Over 27 Years Serving Central Florida
Tax Incentives
Federal Solar Tax Credits in Ocala, FL
Save up to 30%
On Energy Tax Credits for a Solar Electric System
Residential
Residential tax credits are now available from the Federal Government. When the time comes to prepare your taxes, fill out Form 5695 and turn it in with your taxes.
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Solar Lights & More Can Help Identify Federal Tax Credits
As part of a collective effort to decrease reliance on fossil fuels, there is an abundance of federal solar tax credits available to property owners who opt for solar energy systems. The team at Solar Lights & More has been servicing Ocala, FL, and the surrounding area for more than 27 years, so we are aware of all the tax incentives and rebates available when you go off the grid. When you are considering residential or commercial solar panels or systems, be sure to ask us about solar federal tax credits. We will highlight ways you can save money immediately and over time.
Florida’s Net Metering Program Allows You to Earn Money
In some months, your solar power system may be able to generate more energy than you use. Rather than letting that energy go to waste, your utility company can buy that surplus energy through Florida’s net metering program. This not only helps protect the environment and reduce the use of fossil fuels but also allows you to earn credits to put toward your electricity bill in future months.
Enjoy State Property Tax Exemptions for Home Solar Panels
In addition to federal tax credits for solar energy systems, Florida property owners can take advantage of the state’s Property Tax Abatement for Renewable Energy Property. This provides a 100% property tax exemption for residential renewable energy property and an 80% property tax abatement for non-residential renewable energy property. This state property tax incentive applies to all solar energy collectors, photovoltaic modules, and inverters through 2037.
Solar Energy Systems Are Exempt From Sales Tax
To further complement federal and state property tax incentives, Florida’s Solar Sales Tax Exemption guarantees that you will not pay sales tax on any solar energy system you purchase for your home or office. Solar Lights & More will document all exempt sales, so you never have to worry about any of the paperwork associated with this exemption. You can simply enjoy the benefits of solar energy throughout your home at competitive upfront pricing and keep the 6% you would have otherwise spent in taxes.
Contact Solar Lights & More to Learn About Tax Incentives
There is a concerted effort among state and federal officials to reduce dependence on fossil fuels and become more eco-friendly by using solar energy solutions. As a result, there are numerous federal tax credits and local incentives available to anyone considering residential solar panels or commercial solar panel installation in Ocala, FL. The process is easy. For federal tax solar credits, you must complete and submit Form 5695 with your taxes. Our team can help, but you will also find additional information on the Energy Star Tax Credits website. Look for links to “Solar Panels”.
As always, contact us to learn more or schedule a free solar energy consultation.