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How Solar Energy Works
The generation of solar energy involves capturing the sun’s energy and converting it into electricity. Here are the three basic steps for how it works:
First
PV cells, typically made of silicon, convert sunlight into direct current (DC) electricity.
Second
An inverter converts the DC electricity into alternating current (AC) electricity, which is the type of electricity used in homes and businesses.
Third
The electrical grid receives the AC electricity, which can be utilized in homes and businesses. Excess electricity can be stored in batteries for future use or transmitted back to the grid for others to use.
Solar Energy Incentives
Florida has exempted all solar energy systems from sales and use tax since 1997.
The property’s taxable value does not include the added home value of solar panels.
Through 2023, a federal solar tax credit is available for 26% of the solar system’s value.
Benefits of Solar Energy
Solar Energy
Solar energy is a clean and renewable source of electricity. It does not produce any harmful emissions or pollutants, making it an environmentally-friendly option.
Solar Panels
Once installed, solar panels generate electricity for many years at a low cost with minimal maintenance requirements.
Affordable
The significant decrease in solar panel costs has made them highly affordable, and the savings they generate often compensate for the initial installation expenses, making them a wise investment.
Reliable Energy
Solar energy is a reliable source of electricity, as it is available during the day, even on cloudy days. This can help reduce the need for backup power sources and improve the reliability of the electricity grid.
Reduce Dependence
The utilization of solar energy can help reduce dependence on fossil fuels and foreign sources of energy, leading to positive economic and security benefits for a country.
Scalability
Solar energy offers versatility in meeting various energy needs as it can be utilized in a range of applications, from large-scale power plants to small-scale home systems.
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How much Solar Energy prices have dropped during the past ten years in Florida.
How many Florida Homes can be powered by currently installed Solar Energy
The amount of roof solar systems currently installed in Florida.
Solar FAQ’s
How much does a solar system cost?
Residential solar systems typically range from $15,000 to $25,000 for a 5 kW capacity, excluding tax credits and incentives. The cost per watt varies from $3 to $5. To estimate your solar panel expenses, consider your current energy consumption.
How much energy will a solar system generate?
Solar panel energy production is influenced by factors like location and sunlight exposure. In the United States, a typical solar panel generates around 2 kWh of electricity per day, leading to approximately $0.36 in daily electricity savings.
How much money will I save on my energy bills?
Going solar can save the average U.S. customer around $1,500 per year, totaling $37,500 over 25 years. Individual savings vary based on factors like roof size, sunlight exposure, local energy rates, and solar incentives, ranging from $10,000 to $90,000.
How long will it take for the solar system to pay for itself?
Solar system payback time can vary due to factors like system size, installation location, local electricity costs, and available incentives. Typically, it takes between 6 and 10 years for a solar system to offset its cost through energy bill savings.
Will a solar system increase the value of my home?
Solar systems generally increase home value, according to a study by the National Renewable Energy Laboratory. The exact impact depends on factors like system size, location, and the local real estate market.
What are the maintenance requirements for a solar system?
Solar system maintenance varies based on the type, size, and installation location. However, solar systems typically require minimal upkeep. Keeping the panels clean by removing dust and debris is the main task, which can be done with a soft cloth or brush. Alternatively, professional cleaning services are available. Additional maintenance may involve inspecting electrical connections, the inverter, and replacing damaged or malfunctioning parts.
Are there any tax credits or incentives available for solar systems?
Solar-equipped homeowners who meet specific criteria can benefit from a tax credit of up to 30% of the system’s cost. In Florida, purchasing a new solar system incurs no state sales tax, resulting in an immediate 6% savings through the exemption. This exemption covers the entire state sales tax associated with a new home solar installation. Additionally, adding a new photovoltaic (PV) system in Florida does not lead to an increase in property taxes, thanks to the Property Tax Abatement for Renewable Energy Property incentive.
How long do solar panels typically last?
Solar panels in Florida typically last for 25 to 30 years. In the long term, the system can save tens of thousands of dollars.
Are solar panels compatible with my roof?
Almost every roof may be equipped with solar panels. The only possible exceptions to this rule could be if your roof is thatched, lacks structural integrity, or needs repair. Asphalt shingle roofs, clay, slate, or concrete tiles, metal, industrial, and rubber roofs can all have solar panels installed on them.
Can I generate enough solar power to meet all of my energy needs?
10,400 kWh are used by the typical American home each year. You would want from 28 to 34 solar panels, each rated at 250 watts, to generate enough energy to run your home completely.