Florida Solar Energy Incentive Program

Just like that, with a stroke of a pen, on August 8, 2005, President George W. Bush approved the "Energy Policy Act of 2005"! Under this legislation, homeowners are entitled to receive a federal tax credit worth 30% for a qualifying solar energy system.

A homeowner who installs a solar hot water heating system for the home can qualify for a federal tax credit worth 30% of the installed cost. If for example, you have a $3,000 system installed, your credit would be $3,000 x 30% = $900.00, a $4,000 installation would be $1,200.00, with the maximum credit being capped at $2,000.

A Tax credit is not the same as a tax deduction. A federal tax credit is an actual credit against taxes owed. If for example you overpaid in taxes, your tax refund would increase by the amount of the credit, conversely if you underpaid Federal Taxes that year, the tax credit would reduce the amount of taxes you owe by the credit amount. The Federal Tax Credit for solar applies to installations placed in service in years 2006 and 2007.

* While we have made great effort to describe these tax incentives accurately, we cannot provide tax advice and suggest you contact a tax professional with any questions specific to your situation.

Florida Solar Energy Incentive Program

Effective July 1, 2006 State Bill 888 creates financial incentives for the installation of solar energy systems. Under this new Florida program any resident of the state who purchases and installs a new solar water heating system or solar pool heating system from July 1, 2006 through June 30, 2010 is eligible for a rebate.

Solar Water Heating System Incentive Program

Maximum rebate for a residence of $500
Maximum rebate for commercial application of $5,000
Must be installed by a licensed solar contractor

Solar Pool Heating System Incentives Program

$100 per installation
Must be installed by a licensed solar contractor

Solar Photovoltaic (Electric) Incentive Program

Maximum rebate for a residence of $20,000
Maximum rebate for a commercial application of $100,000
Must be installed by a state licensed electrical or solar contractor

If you are not totally thrilled with your installation,
you'll receive a full 100% refund of every penny you paid.