Solar Cost Increase Feared Due to New Tariffs – Lock in Your Price Now!

Many solar experts fear a dramatic rise in the cost of solar installation, ahead of potential new U.S. solar tariffs. This comes ahead of the “mid-term review” made by the U.S. International Trade Commission (ITC), for President Donald Trump over his Section 201 tariffs. The U.S. Government attempted to boost U.S. manufacturing jobs by applying 30% tariffs to solar imports in 2018. The results have been mixed, with the U.S. solar industry at an all-time high, but costs increasing day by day.

Out of Reach Prices

Two years on and we are on the verge of these tariffs being refreshed, which could see solar costs skyrocket. Fears are so high that some U.S. solar companies have even been importing panels into warehouses, amongst reports that solar panels are hard to obtain. If the fears are to be true, the original tariffs could be restored – with an increase to 30%.

What would those high import tariffs that do to the solar industry? Violent changes and out of reach prices. As the prices for solar modules and cells drive up, that is likely to put solar out of reach of families, homeowners and small to medium-sized businesses.

Deja Vu? History Warns Us.

When the original tariff applications were filed, the number of solar panel imports into the U.S. exploded as solar companies aimed to navigate future costs. But despite their best efforts, developers and solar companies soon had to cancel and suspend a vast amount of solar projects. The result was increased costs and ruined solar dreams for homeowners and business owners. If these tariff increases are announced again, it’s likely to be the same scenario – devastatingly higher solar costs for consumers.

Lock-In Your Price Now

Invest While Costs Are Low!

If you’re one of the many people fearing the potential boom in solar costs for these upcoming tariff changes, the solution is simple – Don’t gamble. Lock in your price now.

By getting a quote for solar installation now, you can take advantage of the currently healthy solar costs before they painfully rise. Solar Energy Industries Association (SEIA) predicts that costs could go as high as 80-90% more than usual after the tariff changes. If you’re considering solar installation in Florida, we don’t believe it’s worth the risk of waiting. Contact Florida Power Services “The Solar Power Company” today to get started.

2020 Is the Time to Act

If you’re thinking, “I’ll wait a couple of years until the prices settle after the tariffs have kicked in,” then think again. 2020 is the time to act for solar installation in Florida thanks to Solar Tax Credits.

In 2020, you can save 26% on solar costs, but over the next two years, that figure will drop to 0%. In 2021, the savings will be just 20% and 0% in 2022. If your solar power installation in Florida costs $10,000, then you can receive Solar Tax Credits of $2600. 2020 may be the lowest we see the costs of solar for decades.

How is the Solar Industry Fighting the Tariffs?

The SEIA and other solar groups are continually communicating with the Government to show how damaging these tariffs are to the U.S. solar industry. Their goal is to keep solar at the forefront of new energy development and keep costs low for consumers by:

  • Making sure existing markets are open and strong.
  • Opening new markets.
  • Defending and pushing for federal and state solar tax incentives.
  • Promoting and encouraging the use of new technologies.

Facts About the High Costs of Solar Tariffs:

Section 201 Tariffs have divided opinion from the start, but the facts don’t lie about the adverse effects on the U.S. solar market since 2018:

  • 62,000 Solar industry workers have lost their jobs or have never been hired.
  • 10.5 gigawatts of solar capacity lost.
  • $19 billion in private sector investment lost.
  • U.S. solar module prices have risen to be among the highest in the world.
  • Solar panel prices are e43 – 57% more than the global average. This has caused an increase in prices for the American people.
  • Over 10.5 GW of solar installations will be canceled due to tariffs.
  • The SEIA predicts that 1.8 million homes could have been powered with the energy lost due to the tariffs.
  • Tariffs have stalled the U.S. progress in new energy development and climate issues.
  • CO2 emissions will rise by more than 26 million metric tons.
  • That equals approximately 5.5 million cars or seven coal plants.

Why Solar Over Other Clean Energy?

If the cost of Solar goes up, it may be easy to think about other alternative renewable energy sources. The truth is for property owners; nothing competes with Solar.

  • With net metering, you can make money from the excess energy that you feed back into the grid.
  • Solar Tax Credits for 26% savings in 2020.
  • Low-interest loans for financing solar power systems.
  • Limited negative impact on the environment.
  • Florida’s sunshine is ideal for solar power.
  • Functional, scaleable and easy to custom design.
  • 25+ Year Life Span, built for the future.
  • Storm durable.
  • Modern solar works in every season.
  • No noise or moving parts.
  • The ability to be 100% grid-independent.
  • Little to no maintenance.
  • Constantly improving technology and industry.

