26% Solar Tax Credits Extended until 2022!

Congress has passed a bill for a two-year extension on its solar investment tax credit (ITC) facility until the end of 2022. This allows you to benefit from 26% savings on Florida solar installations for the next two years. Here’s how it works:

Why The 26% Solar Tax Credit Extension Is Great News

If you’re looking to invest in solar panels in Florida, this announcement is about to save you thousands of dollars – regardless of how much your solar installation costs.

The Solar Tax Credits were set to drop to 22% at the start of 2021 and then completely expire at the start of 2022. Property owners had been rushing to get solar installations started quickly, with many set to entirely miss the savings chance.

Now, things have changed. Everyone has two more years to receive 26% reductions on everything from solar panels to battery banks and service costs! Here’s how much you could save:

How Much Can I Save with Solar Tax Credits:

Until 2022, you can receive a 26% reduction on your solar power installation in Florida costs. For example, if your solar installation costs $10,000, then you could receive Solar Tax Credits of $2,600 – reducing your costs significantly.

26% of $10,000 = $2,600 in Solar Tax Credit savings

The 26% savings cover all labor, equipment and installation costs. The credits can also be carried forward to the next tax year if you can’t take the full credit in the year the Florida solar installation occurred. The IRS has also shared guidance that solar battery systems are eligible for Solar Tax Credits.

When Do 26% Solar Tax Credits End?

Be warned; the 26% solar tax credits will expire at the end of 2022. From 2023, it will drop to 22% before dropping to 0% in 2024 (except for commercial properties that can receive 10% in 2024).

Year Federal Solar Tax Credit Savings Savings on $30,000 Installation (For Example)
2021 26% $7,800
2022 26% $7,800
2023 22% $6,600
2024 0% (Or 10% for commercial solar) $0

Why You Should Act Now!

There is no guarantee that the extension will happen again, especially as this extension was part of the COVID relief bill. Despite the extension, solar tax credits have been dropping for years. We all miss the 30% reduction of 2019.

Time moves fast and frankly, many future solar owners have got lucky here, after stalling on taking advantage of the 26% tax credits when they looked set to expire at the start of 2021.

Act now and don’t miss out on saving thousands of dollars!

What Can Solar Tax Credits Reduce the Costs Of:

Thanks to the solar tax credit reduction, solar suddenly becomes far more affordable for a broader range of incomes. Whether you’re a homeowner or commercial property owners, here are where these savings can help:

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

Am I Eligible for 26% Solar Tax Credits?

With the new bill passed, the eligibility requirements haven’t changed. If you can say yes to the following criteria, then your solar installation will be eligible for the 26% solar tax credits until the end of 2022.

Residential Solar Tax Credit Requirements

  • The solar installation must start before the end of 2022 and provide energy for your home.
  • You must be the property owner, not a tenant.
  • You must own the solar panels, not be leasing them.
  • All electrical and fire code requirements must be met.
  • Solar systems purchased with loans are also eligible.

Business Solar Tax Credit Requirements:

  • The solar installation must start before the end of 2022 and provide energy for your home.
  • The solar system must be used by someone paying U.S. income taxes.
  • The above does not apply to schools, charities, churches and other tax-exempt organizations.
  • The energy generated cannot be used to heat a pool.

Are Solar Batteries Eligible for 2021-22 Solar Tax Credits?

Batteries and energy storage systems are covered for solar tax credits, but only if solar panels power them.

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

How Do I Claim 26% Solar Tax Credit Savings?

When filing your 2022 tax return, you should:

  • Ensure your installation starts before December 31, 2022.
  • Collect any receipt related to the cost of solar installations and solar power.
  • Fill out the IRS Form 5965.
  • Add the Tax Credits to Form 1040.

What Is The New Solar Bill?

The solar tax credits extension was included in a massive $1.4 trillion federal spending package, alongside a $900 billion COVID-19 virus relief spending bill.

Congress passed the bill in late December 2021, which included $35 billion of support for energy research and development programs. There has also been a one-year extension for wind power tax credits. This is excellent news for all involved in the clean energy industries and shows once again that the future is clean energy.

It provides welcome relief for the solar industry following COVID-related economic disruptions that hit solar installation companies and those looking to install solar panels, particularly hard.

