Rebates & Incentives

Florida’s Solar Property Tax Exemption:

In some states, when you install a solar system the value of your property assessment rises and therefore, the amount you pay in property taxes goes up as well. NOT IN FLORIDA!

In Florida a 100% property tax exemption is provided for residential renewable energy property as well as an 80% property tax abatement for non-residential property.

This means that when you purchase and install a solar or Battery storage system at your home, your property assessment will not change, and you will not be paying any additional taxes.

The federal investment tax credit (ITC) is worth 30% of the system value until 12/31/2019. After that, it is scheduled to decline in value over several years.

What is the deadline for the Federal Investment Tax Credit?

• 12/31/20: Declines from 30% t0 26%

• 12/31/21: Declines from 26% to 22%

• 12/31/22: Declines from 22% to 10%

Now is the time to take advantage of Solar and Battery energy storage systems before valuable tax incentives disappear.

Solar and CHP Sales Tax Exemption:

The second state incentive for solar consumers in Florida is an exemption from paying use and sales tax on their solar panel systems.
The state’s 6% sales tax rate would not be added to your new Solar or Battery system cost.

Modified Accelerated Cost Recovery System – (MACRS)

The Tax Reform Bill modifies bonus depreciation under Code Section 168(k) to allow 100% expensing for
property placed in service after September 27, 2017 and before January 1, 2023. By increasing bonus depreciation to 100 percent, the new tax bill essentially allows eligible entities to deduct the entire allowable tax basis of the system in the first year of operation. Under the federal Modified Cost Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. MACRS establishes a lifespan for various types of property over which the property may be depreciated. For PV systems, the taxable basis of the equipment must be reduced by 50% of any federal tax credits associated with the system.

Please see the link for complete list of solar incentives in Florida.

Database of State Incentives for Renewables & Efficiency®

Learn More About Solar Incentives in Florida l Contact SEM Power 1-888-496-1119


Customer Reviews

SEM POWER

Customer Reviews

Ed Schifman

Facebook
I rarely write reviews, and to be frank, a company needs to be very bad or they need to be extraordinary to get me to post anything. In the case of SEM Power, the word EXTRAORDINARY is the right word. Although I installed approximately 112 solar panels about five years ago, Hurricane Irma required a new roof, and in doing so, those 112 solar panels had to come down and then reinstalled back in place. Because I was able to reconfigure my solar pool heater in a different location, it allowed me the ability to add another 12 or so panels. In doing so, my billing from FPL has gone from $650 per month five years ago to $8 today. Yes, $8!!! Hard to believe, but solar is incredible. In addition to a reinstall, the software needed to be able to see and control the daily use of power has been challenging, only because an outside vendor supplies the equipment and software. That said, SEM Power has been by my side to get this resolved multiple times due to no fault of their own. This is a tribute to a great organization that I feel was a great decision on my part. If you choose solar, give them a call. I was 110% satisfied!!!

Steven Gardner

Facebook
Awesome Company, great customer service, installation, and a wonderful experience overall. I am now saving a lot of money on my electric bill. Thanks

Brian TR.

Google
I have been researching solar companies for a year or more and recently went with SEM Power. Today is install day. The crew showed up on time and were ready to work. I am impressed with the respect and work ethic the three gentlemen have doing the install. They are quick with the "Yes sir, no sir" and took the time to show me the workings of the power inverter panel installed on the side of my house. The lead worker explained the process to me of what would be taking place during the install. Michael Barger, the salesman kept me apprised of the items to follow, the inspections, Fpl meter swap and final testing. I am glad I went with SEM Solar and reccomend them to all.

Jacqui McCurdy

Fantastic company fantastic experience! I have had solar for 2 years now and save at minimum half of my old Duke power bill every month. This company has excellent follow up and very responsive to calls! I love looking at the app they have hooked up to the system to monitor my savings! Thank you SEM!!

Jim Latchford

I have had the opportunity to interact with the personnel of SEM Power regarding some equipment issues with my solar panel system and found their response to be professional on a personal and technical level. They went the extra mile to assure me that I understood the nature of the issues and their satisfactory resolution of same. I am quite satisfied with their continue willingness and efforts to make sure that their system is performing as advertised to my satisfaction.