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®