Many people are asking when is the best time to switch to solar in Florida…
If you’re like many people reaching out to me, you have a lot of questions about solar in Florida. And when should you switch to solar in Florida? Well, the best time was 5 years ago. The next best time is now! Following, you’ll see what the key reasons now is the best time to switch to solar in Florida
#1 The cost of solar has dropped significantly over the past decade. Technological advancements and supply chain efficiencies are just a couple of the reasons why. Industry reports say solar costs have dropped nearly 70% over the last 10 years. Yes, technology will continue to advance, as wel as efficiency. Keep in mind that as demand and labor costs increase, the price of a solar installation will likely never be lower than it is now. This is the biggest reason why we believe now is the time to go solar in Florida.
#2 Solar tax credit incentive– With a 30% tax credit available for those who qualify, solar should be a no brainer. You could save 10-15,000 on your solar installation. The solar tax credit is set to stay at 30% over the next 10 years, but don’t underestimate the power of industry over legislation. There is nothing stopping congress from making changes to the solar tax credit in the next few years. Especially with pressure from utility companies that are losing shareholder value as solar becomes more popular.
#3 Property value– Energy savings: Solar installations can significantly reduce electricity bills, providing ongoing savings for homeowners. Potential buyers are often attracted to the prospect of lower energy costs, which can positively impact the perceived value of the property. As mentioned by our friends at Charles Ruttenburg Realty, if an appraiser is looking at a home in Florida, a pool or solar will increase property value by 20,000 generally speaking. The demand for properties with solar installations is growing as more individuals and businesses recognize the benefits of solar energy.
#4 Electricity costs– The cost of electricity has steadily increased over 20% on average over the last 10 years. FP&L raised it’s rates by 18.7% in January 2022. According to Energysage.com If rates only increased 2% and you were able to install with a 0% loan, you can save almost $70,000 over 20 years with a solar installation in Florida. What happens when you add $70,000 to your long term wealth building accounts? That’s right, compound interest will grow that substantially. Especially if you have plenty of time before you retire.
#5 Protecting our resources– If you want Florida to have clean air to breathe with less smoke stacks from nuclear, coal, or natural gas, then solar is the next step. No other source of energy is as passive solar, meaning it requires little to no maintenance. No pipelines, No trucking, no burning. There are no moving parts to break, no emissions, and the more rooftop solar we have in Florida, the less we’ll need giant solar farms owned by power companies. Yes, they are building solar to provide energy to your home or business. The problem is, you’ll never own that power production. You’ll continue renting forever.
If you want to potentially add 6 figures to your retirement plan, increase the real and perceived value of your property, and protect the Florida landscape from industrial energy production, then solar is your next step. You’ll own a resource you use everyday and you’ll potentially be fueling your car with it soon, if you aren’t already. The time is now to find out if solar is right for you. I can help with my FREE No BS Solar Assessment. Click the link below to save yourself hours of sales pitches and potentially thousands of dollars by finding the best solar resources available to you right now.
Solar installations pay for themselves over time through energy savings. The longer you wait, the longer you delay realizing a return on your investment. Investing in solar now allows you to start reaping the financial benefits sooner, enjoying increased savings and potentially shorter payback periods. Get a solar assessment from a trusted consultant, not a salesperson. And you can lock in your energy rates this year.