of skills, including the ability to manage municipal systems, financial planning, power tool expertise, electrical work, and even tax accounting. There are several steps to a solar installation, including research, planning, shopping, permitting, installation, electric wiring, and monitoring. This is a project that will keep you occupied for a long, and if you manage to do it on your own, you will undoubtedly feel proud of yourself.
Cons Of DIY Solar Panel Installation
Risking Roof Damage or Leakage
When it comes to DIY solar installations, this is possibly the most expensive financial risk. Unless you have a level roof, your solar system will require a huge number of holes to be drilled into it. Drilling into the wrong area on the roof might result in structural damage, whilst improper sealing and flashing can result in roof leakage and/or mold growth. Another consideration is that a do-it-yourself solar installation is likely to violate your roof’s warranty, which means you’ll be on the hook for any necessary repairs.
Physical Danger
Heights and high voltage electricity are two primary hazards that DIY solar installers face. And the physical hazards aren’t limited to the installation. If there are any difficulties with the panels during their 25-year lifespan, you will be responsible for getting back on the roof to fix the problem. Worse, if the wiring is not correctly connected, your rooftop system may catch fire!
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No Warranty
If something goes wrong with the equipment, you’re on your own. Of course, you may still contact the manufacturer directly, but proving a warranty claim might be tough. Furthermore, if you do an incorrect installation, the guarantee may be voided.
Why Should You Hire A Professional Solar Installer In Tampa?
As we just went over the aspects of installing solar panels yourself. It’s a self-satisfying activity that benefits your family and the environment. But for the average homeowner, hiring a professional solar installer is a more particle choice.
Warranty Protection
High-quality photovoltaic panels are often covered by a 25-year warranty. However, if you install them yourself, the warranty may be voided. Some manufacturers’ warranties only apply to modules installed by a professional and certified solar installation.
Home Resale Worth
Photovoltaic-powered homes typically sell faster and for a higher price than comparable properties without rooftop solar panels. These advantages, however, only apply to professionally installed systems; if you do the installation yourself, assessors and house purchasers may have difficulties appraising the quality of your work.
Equipment for Specialty Use
You may have a shed or home workshop full of tools, but chances are you don’t have all you need to finish a rooftop solar installation. You’ll need more than a ladder and a power drill, and some of the gear you’ll need isn’t inexpensive. A professional solar installation has the necessary tools and equipment to complete the operation.
Ensure Safety While Minimizing Damage
It is important to engage a professional to install the solar panels because they operate effectively, which reduces the danger of any harm to the property that may occur during the installation process. With their expertise and knowledge, the roof will be saved both during and after the job is completed. They are vigilant and take precautions to avoid mishaps or injury. Professional installers have the necessary tools, and the tools needed for a rooftop solar installation are expensive
How Much Insurance Should a Solar Installer Carry/Have?
According to the Center for Sustainable Energy, an installed rooftop solar energy system may cost between $15,000 and $25,000 before taxes. Paying to replace a faulty system may be a significant financial strain for some households. Being able to ensure that investment against damage from a storm or other catastrophe may be critical in deciding whether or not to add solar panels to your house. Every year, a rising number of homeowners are concerned about it. Residential solar energy has grown at a 68 percent annual pace over the previous decade, according to the Solar Energy Industries Association.
Solar panels are put on the rooftops of millions of residences. Investing in a solar PV system offers a number of advantages. For example, solar panels will minimize your power costs by generating electricity on-site for at least 25 years. A solar energy system may also boost the value of your property by tens of thousands of dollars. Home solar is a substantial investment in your home, so many homeowners question if they need solar panel insurance or if their system is covered by their home insurance. Most rooftop solar energy systems are covered by normal homeowners policies, therefore your insurance policy will not be affected. However, to account for the expense of the system, you may need to increase the amount of coverage on your property, which may boost your rate.