The ITC was initially started by the Energy Policy Act of 2005 and has been helping the U.S. transition to a renewable energy economy ever since. It ensures that Florida’s solar power installations will continue to grow over the coming years.

Take Advantage of 26% Solar Savings in Florida

As the leading solar installation company in Florida, we can guide you towards making optimal savings for your solar installation. In recent years we’ve helped hundreds of Florida residents and commercial property owners take advantage of federal tax credits on time.

Schedule a consultation with Florida Power Services “The Solar Power Company” today, and we’ll answer any questions you may have and can install a solar system that ensures your property is built for the future!

Fixed-Rate Florida Solar Loans at .99% APR Now Available!

If you’re looking to install a solar system, then our Florida Solar financing options can help. We’re excited to announce that you can obtain a fixed rate solar loan at just 0.99% APR through our financing options. Your monthly payment will be less than the utility bill! Here’s how it helps:

Just .99% APR!

Our fixed-rate Florida solar loans have just 0.99% APR. This extremely low interest rate ensures your payments will be less than your utility bill, as you gain free solar power that rewards you financially for decades to come! Unlike variable loans, our fixed rates ensure you always know what you’ll be paying – with no sudden increases.

With a keen eye on the competition, our hassle-free fixed-rate loans offer some of the best interest rates in the state – meaning the solar savings and financial incentives directly reward you!

  • 0.99% APR
  • Our lowest ever interest rate.
  • Fixed interest rates
  • Flexible terms
  • Initial payments due 60 days after installation
  • No money out of pocket
  • Optional Prequalification
  • Instant Credit Approval for Qualified Applicants
  • Minimal Documentation Required
  • Suitable for Single-Family Homes, townhouses and row houses, duplexes and triplexes, vacation & Second homes and ground mounts.

Limited Funding Available

Demands are high for our latest .99% APR fixed loan opportunity and funding is limited. So you need to act fast to secure your spot before the chance is gone. If you’re interested, give us a call or head over to our Florida solar financing page to learn more.

Solar Made Affordable for All

We’re strong believers that solar shouldn’t be affordable for all. In our community, especially, we want to see solar panels on every home and every rooftop.

That’s why we’re offering low fixed-rate loans that allow you to pay the loan off fast and enjoy a healthy return on your investment soon.

Flexible Florida Solar Financing Options

We have three solar financing opportunities available. Our expert team will work closely with you to ensure you get guaranteed savings no matter what solar option or financing plan you choose.

Our Florida solar financing options are also flexible. We use max approval loans, built for easy changes when project prices increase due to unforeseen complications or new ideas. The last thing you want is to have to refile for a loan. We work around that.

No Money Out of Pocket

The best thing about our fixed-rate Florida Solar loans is that it allows you to install a solar power system without taking money out of your pockets. It will enable you to remain financially secure while reaping the rewards of the tech of the future. There’s no need to wait years saving or to dig deep into your pockets.

How do Fixed Rate Florida Solar Loans Work?

Like most loans, our fixed-rate Florida solar loans have an annual interest rate, monthly payment requirements and a payback period. However, best of all, our loans have a very low .99% fixed rate, with no money out of pocket required. Your monthly payment will be less than the utility bill!

Why Fixed Rate Florida Solar Loans?

  • No money out pocket.
  • No unexpected or sudden interest rate changes.
  • Own the solar panels from day one.
  • Receive federal tax credits for up to 26% savings in 2020 or 20% savings in 2021.
  • Immediate reduction in your electricity bill.
  • Monthly payments less than the utility bill.
  • No need for large cash sums!

Boost Your Property Value

Aside from the electricity bill savings, environmental impacts, rebates and tax credits, there is one other massive benefit – property value.

Many real estate experts say that for every $1 reduction in annual utility bills, property value increases by $20. So if you start saving $400 a year, your home is suddenly worth $8,000 more than before.

The climate crisis is also set to make solar homes highly sought after. Homes with pre-installed solar systems will be gems. The job will already be done for the new owner. That’s why prices will rise, and you could benefit.

Interest Rate Example

If, for example, you’re investing in a $10,000 solar system paid back over 15 years, our .99% APR rates would require just $59.81 per monthly payment.

