Incentives
GET TO PAYOFF FASTER WITH INCENTIVES
Both Federal and Florida incentives help you pay for your solar electric system.
Solar Pool Heating
When you install a Pool Heater, the value of your home increases. Homeowners in Florida enjoy a property tax exemption that allows them to pay property taxes at the rate they paid before the solar installation. The value of their home will not be reassessed. For residential properties, the exemption is 100% of the increased value. It is 80% for nonresidential installations.
Florida Sales Tax Exemption
In Florida, there is no sales tax on the purchase and installation of a solar energy system. This means up to 7% savings.
Increase in Home Value
Having a pool heater is known as a capital improvement that adds to your property’s value. This means that you can potentially sell your home faster and for more than homes without a solar pool heater. Your investment in efficient, clean solar power also adds to the tax basis of your home. If you sell the home, this tax-basis investment can be deducted from the sales price, reducing the amount of the price counted as profit. This reduces the taxes taken from the sale and may be able to help you avoid capital gains taxes on appreciation.