Of course, no two policies or solar energy systems are the same. Certain systems, such as solar panel carports or ground-mounted panels, may necessitate the purchase of an additional or separate policy. Whether or not these various sorts of systems are covered depends on the type of coverage you have. If your system is large enough to warrant its own insurance, you may be eligible for a new policy or an add-on rider to your existing policy. Solar panel systems may be a fantastic investment since they reduce your power cost while improving the value of your property. Protecting that investment with appropriate homeowners insurance can help ensure you’re covered if the unexpected occurs.
Looking Toward A Greener Life? Contact Us Today!
Because we are a family-owned and run business that knows the significance of a commitment and family, we will treat every customer as if they were family. There will be no high-pressure tactics or price wrangling; we will be straightforward and present our best rate as well as the facts you need to make your selection. We collaborate with leading solar manufacturers while keeping performance, durability, and guarantee in mind.
With the Solar industry on the increase, we deliver premium service and delight consumers around Tampa and the Tampa Bay area. Contact us today for a consultation!
Solar Panels In Tampa, FL
Solar energy is produced by the sun. Solar panels (also known as "PV panels") translate sunlight's light, which is composed of energy particles known as "photons," into electricity that will be used to power electrical loads. Solar panels can be used for a variety of purposes, such as remote power systems for cabins, telecommunications equipment, remote sensing, and, of course, energy generation by the residential and commercial solar power system. The majority of solar panels are constructed with crystalline silicon solar cells. Solar panel installation in residences aids in reducing harmful greenhouse gas emissions and hence aids in the reduction of global warming. Solar panels produce no pollutants and are environmentally friendly. They also reduce our dependency on finite fossil fuels and traditional power sources.
How Do Solar Panels Work?
Solar panels capture clean renewable energy in the form of sunshine and convert it into electricity, which can subsequently be utilized to power loads. Solar panels are made up of individual solar cells that are made up of layers of silicon, phosphorous (which gives the negative charge), and boron (which provides the positive charge). Solar panels absorb photons and generate an electric current as a result. The energy released by photons impacting the surface of the solar panel knocks electrons out of their atomic orbits and releases them into the electric field formed by the solar cells, which subsequently pulls these liberated electrons into a directed current.
The Photovoltaic Effect refers to the entire process. A typical home has more than enough roof space for the required number of solar panels to generate enough solar electricity to satisfy all of its power demands. Excess electricity generated is sent into the main power grid, paying for itself in reduced electricity usage at night. A solar array creates power during the day that is subsequently used in the home at night in a well-balanced grid-connected setup. Net metering programs pay solar generator owners if their system generates more electricity than is required in the residence. A battery bank, charge controller, and, in most cases, an inverter are required components in an off-grid solar system. The solar array provides direct current power to the battery bank through the charge controller.
The electricity is then extracted from the battery bank and sent to the inverter, which transforms the direct current into alternating current, which may be utilized by non-DC equipment. Solar panel arrays may be scaled to fulfill the most stringent electrical load needs with the help of an inverter. AC current can be used to power loads in residences or commercial buildings, recreational vehicles and boats, distant cabins, cottages, or houses, remote traffic controls, telecommunications equipment, oil and gas flow monitoring, RTU, SCADA, and a variety of other applications.
Solar Can Help Save Money On Your Electricity Bills
This is the most obvious benefit of solar panels: when you install solar power for your house, you create your own electricity, become less dependant on your electric provider, and lower your monthly electric bill. A solar panel system generally has a 25-35 year lifespan, which means that adopting solar will save you money on power for decades to come. Use our fast estimate calculator to receive a customized estimate of your long-term power bill savings as well as individualized forecasts for up-front cost and 20-year solar savings.
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Solar Panels Can Give Your A Return On Your Investment
Because of a slew of fantastic solar incentives in the United States, solar panels may actually make you money in addition to delivering bill savings that cover the cost of the system. Solar renewable energy credits and net metering are two important benefits of solar energy that allow you to earn bill credits (or even cash) when your system generates electricity. In these cases, you get reimbursed for the power generated by your solar panels. If you reside in a state that offers any of these advantages, you may anticipate both immediate and long-term profits on your solar investment.