Our plans are flexible, so you can adjust how you want to pay, for how long and much more.

Time is Running Out Tax Incentives!

If you’re thinking about going solar with our fixed-rate loans, then now is the time to act! That’s because the rules over tax incentives are soon about to change.

2020 Tax Incentives

If you’re reading this towards the end of 2020, then don’t delay. 2020 is the final year to gain an incredible 26% of savings on solar costs through the Federal Tax Credits. As an example, if your Florida solar power installation costs $10,000, you could receive solar tax credits of $2600!

So long as your installation begins before the end of the year, you’re eligible for tax credits. Act fast! Act Now!

  • Your solar installation must start in 2020.
  • You must be the property owner.
  • You must own the solar panels. (Solar loans qualify you as the owner)
  • All electric and fire code requirements must be met.

2021 Tax Incentives

Although the federal tax credits savings drops to 22% in 2021, it is the final year of federal tax credits for solar installation. From 2022, that figure is expected to be 0%.

Don’t delay. Secure your savings before it’s too late!

Fixed-Rate Solar Loans in Florida

Our .99% fixed rate Florida solar loans make investing in solar energy easy for all. Whether you’re a business owner or a homeowner, our financing plans allow you to get clean energy without busting the bank. Without the need for large savings, you can get started today – paying less on your monthly payments than your utility bill!

Don’t forget that now is the time to act to save 26% through federal tax credits. Contact Florida Power Services “The Solar Power Company” today to get started on your Florida solar installation Lock in your price now, before it’s too late! Apply for a Fixed Rate Solar Loan Today!

The Rising Costs of Utility Power and How Solar Saves You Thousands of Dollars

You may have heard about the rising cost of utility power. It’s no rumor, it’s a fact. Inflation will cause an estimated 4% rise over the next 25 years. While there are constant energy efficiency improvements, the bottom line is that rising costs are becoming inevitable across the United States. Solar owners have been aware of it for years and will save thousands of dollars over the next 25 years.

Solar makes utility bills lower, predictable and unaffected by the market and climate crisis.

4% Rise in Utility Power Costs

Important: Utility power rates are estimated to rise by 4% from inflation over the next 25 years. That doesn’t factor in the unpredictable chaos caused by the climate crisis and infrastructure investments. Here’s why those rates will continue to rise:

Rising Costs to Generate Electricity

Electricity rates were once frozen for years, but in recent years regulators and utilities have been revisiting electricity rates and increasing them.

Electric utilities use various fossil fuels to generate power. Although fuel prices went down during the 90s, prices have been on the rise ever since. Particularly for natural gas and coal. The utilities need to cover today’s higher fuel and operating costs. Despite their best efforts to shield their customers, it always catches up with one result – higher utility bills.

How Much Have Utility Power Rates Risen?

According to the U.S. Bureau, electricity prices were 65.74% higher in 2018 versus 2000. Over the years, that adds up with you paying far more than you initially planned.

Between 2000 and 2018, electricity experienced an average inflation rate of 2.85% per year. That means electricity costing $100 a month in 2000 would cost $165.74 a month in 2018. Now hear this: The inflation rate over the next 25 years will increase utility costs by an estimated 4%!

Florida’s residential utility rates are considered average for the U.S., at around 11.42¢/kWh. Duke Energy has also announced plans to invest in its infrastructure. These large plans are estimated to cost at least $28 billion. Those costs have to be covered somehow, and it’s almost always the customers who pay the price.

Could Utility Costs Fall?

Unlikely. Utility companies who love fossil fuels tend to ignore this one big thing you might have heard of… The Climate Crisis.

  • Rising temperatures are likely to drive up the demand of electricity for cooling and other operations. As the world fights to adapt during the crisis, infrastructure costs will build up, demands will soar and energy prices will rise.
  • Although natural gas prices recently fell due to the ‘fracking’ boom, international exports will soon cause higher prices once again.
  • Inflation. Over the next 25 years, energy prices will rise by a shocking 4% from inflation.

Save Over $90,000, By Avoiding Rising Costs.

