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The federal solar tax credit is coming to an end! Right now, when homeowners install a solar panel system, they qualify for the investment tax credit (ITC), allowing the homeowner to deduct 26% of the total cost of installing the solar system, which includes: cost of solar panels, labor, permitting fees, inspection costs and developer fees!
Starting in 2023, that deduction drops to 22%, and then in 2024, it's completely gone! If you've ever seriously considered solar now is the time to act if you plan to maximize your savings! Call us today to get the process started.
We work with the best solar energy companies in Hollywood. Save thousands by lowering your energy bill, taking control of energy costs, and generating your own clean energy! Call us today to schedule a FREE Solar Consultation and Proposal!
Nowadays, energy prices are simply getting out of control, and the power companies don’t appear eager to do much about it. What makes matters worse is you can’t shop for a new power company: you’re basically stuck with who you’ve got. However, by opting to install solar panels, you can say goodbye to the power company. Becoming your own source of power can save you hundreds if not thousands annually!
Florida has been giving tax incentives along with our federal government for years. The home value gained from adding solar will not raise your property taxes, as granted by the Solar System Property Tax Exemption. In addition do not worry about sales tax increasing the price of your new solar system as the States Home Solar Sales Tax Exemption takes care of that. Not to mention the 26% tax deduction from the ITC (urgent ends soon)!
The bottom line is installing a new solar panel system to your property is a massive upgrade that greatly increases home value, in some cases by tens of thousands of dollars. And the great thing is in the state of Florida none of the added value is taxed!
Contact us today to see how much you can save by claiming your energy independence!
The BOTTOM LINE: The BOTTOM LINE: It is a no-brainer to install a new solar panel system as a Hollywood, FL homeowner. There isn’t a better geographic location in the US than southern Florida to take advantage of all the sun offers!
You can save hundreds to thousands every year while raising the value of your home significantly without worrying about any added tax penalty. With the investment tax credit still applicable (until the end of 2022), the savings have never been as bountiful!
PLUS, there is no upfront cost to transition from being on the power grid to going independent via solar!
The crews partnered with Hollywood Solar Pros have decades of experience installing hundreds of thousands of solar panels throughout southern Florida.
Don’t be worried about the initial investment. Our partners have access to solar panel financing to help you send off the power company with zero money down!
Our goal is quite simple: to provide you with the
highest-quality solar panels that will help you save thousands of dollars and take control of your energy independence for the next 20+ years!
For starters contact us via phone or the contact form so we can gather some preliminary information.
Solar isn’t a one size fits all solution, with each property being unique. So, therefore a solar expert will be sent out to collect certain particulars about your property, such as energy needs, hours of sunlight, and any other specificities about your property.
After the assessment has been made and we have helped you determine which panels you’d like to use, an accurate proposal can be sent with a full breakdown of all the numbers.
Once everything is agreed upon, we get to work with taking care of all the permitting needs the city requires. Following the proper permits getting pulled, we promptly begin the installation process. Once installed, we can activate your brand new solar system and complete your journey to energy independence!
The partners of Hollywood Solar Pros offer an incredible bundle for a new roof (including attic insulation), a new solar panel system, and a new hybrid water heater.
Quite often, when homeowners want to go solar, serious consideration is put into getting a new roof first. If the house has a new roof (5 years or less), getting a new roof shouldn't be a concern. However, if the roof is a decade or older, especially if it's a shingle roof, then there's a good chance that a new roof will be needed within ten years or less.
Right now, the rates offered with this bundle package are ridiculously low for qualified individuals! However, when all the solar incentives are included along with the rate for bundling the solar, new roof, and hybrid water heater, the monthly payment is often less than many people applying to finance a roof alone; and in many cases it is give or take what their monthly power bill was (WAS being the keyword as when you got solar most if not all of the FPL bill is eliminated)!
Why are the savings so great with this bundle? When financing for solar, qualified individuals can get a rate as low as 0.5%! This low rate is only because the project is for solar, however, any other projects can be bundled into the loan, so a new roof and water heater get financed at this rate as well!
Then when you combine a very low rate, all of the savings from incentives (such as the ITC), and the elimination of your power bill......as you can see the savings are tremendous and when we say it's a no-brainer that is not an exaggeration!
Can the bundle be different? Yes, if you already have a hybrid water heater, or new insulation, these things do not need to be included into the bundle. For Boca homeowners, check out this company offering free estimates on new roof replacements in Boca Raton, Florida
Anyone considering either a new roof or going solar, when they learn of the details of this bundle and see the numbers breakdown, often agree it is a no-brainer!