Installing Solar Panels Increase The Value Of Your Home
Millions of Americans are interested in solar panels but haven’t taken the time to learn how to install them. This consumer reality, as well as the evident benefits of having solar panels placed on a home, adds to recent research that shows property values grow when solar is installed. Even if you intend on moving soon, you’ll recoup your solar panel investment and then some when you sell your house.
Are Solar Panels Tax Deductible?
The investment tax credit (ITC), often known as the federal solar tax credit, allows you to deduct from your federal taxes 20 percent of the cost of installing a solar energy system. The ITC is applicable to both residential and commercial systems and has no dollar limit. Like we’ve stated earlier when people talk about the ‘Florida solar tax credit,’ they are talking to the federal investment tax credit, which is worth 30%. (ITC).
This is a federal tax credit that is available in all 50 states. It allows taxpayers to deduct 30 percent of the cost of their solar system from their income taxes. In other words, the federal tax credit reduces the cost of your solar system by 30%. If your tax payment is less than 30 percent of the cost of your solar system, you can carry the balance forward for up to ten years. This can be very beneficial for the average homeowner in Tampa, FL.
Am I Eligible For Solar Tax Credit?
The Office of Energy Efficiency states the guidelines for those who are eligible for the solar tax credit. They are:
- Between January 1, 2006, and December 31, 2023, your solar PV system was installed.
- If the power generated is credited against, and does not exceed, your home’s electricity use, the solar PV system is installed at your primary or secondary dwelling in the United States, or for an off-site community solar project. The IRS has approved a Section 25D tax credit for the purchase of a part of a community solar installation.
- You are the owner of the solar PV system (i.e., you purchased it with cash or through financing but you are neither leasing nor in any arrangements to purchase electricity generated by a system you do not own).
- The solar PV system is either brand new or being utilized for the first time. The credit is only available for the “initial installation” of solar equipment.
How Many Solar Panels Do You Need To Power An Average Tampa Home?
Many Tampa residents who are interested in installing solar panels in their homes often ask themselves this question. There are plentiful factors to consider when putting your home through this process:
- Use of energy: The quantity of energy and electricity you consume in your house over the course of a year is referred to as your annual power usage. This amount, measured in kilowatt-hours (kWh), is impacted by the items in your house that utilize power and how frequently you use them. Electricity is used by refrigerators, air conditioning units, small kitchen appliances, lights, chargers, and other devices.
- Production ratio: The production ratio of a solar panel system is the ratio of the estimated energy output of a system over time (in kWh) to the actual system size (in W). These ratios are virtually never 1:1 — your production ratio will vary depending on how much sunshine your system receives (which is mostly determined by your geographic location). Production ratios in the United States are typically between 1.3 and 1.6.
- Panel Wattage: Panel wattage is the amount of power produced by a particular solar panel under ideal conditions. Wattage is measured in watts (W), and most solar panels have a power output of 250 – 400 watts.
It all boils down to one thing at the end of the day. It’s not so much the amount of bedrooms as it is the number of people that live in it. The sum is computed based on how many kWh are used by persons living in your house during the year.
A suitable formula to follow is as follows:
Number of panels = energy size / production ratio / panel wattage
The average home in Tampa, Florida uses 1,110 kWh. So let’s use that number along with the average production ratio and will use 400 watts for an average panel.
Number of panels = 1,110 kWH / 1.3 / 400 W
If you follow this method, you will receive the answer: 2-3 solar panels for your property. All of this is now determined using average statistics. It is critical to understand your house’s energy usage in order to make informed decisions about what is best for your Tampa home.
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Will Solar Panels Be Required for New Home Constructions in Tampa, Florida?
Currently, there are 10 states that have started the process to pass a legislative bill that requires homes to have solar panels installed in their homes. The states are Nevada, Colorado, New Mexico, Texas, Minnesota, Michigan, North Carolina, Maryland, Pennsylvania, and Massachusetts. Currently, California is the only state exercising this mandate. Is there a possibility that Florida will follow in the footsteps of these states? Currently, there isn’t a state-wide mandate that requires homeowners in Tampa, Florida to install solar panels.