As we’ve already mentioned, utility rates will increase by 4% from inflation over the next 25 years. Depending on how many solar panels you install, we could save you over $90,000 in the next 25 years by bringing your power bill down to the monthly utility charge of $11!

Other Ways Solar Power Avoids Rising Utility Rates

Solar Removes Your Dependence on Utility Power.

Depending on your solar system, you could be freed from the grid altogether. However, in most cases, you’ll still be able to get grid power but with significant reductions on your monthly utility bill.

Net Metering

Net metering gives you the ability to make money by feeding your excess energy back into the grid. As energy prices rise, there is a chance this system could really benefit solar owners.

Avoid Tiered Rate Plans

Most electric utility companies bill you using a tiered rate plan. Usually, this means the first 1,000 kWh consumed per month is billed at the lowest rate per kWh – anything over that is billed at a higher rate. Solar replaces your highest power cost first.

Boost Your Property Value

Homeowners who install solar power systems in Florida can significantly increase their property resale value. For every $1,000 saved in annual electricity, a home’s value can increase by around $20,000. Your investment could pay for itself the moment it’s installed.

Gain Control Of How Much You Pay

Utility electricity rates fluctuate. Although they can go up and down, the statistics show that they steadily rise over the longer-term.

These changes are beyond your control. Solar gives you the chance to control how much you pay and stop worrying about what happens to the fossil fuel industry.

Get In Before Solar Booms

Solar power is likely to boom over the next 20 years. Homeowners will be looking to avoid rising energy prices and the U.S. will hopefully make a big push for clean energy. You’ll be ahead of the game, with no worry about how the market’s looking and could benefit from a massive property value boost.

Don’t Be Punished By Pandemics

1 in 3 Americans are expected to see their utility bills go up by at least 10% this year. The pandemic has forced many people to stay home more often and use more juice. Although the epidemic should hopefully be solved by next summer, there is no guarantee you won’t be staying at home more as we all fight to keep it under control.

Solar owners know that if another pandemic or outbreak hits, they won’t be worrying about how much their energy bill rises when they need to stay home.

2020 Is The Time to Act!

2020 is the FINAL year you can get a huge 26% reduction on Solar Installations in Florida, as Federal Tax Credit reductions drop to 0% over the next two years.

For example, if your solar power installation in Florida costs $10,000, you can receive Solar Tax Credits of $2,600 in 2020. Avoid the rising costs of utility power and save thousands of dollars by acting fast!

Solar Installations in Florida

If you’re interested in saving over $90,000 over the next 25 years, then schedule a consultation today to get started with Solar Installation in Florida. Remember, 2020 is the time to act!

Why We Are Considered One of the Best Solar Companies in Florida

Investing in solar power can set your home up for the future while saving you thousands of dollars. However, it’s an investment where you can’t afford mistakes. From solar installation to solar financing, you need experience on your side. That’s what the best solar companies in Florida provide. With over 18 years of experience, we’re proud to be considered as one of them.

Investing in solar is a big decision. I appreciate the difficulties of researching the best solar companies in Florida and comparing apples with apples, so we’ve made it easy to understand:

What Sets Us Apart From the Competition?

We’re a NABCEP Certified Solar Installer

We’re proud to have been awarded certification as solar PV (photovoltaic) installation professionals from the North American Board of Certified Energy Practitioners (NABCEP). The NABCEP is the most recognized certification any solar provider can be awarded. It requires rigorous training and engineering knowledge of the highest level. There are over 450 Solar companies in Florida, with only around 50 NABCEP certified. Don’t settle for anything less.

Note that only with a solar system installed by a NABCEP certified provider can you make money through net metering.

Florida State Certified and FSEC CERTIFIED

We’re also a Florida State Certified Solar Contractor, meaning we have a specialty license for photovoltaic systems and related equipment. Our FSEC certification required forty-hours of hands-on training at the Florida Solar Energy Center in Cocoa.

Over 18 Years of Solar Experience in Florida

Since the early 2000s, we’ve been helping Florida residents and businesses go solar. We’ve installed over 10.5 million watts of solar energy on projects covering small homes to large commercial properties. We’ve been at the forefront of the solar rise in our state, which shows no signs of stopping.