Find a Solar Installation Company in Florida, Near Me

The number one thing that solar owners regret is that they didn’t invest in it sooner. Please don’t spend the next decade regretting that you didn’t join the solar game when it was affordable. Early 2020 presents you with the chance to enjoy solar tax credits and a healthy solar economy – but it is an economy that is on the brink of out of reach prices.

Contact Florida Power Services “The Solar Power Company” today to get started on your Florida solar installation, to receive expert advice on financing and how we can make your home a clean energy home of the future. Lock in your price now, before it’s too late!

Dunedin 11.5 kW Grid-Tied Home Solar System

The Solar Specialists at Florida Power Services “The Solar Power Company” completed a customized  11.5 kW Solar system for another happy customer. This Dunedin 11.5 kW Grid-Tied Home Solar System was designed to maximize solar power output while being aesthetically pleasing. Placement of inverters, electrical conduit, and photovoltaic panels was a priority to the homeowner. 

Dunedin Solar Power System
11.5 kW Dunedin Grid Tied Solar System

Proven Quality Solar Technology

This Dunedin Solar Power System features two SMA Sunny Boy inverters. Florida Power Services is confident offering SMA’s field-proven solar technology to our valued customers. The Sunny Boy’s provide multiple independent input channels, each with SMA’s OptiTrac™ Global Peak, allowing us to design hundreds of stringing configurations for flexible system design while solving the challenges of complex roofs and shading. SMA’s 30-year history and status as the #1 global inverter manufacturer instills homeowners with peace of mind and the long-term security they demand from a photovoltaic investment. Additionally, with integrated online monitoring, our friends in Dunedin will be able to monitor their new system in real-time and see their savings stack up! Learn more about SMA here.

High-Performance Sleek Solar Design

At Florida Power Services “The Solar Specialists” we understand the importance of providing a system that is the envy of the neighborhood, never an eyesore! When selecting panels for a residential or commercial project we look at a number of factors. Some key factors include performance output, quality of materials used, availability of panels, aesthetics and manufacturer location. This 11.5 kW Dunedin Home Solar System features 36 black high efficiency LG NeON modules. Bolstering an impressive 25-year warranty, this Dunedin Home Solar System will make a return on investment in seven to eight years and solar power production for more than 25 years!

Sunny Boy Inverters Dunedin Home Solar
SMA Sunny Boy Inverters

Tax Season Dunedin, Don’t Forget about Solar!

Solar power systems are becoming more and more popular, due to the savings made and the ecological impacts. The 30% tax credit has boosted solar installations throughout the country as property owners take advantage of the huge savings. Our friends in Dunedin made the right choice and took advantage of the 30% tax credit before the end of the year! Starting 2020 the tax credit will be reduced to 24%. 

Dunedin Solar Power System
11.5 kW Dunedin Grid Tied Solar System

Check out more of our residential installs here! There is a reason that we are the top-rated solar company in the Greater Tampa Area! Our expert team of NABCEP Certified design professionals and installers will work with you every step of the way to make sure you are getting the right home solar power system to fit your unique needs! Grid-Tied Solar Power is ideal for any home or business owner who wants to save thousands on their energy bills. If you fear the unstoppable rise of electricity costs, then installing a Grid-Tied System will set you up for a future where you have minimal costs and a home of tomorrow. Whether you are looking for a grid-tied home solar, battery backup, off the grid or commercial solar system. The professionals at Florida Power Services will take care of you! With our new instant quote tool, it is easier than ever to get a quote from Florida Power Services. Don’t forget to give us a like on Facebook!

How 2019’s Tax Credits Reduce Solar Power Costs by 30%

Anyone investing in Solar Power in 2019 is set to benefit from a 30% federal tax credit. But sadly, 2019 is the last year and the last chance to make those savings. If you’ve been considering investing in solar, there has never been a better time to get started than now!

Solar power owners could effectively receive a 30% discount. Solar power experts are estimating, on average, a massive $13,500 saving. It’s unlikely we’ll see such an opportunity again, with tax credit reductions decreasing to 0% over the next few years.

Solar power systems are becoming more and more popular, due to the savings made and the ecological impacts. The 30% tax credit has boosted solar installations throughout the country as property owners take advantage of the huge savings.

Is There Enough Time To be Eligible for the 30% Federal Tax Credit?

If you act fast, yes. But to be eligible for the tax credits the installation will have to start within 2019 – so act now!

