December 29th, 2014
Note: The below information is out-of-date, and the rebates described below are no longer available. See all current solar incentives for the Sunshine State on our special Florida Home Solar page.
You love the sun! Heck, your state and the sun go hand-in-hand; but your legislators have had a tough time getting it together as far as solar power policy goes. Florida has no Renewables Portfolio Standard, no statewide rebates, and no long-term plan to encourage its citizens to switch to clean, cheap solar power. But there’s some good news you should know about: Florida power companies are gearing up to offer the final year of rebates under the state’s Solar Pilot Program.
That’s right, folks! FPL, Gulf Power, Progress Energy and Tampa Electric are just about to open up the online application process for solar rebates in 2015. These rebates will not be offered in 2016, and the 30% Federal Energy Investment Tax Credit (ITC) goes away at the end of 2016.
Now is the time to go solar in Florida. Here’s what you need to know:
- The rebates are set at $2/watt, with the maximum incentive being $20,000 in most cases for residential customers
- The application windows open on various days in January, 2015 (see table below)
- The rebates are offered on a first-come-first-served basis, and are not guaranteed, but simply reserved for you pending successful completion of your project
- Total rebate money is very limited, so act fast
These rebates are so good, they can cut the payback time for a home system in half. We’re talking five year payback, and $35,000 profit over the 25-year life of the system. That is huge!
Here’s the full run-down of available rebates. Click on the Utility company name to go to their rebate page:
|Utility Company||Rebate Amount||Date Available||Total $ Available|
|Florida Power and Light (FPL)||$2/watt, $20,000 max||01/14/2015, 8:30 a.m.||$15.5 Million|
|Gulf Power||$2/watt, $10,000 max||01/15/2015, 11 a.m. CST||$435,000|
|Progress/Duke Energy||$2/watt, $20,000 max||01/14/2015, 1:30 p.m.||$1.9 Million|
|Tampa Electric||$2/watt, $20,000 max||01/06/2015, 10 a.m.||$1.5 Million|
You might notice that the total amounts of rebates available mean that not too many customers are going to get one. If you do the math, assuming the average rebate is going to be about $10,000 ($2/watt multiplied by a typical 5 kW array), only about 1,930 homeowners in the whole state will get a rebate. That means they disappear QUICKLY. We’re talking a matter of 15 minutes or less. Tampa Electric even offers a countdown on their site:
We can guarantee that there will be a lot more than 1.930 people interested in solar, so be prepared! Get a quote from a local installer we trust, get your paperwork filled out completely (incorrect paperwork disqualifies you), and get ready to save!
If you’d like to learn more about how solar can work for you, head on over to the Florida State Solar Power Policy Page.
Last modified: May 9, 2018