Experience is everything when it comes to solar companies. The last thing you need is a provider that doesn’t operate smoothly or have the experience to handle problems that arise. That costs time and potentially thousands of dollars. We’re regularly chosen over competitors because we’re a safe pair of hands.

Unmatched Workmanship and Equipment

At Florida Power Services “The Solar Power Company”, our team has the expertise to handle any solar installation or repair. From the initial consultation to the end, our policy is to provide the highest standard of craftsmanship found only in the best solar companies in Florida. We’ve seen it all, done it all and overcome every hurdle that’s faced us – unlike other Florida solar companies, we don’t buckle under pressure and always provide on time.

Unlike competitors, who may mostly deal with water heating, conventional electrics and gimmicky unproven technologies, we deal only with photovoltaic solar and battery storage, that’s our game.

From FL PE design, expedited permitting, world-class installation, utility interconnection application, and finally, commissioning your own renewable power plant – we’ll lead you through it.

We also use only the highest quality materials and state-of-the-art equipment. That means your solar installation will last for decades. Our solar panels, electronics, flashings and roof fixtures look incredible, endure violent storms and operate to the highest standards possible.

10-Year Installation Warranty

Only the best Florida solar companies provide long-term promises for repairs, glitches and faults. In the unlikely scenario that problems arise, we’ll quickly be over to fix it up and get your solar system producing energy again! Sadly, many providers cut out this policy, knowing that they’re setting their customers up for expensive disasters.

Outstanding Reviews

Naturally, you’ll be desperate for an outside opinion on us. On Google alone, we’ve received over 100 reviews with 5 stars across the board. It’s evidence of our commitment to customer service, quality craftsmanship and service that goes above and beyond.

  • 5 star reviews
  • Praise for engineers and customer service
  • No complaints
  • Quote and financing satisfaction
  • Thrilled customers

You Deal Directly With a Contractor

Unlike other contractors, we don’t hand you off to an independent sales company with little to no solar knowledge. That only leads to miscommunication or ignorance. That’s why you speak directly to the owner and the people working on your property—crystal clear communication, from start to finish.

Why 2020 Is The Time to Go Solar!

Whether you decide to use our services or not, we believe 2020 is set to have the lowest solar costs for decades to come. Don’t miss out. The time to act is now!

2020 Tax Credits Could Save You Thousands

2020 is the final year offering a massive 26% reduction on solar installations, as Federal Tax Credit reductions drop to 0% over the next two years. Thanks to 2020’s tax credits, you could save thousands of dollars. For example, if your installation costs $10,000, you can receive Solar Tax Credits of $2600 in 2020.

If your system isn’t interconnected by Dec 23rd, 2020, you risk losing 4% on your tax credit (up to $2,400 or more for residential).

Solar Industry Backlog

Because of COVID-19, the solar industry is facing a solar panel manufacturing backlog. That means the longer you wait; the fewer equipment choices are available. There is a fear a second wave could add to the delay. Our advice – don’t delayl. If you’re ready to go solar, then act fast!

COVID Turnaround Times

Planning reviews, permitting and inspection turnaround times are currently longer than usual because of COVID-19. If that causes you to miss the 2020 tax credits saving deadline, you could end up paying thousands of dollars more.

Getting ahead of the end of year rush will not only yield more savings, but you’ll also have one less thing to worry about during the holidays. The time to act is now.

Top Florida Solar Companies

We’re proud to be rated by our customers as one of the best solar companies in Florida. Now we’re ready to help you. If you want to go solar, we’ll guide you on the path to energy independence. You’ll save thousands of dollars over the lifetime of your system, boost your property value and help fight the climate crisis. We just need your approval to get the ball rolling.

Coronavirus Is an Alarm Bell for Investing in Solar Power in Florida

The Coronavirus’ devastating effects on everyday life is an alarming bell that now is the time to invest in solar power installation in Florida. As the world heads for a recession and apocalyptic fears rise, being able to live independently could see solar owners benefit both with security and their finances. Here are some key reasons why COVID-19 is the ideal time for solar investment.

Live off the Grid with Your Own Power

Living off the grid with your own power could prove vital in the near future. The Coronavirus hitting Florida is a warning sign that apocalyptic events are real and can destroy the economy, the nation’s infrastructure and the energy grid.