Many people think solar and believe it costs too much and that they cannot afford it. Well, the good news is they are wrong! There has never been a better time to take advantage of going solar. When you combine the advances in solar technology and energy savings that go with it, the tax incentives and financing, it’s much more affordable than many think!
Some homeowners opt to go the route of a home equity line of credit. However, there are many options from various lending institutions; this list includes banks, home improvement credit card companies, and credit unions. We also have access to specific financing options geared towards going solar; call us today to speak with a solar expert to go over further details!
The federal solar tax credit, or investment tax credit (ITC), allows homeowners to deduct 26% of the cost of installing a solar energy system from their federal taxes. The credit applies to residential and commercial solar panel installations in Hollywood, FL, and there is no cap on its value. The average homeowner saves between $7-10k on the cost of going solar with this credit alone!
VERY IMPORTANT! The solar tax credit will be declining in the coming years. Homeowners that convert to solar before the end of 2022 will still get a 26% tax credit; however, in 2023, it will drop to 22%, and then in 2024, it will be eliminated (unless something changes from now and then, which is possible, as of the beginning of 2022 this is what is going to happen.)
This very much places a sense of urgency on homeowners to act sooner rather than later if they desire to go solar! Call us today for more information!
A few considerations are to be made, such as the quality of the materials used and the installer's expertise. Still, on average, in Hollywood, FL, a solar panel installation should last between 25-30 years. However, with the newer PV solar modules only needing to be active 6-8 hours a day, we could see new systems last far longer.
Selling power back is done via “net metering.” Any excess electricity generated will spin your meter backward, selling that energy back to the utility at the full retail rate. So each month, the homeowner only pays the “net” amount of energy they used. If more is generated than is used, it gets credited back to the homeowner for future use.
There are a few factors at play here. The primary is your "site efficiency," this is a percentage that represents the total amount of sunlight the system can capture. This is determined by how much shade there is and at what angle the panels can be mounted. This can sometimes be done without seeing the site, but it's best to have someone visit the site for precise measurements.
With most solar systems installed in Hollywood, FL, homeowners get one large enough to reduce the energy bill by 90-100%.
The short answer here is yes. The longer answer is that your property value can be raised twenty times a dollar of avoided utility cost per year. So if your solar panel system produces $1,000 of electricity per year, your home’s value could increase by $20,000.
A legitimate question for any Florida homeowners considering the move to solar. Well, the good news is solar panels are designed to withstand hurricane-force winds of up to 150mph and are completely waterproof!
Getting a battery may be one of the most common questions asked of any Hollywood, FL solar company. The answer is that it’s not quite a simple yes or no question. Certain things must be considered, like how much energy your household consumes. It’s wiser for some to remain on the grid and take advantage of net metering; for others looking to go off-grid, a battery becomes much more critical.
For those still tied to the grid, it may be an area with the grid being unreliable; having a battery backup is an excellent source of power during a blackout. If you desire to be completely grid-free, then a battery backup is necessary.
By using stored battery power you can save money by better optimizing and managing your energy consumption. Avoid the higher grid rates during peak hours by using stored battery power!
The only real present downside to getting a battery is the high upfront cost, but the good news is that in recent years prices have been steadily dropping and should continue as solar becomes more prominent, so patience may pay off in waiting for a battery if its not truly needed right away.
The investment tax credit (ITC), aka the federal solar tax credit, currently allows homeowners to own their solar panel system to deduct 26 percent of the cost of installing a solar system from their federal taxes.
Solar panels have no moving parts, so they are practically maintenance-free. However, it is recommended to get them cleaned once or twice per year. And all they require is a mop or rag and some water, no need for soap or high pressure. It is advised to find a local company to handle the cleaning rather than getting on the roof yourself.
No, in Florida by law HOA’s are prohibited from disallowing solar panel systems to be installed.
Yes, solar can be installed on any roof. But, it is far easier to install on shingle or metal roofs. Flat roofs and tile roofs can be more challenging. If your roof is close to needing to be replaced, it is HIGHLY recommended to get a new roof first before installing the solar panels.
We have an amazing Solar, Roof, Clean Water bundle that offers homeowners MASSIVE savings! Click here for more information.
Four primary factors are variable your current electricity cost, the rate structure your electrical services use, the solar incentives available to you, and the actual expenditure outlaid for installing the solar panel system.
When paying with cash, the typical residential solar energy system can see a solar payback in 7-12 years. Those financing may see an immediate positive cash flow or slightly negative one until the loan payments offset the utility savings.
Call us or fill out the form to schedule a FREE Consultation & Proposal!
Find out exactly how much you will save and begin your path to energy independence!
Thanks for contacting us.
We'll get right back to you!