There’s been a drastic rise in Tampa residents installing solar panels in recent years. With Tampa ranked 29th out of the 70 major U.S. cities for solar energy capacity, it’s no surprise.
Here’s why people are now taking advantage of the 244 days of sun we get in Tampa every year:
To Avoid Rising Utility Bills
Tampa has the highest inflation rate in the U.S.; when combined with rising energy prices, the price that Tampa residents are paying for their utility bills just keeps going up and up.
Recent price hikes have seen Tampa Electric Customers experience a 9.8% increase on their energy bills. The average customer has seen a rise of 62% from 2019!
Residential solar panels in Tampa are proving a good solution for many. The systems either reduce or replace the need for utility electricity, saving money every month from day one!
There’s never been a better time to save on utility bills through solar.
To Avoid The Energy Crisis Continuation
Energy trade has become a globalized issue, with issues in Europe causing shortages all over the world. The U.S. has already become the world’s largest liquified natural gas exporter since the start of the Ukraine/Russia war, leading to rising gas and power prices.
That ongoing chaos amongst other world events means utility bills are probably going to continue to rise and rise.
Wisely, we know Tampa residents are going solar to evade the energy crisis for decades to come.
Save Thousand with Federal Tax Incentives
Tampa homeowners can save thousands of dollars thanks to Federal Tax Credits.
Put simply, you can get back 30% of the costs of your solar installation costs thanks to a reduction on your tax bill.
The tax credits apply to any residential solar installation that is new and owned at your primary or secondary residence. There is no maximum limit and you can roll it over to the next year.
We’re regularly seeing new Tampa solar customers take advantage of this. For example, we recently had a client make a $20,000 Tampa solar panel installation.
With the 30% Federal Tax Credits applied, they saw a reduction of $6,000 on their income tax bill.
There are also sales tax exemptions and property tax exemptions for Tampa customers.
Read Related: Guide to Buying Solar Panels in Tampa
Earn Money Passively Through Net Metering
With the future of Net Metering in Florida secured, we saw a rise in Tampa homeowners turning to solar.
Net metering is a process where you get paid by the utility company for your excess solar energy generation, which gets shared back into the grid.
It’s one of the most appealing things about solar in Tampa, as it improves ROI from day one! You’ll never get that feeling of “Am I making the most of my solar panels?”, because they’re effectively always bringing you something positive.
They’re Boosting Property Value Drastically
The average price for a home in Tampa is $420,000. But, with every $1 reduction in annual utility costs, the price goes up $20.
So for a home saving $200 per month via solar panels, a Tampa property can go up by $40,000.
We know firsthand that many people are investing in solar to enjoy the benefits now, but also with one eye on the future. When it’s time to sell, their home will gain attention and a higher price tag. Buyers want a home with a solar system already installed, as they don’t have to go through the effort of installing one themselves.
Clean Energy Motivations
We are in a climate crisis. Using cleaner energy is the answer. For many Tampa solar owners, this is one of the main motivations for going solar.
Once installed, solar panels do not have a carbon footprint. They use clean, renewable energy. It is abundant and going nowhere. It gives off no carbon emissions.
If you consider that a typical centrally air-conditioned home in Florida gives off around 6,600 pounds of CO2, then you can imagine the reductions are significant.
They Have Electricity During Hurricanes
Every Tampa resident is tired of hurricane-related outages. One answer to that is a solar panel system with a solar battery.
Having a solar battery can allow your home to keep its lights on and appliances running in the event of a storm that sees the main grid drop. Over the past few months, since Hurricane Ian we’ve seen residents turning to solar to prevent this issue in the coming years.
Solar Prices Are Decreasing
Over the past 6 years, solar panel prices in the U.S. have decreased meaning more people are turning to solar in Tampa than ever before.
This is thanks to the rise in the solar industry, federal tax credits and net metering.
However, we predict that solar prices will rise in the future due to impending solar equipment shortages. So we advise anyone interested in going solar in Tampa to lock in their prices now!
There Are Increased Financing Options
Tampa has never had more solar financing options on offer. Rather than pay out-of-pocket, you can utilize a loan from a bank or a credit union, or use one of the 3 financing plans on offer from Florida Power Services ‘The Solar Power Company” who has partnered with a local Solar Financing Company.
With a low, fixed monthly payment and competitive interest rate, you can own a solar system for no money out of pocket.
Technology Has Improved
Advancements in technology have made solar far more appealing and accessible than in previous decades.
Solar batteries and components have made it more affordable, space friendly and versatile.
There are also smartphone apps that make solar monitoring and control much easier, so everyone can enjoy solar to the max without having to worry about learning all the technical details.
Buy Solar Panels in Tampa, FL Today
If you’re ready to start your Tampa solar panel installation or have any questions, feel free to contact us today.
Florida Power Services ‘The Solar Power Company’ is a highly rated, fully certified local solar company that can help you install a dream, rooftop solar system. We also provide financing and plans to give you the best return on investment.
We welcome you to contact us today or call (727) 667-9955 to install solar panels in Tampa. The quote you get, will be kept