Nobody knows where this pandemic is heading. It isn’t even close to its peak yet and we don’t know how the system will cope. By installing solar power in Florida, you can protect your family from economic collapses and other events caused by the coronavirus.

Make Your Home a Shelter From The Coronavirus

Just turn on the news and you can see Floridians are starting to panic (perhaps justifiably) with stockpiling. People go rabid during these times. COVID-19 may spread to the majority of the population and if you or your family members are vulnerable to the virus, then you need to ensure you can be truly isolated. Solar power allows you to do just that, with battery storage systems and off-grid set-ups ensuring you can stay away from work without paying energy bills. Now is the time to make your home an independent shelter for generations to come.

Note: Florida Solar power installation during the Coronavirus does not require you to get within close distance of the installation team. Florida Solar power installation companies can work on your roof, talk to you virtually and keep you safe and isolated at all times if needed.

Fossil Fuel Could Collapse or Cause Price Surge

The Coronavirus is a global pandemic. It’s brought airline companies to their knees, slashed CO2 levels and halted transport across the globe. The fossil fuel industry is looking over its shoulder more than ever before. It is not hyperbole to say it could collapse if the virus’ effects snowball. The New York Times said, “The oil and gas industry is already seeing reductions in shipments from China and not enough pipe is being shipped or other raw materials used for drilling and construction. This is resulting in a slow down of oil and gas projects. So oil and gas will not be a better alternative to solar in the interim of the virus outbreak.”

If the cost of fossil fuels rises, then energy companies could be forced to raise prices – or fail to provide the energy needed for the demand. In this scenario, it’s the solar power owners who will be safe with their lights on and money in their pockets.

Save and Make Money During Quarantine

Experts are saying a U.S. lockdown and quarantine could be inevitable. It’s already the case in European countries like France and Italy. Whether you’re forced to stay home or choose to self-isolate, you’re going to be using a lot more electricity. Florida solar power owners will benefit thanks to the huge savings that can be made each month and the excellent solar benefit of making money when you share energy with the grid.

2020 Is the Last Chance for 26% Tax Credits Savings

While you’re locked at home isolating from Corona, you can save 26% on solar costs. But that’s just in 2020. If you wait until 2022, it will drop to 0% tax credit savings. 2020 is the last chance to make these levels of savings. Don’t miss out.

Climate Crisis Will Be Taken Seriously and Prices Will Rise

COVID-19 might have stolen the headlines from the climate emergency, but those terrifying dangers won’t go away without green energy. The coronavirus will make everyone from politicians to the population truly aware of how fragile society and the economy is. It’s a reality check. They’ll have to plan for the climate crisis and that may mean a surge in solar power installations in Florida. It’s even being suggested that Solar power might be used to help propel the economy back on to its feet. That’s likely to mean higher prices. Act now to take advantage of the currently healthy Florida solar power installation rates.

Support Local Businesses During Coronavirus

With self-isolating and restricted travel, local businesses are taking the hit. That includes the solar industry. They need your support more than ever now. Not in a year or two, but now while demands are low. Supporting local businesses has a knock-on effect on the community, as the money spreads around to other local industries. There are also a bunch of reasons why you should use local experienced Florida solar providers over big companies.

Fears Over Rising Solar Prices in Late 2020/2021

Global forecasts for 2020 already suggest that the demand for photovoltaic solar panels in 2020 will be in the range of 108 to 143 gigawatts, a reduction from that of 121 to 152 gigawatts forecast earlier in the year. That’s because China is a critical supplier of solar components. With China battling off COVID-19, there is a fear that the prices will rise over the year due to the lack of parts. That means now is THE perfect time to invest in Solar power installation in Florida. If you wait, you could end up paying far more. We advise you not to take that risk. Cash in on the current healthy market prices and the 2020 tax credits savings!

Finding the Best Florida Solar Installation Company Near Me

If you want to protect your family and your home from the potential system collapse caused by the Coronavirus, then contact us today. The number one regret that solar owners have is that they didn’t do it sooner. Now is the ideal time to invest. 2020 tax credits. A healthy market and an industry that has not yet felt the effects of the coronavirus.

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