But even though there isn’t a mandate that states this bill, Florida is well on the road to becoming the state that exercises this practice. In 2017, South Miami became the first city outside of California to require all new homes to install solar panels on their roofs. This became great news for Florida residents and their intention moving forward aligning with the Solar industry. Of course, other factors play a role if your home is even qualified for solar panels but the way the technology has been rapidly evolving, it’s safe to say that in the coming years, a mandatory law will pass where new homes in the Tampa area, let alone the state of Florida, will be required to install solar panels.
What’s New With The Solar Industry Today
As previously said, the solar industry is constantly evolving. This might be due to changing technology, influential state leaders getting informed on the benefits of solar, and even citizens becoming educated. While the United States has around 19,727 solar companies within the country.. That isn’t even the maximum that number will reach. At Circuit Electric Solar, we keep up to speed on current happenings in the solar business because we believe it is crucial to educate our solar installers and clients on these topics. We take pleasure in delivering a clean energy-rich environment for the benefit of the entire planet.
ADT Acquired Sun Pro
ADT Inc., the most trusted brand in smart home and small business security, announced today that it has agreed to buy Sunpro Solar (Sunpro), which is ranked #2 in the United States for 2021 Top Residential Rooftop Solar Contractors1, for $ 160 million in cash plus 77.8 million shares of ADT common stock. This data suggests a total enterprise value of around $825 million, subject to various changes.
Sunpro will be rebranded as “ADT SolarTM” and will enter the rooftop solar industry in order to give ADT clients a safe, connected, and now powered home. Sunpro, which was founded in 2008, is a prominent provider of rooftop solar systems in the United States. Sunpro’s 3,600-person, full-time team of solar energy specialists with 56 sites in 22 states promotes, develops, sells, installs, and maintains solar power systems on residential and commercial premises.
Mitrex Introduces Solar Panels with a Maximum Power Output of 800W
Mitrex Integrated Solar Technology, a manufacturer of building-integrated photovoltaics (BIPV), has introduced the biggest tandem solar panel, with a power output of up to 800 W. The panels are built in Canada and include monocrystalline silicon solar cells as well as Mitrex’s unique anti-reflecting technology, which maximizes power output. Mitrex solar panels also come with a 25-year guarantee.
Solar Energy Offsets 50% Off A Virginia School District's Electrical Usage
Isle of Wight County Schools will now use a combined 3.3-MW solar system to offset approximately half of the total power consumption of seven of its schools. The combined rooftop arrays are expected to provide 4,252-MWh of sustainable energy for Virginia schools each year. The solar arrays on the roofs of Carrollton Elementary School, Carrsville Elementary School, GD Tyler Middle School, Smithfield Main, Windsor Elementary School, and Windsor High School place Isle of Wight County Schools among the first in the area to convert to clean, dependable electricity.
What’s The Future for Solar?
There is a study that was released on September 8, 2021 by the US Department of Energy Solar Energy Technologies Office (SETO) and the National Renewable Energy Laboratory (NREL), finds that with aggressive cost reductions, supportive policies, and large-scale electrification, solar could account for up to 40% of the nation’s electricity supply by 2035 and 45 percent by 2050. If we are, generally speaking, solar is a good investment in Florida. Generous power buy-back rates, the Florida state sales tax exemption, the property tax exemption, and the Federal Solar Tax Rebate all combine to provide an appealing solar payback time of 11 years on average, making solar well-worth the investment in Florida.
With the use of solar increasing over the world, it’s no surprise that Florida will become one of the most prominent places where solar will be used. If you ask us at Circuit Electric Solar about the future of solar, we will tell you that it is bright. We believe that installing solar panels for your house or company will be the best decision you can make. Not only are we saving money, but we are also establishing a solid foundation for our planet to stand on. It is critical to contribute to the creation of a cleaner world by creating clean natural energy.
If you are interested in speaking with one of our consultants or have any general questions, contact us today!