  • The tax credit percentage is set by the year when the solar installation began.
  • The tax credit is eligible even if the installation is not completed in 2019.
  • The solar installation must be fully operational by December 31, 2023.

The best solar power companies will be able to work fast and ensure installation is at least started in 2019. This will make you eligible for those tax credits. These solar companies are often very educated on the savings and financing side of the job. They may even offer a solar financing service to ensure you make the quickest return from your investment.

In most residential cases, a solar installation can be as quick as two days. It’s worth contacting your local solar power company to see how they can help you with that 2020 deadline coming fast.

What are Solar Tax Credits?

Federal solar tax credits allow property owners to deduct up to 30% of the cost of the solar installation in the U.S. Whether it’s a commercial or residential property, there is no limit to the value of a system which is eligible. It’s a great chance to make savings for solar owners, big and small. 2019 has seen a 30% tax credit extended until the end of the year. Over the next few years, the tax credit percentage will reduce to 0%.

How Much Can I Save Through Solar Tax Credits?

Solar power owners can effectively receive a 30% reduction on a solar power installation in 2019 thanks to the federal solar tax credits, regardless of how much the system costs.

For example, if your solar power installation costs $10,000, then you can receive a 30% tax credit of $3,000. This is proving hugely popular for Clearwater solar power and St. Petersburg solar power investors, with vast savings being made for all.

  • Help make solar power installation more affordable.
  • It encourages property owners to buy their own solar systems. Leasing does not qualify for tax credits.
  • It helps boost the solar power industry.

Federal Tax Credits Can Help Reduce the Costs of:

  • Solar Power Installation Fees
  • Solar Equipment
  • Shipping Costs
  • Engineer Fees
  • Electrician Fees
  • Roofing Fees
  • Permitting Service Costs
  • Permit Fees
  • And More

A Brief History of Solar Tax Credits

In 2005 the EPA established the ‘Energy Policy Act.’ This included a solar tax credit that was set to expire in 2007. But due to its popularity and boost for the solar industry, it has been extended for over a decade. In 2019, home and business owners have one last opportunity to make record savings.

  • 2019 – 30% Solar Tax Credits until December 31, 2019.
  • 2020 – A reduction to 26% Solar Tax Credits
  • 2021 – A reduction to 22% Solar Tax Credits.
  • 2022 and onwards – Only new commercial solar system installations will receive a 10% tax credit reduction.
  • 2022 and onwards – 0% tax credit for residential solar installation.

What are the Requirements to be Eligible?

Solar power owners must be aware of the following to ensure they are eligible for the 30% tax credit reduction:

  • The solar installation must have started by December 31, 2019.
  • You must own and not rent the property.
  • You must own the solar panels, not lease.
  • You can still receive tax credits if you purchased your solar panels with a loan.

How Do I Claim the 30% Solar Tax Credit?

When filing your 2019 tax return, you should:

  • Check that your installation started before December 31, 2019.
  • Collect any receipt related to the cost of solar power.
  • Complete IRS Form 5965
  • Add the Tax Credits to Form 1040
  • Contact your local solar power installation company for more information.

Is Energy Storage Eligible for Tax Credits?

Energy storage systems are eligible, but only if they are combined with photovoltaic arrays or other renewable energy systems that are eligible under the incentive. This means you can’t receive tax credits for a storage system alone. It must be part of a full solar system.

  • Residential owners will receive a tax credit if 100% of the storage’s charge is provided by solar.
  • Commerical owners will receive a tax credit if at least 75% of the storage’s charge is provided by solar.

How to Find the Best “Solar Power Company near Me”

Local solar power companies are easy to find, but the best have certain stand-out services and promises. Once you start searching, make sure they are:

  • A NABCEP Certified PV Installer
  • Licensed & Insured
  • Promise at least a 25 Year Life Span
  • They have vast experience.
  • Promise expert maintenance.
  • Have five-star reviews across the board.

If you want that federal tax credit reduction of a whopping 30%, then act now! With huge savings to be made, there is no reason to delay. Don’t spend 2020 regretting it, contact your local solar power company today.

If you live in Florida near the Tampa Bay, St. Petersburg or Clearwater area, be sure to inquire about Florida Power Services “The Solar Power Company”. Florida Power Services has been labeled as the top-rated St. Petersburg Solar Power Company for over 17 years. Their Clearwater solar installation team has recieved numerous awards of excellence for quality and customer satisfaction provided. Florida Power Services “The Solar Power Company” has three convenient locations to better serve you.