Federal, State & Utility Rebates for Solar Technologies
Renewable Energy Tax Credit
Utility Company Incentives - Florida
State Incentives
PACE - Low interest financing for Solar
Renewable Energy Tax Credit
The Renewable Energy Tax Credit provides tax credits to offset the costs of purchasing solar systems for your home or business. Specific incentives include:
- A 30% tax credit for photovoltaic (solar electric) and solar thermal systems (solar water heating), concentrated solar power and solar hybrid lighting.
A Tax Credit is not to be confused with a tax deduction, credits are a direct credit against taxes owed. If you
overpaid taxes through withholding, it would increase your rebate. If you underpaid taxes for the tax year, it would directly reduce the amount you owe.
Using solar energy can save you money and reduce your direct impact on the environment. financial ncentives are available to help you achieve your goal of energy independence and to reduce your carbon footprint.
Tax Credit Savings Examples: |
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Solar Electric Systems
• 30% Federal Tax Credit
• Reduce bills 20-90%
• Run meter backwards with Net Metering
| Average Sample* |
| List price |
$33,000.00 |
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| Federal |
-$9,900.00 |
| Your Cost |
$23,100.00 |
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Solar Water Heater
• 30% Federal Tax Credit
• Reduce energy bills by 80%
• Save 2 tons of CO2 per year
| Average Sample* |
| List price |
$4,500.00 |
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| Federal |
-$1,350.00 |
| Your Cost |
$3,150.00 |
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Solar Pool Heater
• $0 Operating Costs
• Extend Swimming Season
• No Pollution
$50 OFF per old panel trade-in -
with installation purchase. More info. |
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Tankless Water Heater
• $300 Tax Credit
• Minimum .80 energy efficiency to qualify
• Gas, oil, or propane
| Average Sample* |
| List price |
$1,100.00 |
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| Federal |
-$300.00 |
| Your Cost |
$800.00 |
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Wind Power
• 30% Federal Tax Credit
• Reduce Energy Bills
| Average Sample* |
| Installed |
$14,000.00 |
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| Federal |
-$4,200.00 |
| Your Cost |
$9,800.00 |
More Information |
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Solar Electric Products
• 30% Federal Tax Credit
• Reduce Energy Bills
Solar Attic Fans
IRS Form 5695
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*Many different models, sizes and prices. Please contact us to ensure the system you purchase qualifies for tax credits and/or review information with your tax professional.
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Utility Company Rebates - Florida
Listed below are participating Utility Companies in Florida. To find out about programs in any other state please visit: dsireusa.org
FPL - Florida Power and Light
GRU - Gainesville Regional Utilities
Progress Energy
TECO - Tampa Electric
» FPL - Florida Power & Light
• SWH REBATE STATUS: Funds available - Apply now 800 333 9276
RESIDENTIAL SOLAR WATER HEATING:
Funds available: $1,067,000.00
A solar water heater can cut a family's water-heating costs by up to 85 percent, according to the Florida Solar Energy Center (FSEC).
As part of a five-year pilot program authorized by the Florida Public Service Commission, FPL is offering rebates of $1,000 for every new residential solar water heater. The rebate is available to all existing FPL residential customers with electric or gas water heating.
» GRU Gainesville Regional Utilities
• SWH REBATE STATUS: Funds available - Apply now 800 333 9276
- $500 Solar water heater rebate. Restrictions apply.
» Duke Energy
• SWH REBATE STATUS: Funds available - Apply now 800 333 9276
SunSense Solar Water Heating Program
- $550 rebate from Progress Energy
- Up to $60 in EnergyWise Home program credits every year
- Federal tax credits of up to 30 percent
- Save up to 85 percent on your water heating costs. More
» TECO Tampa Electric
• SWH REBATE STATUS: Funds available - Apply now 800 333 9276
- Solar Hot Water: Residential customers can receive up to $1,000 when a new solar water heater system is installed.
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State Incentives
For complete rebate information please visit: DSIRE, a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency.
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 Property Assessed Clean Energy (PACE)
Solar Direct participates in PACE Programs. Low interest financing for solar and energy efficient products. Please click here for information on this program.
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Other Resources:
» DSIRE
DSIRE is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency, funded by the U.S. Department of Energy.
» IREC - Interstate Renewable Energy Council
The Interstate Renewable Energy Council (IREC) is a premier resource for current information, education, credentialing and best practices regarding renewable energy.
» The Solar Investment Tax Credit Frequently Asked Questions
» The American Recovery and Reinvestment Act
» Federal Loan Programs for Energy Efficient Hortage
» U.S. Department of Energy Tax Breaks
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