Fpl Solar Panel Rebates

Here are some more details from fpl.

Fpl solar panel rebates. 1 50 per dc watt nameplate rating of the solar panel from 10 kw up to 25 kw and 1 per dc watt nameplate rating of the solar panel greater than 25 kw. In addition to florida s net metering policy and tax exemptions to encourage solar energy the federal government gives you another huge incentive known as the investment tax credit itc. However fpl is invested in supporting florida solar. The rebates will total about 9 million.

They are for residential or business customers who decide to install solar pv panels or solar water heaters on their properties. Florida power light fpl announced the new rebates just yesterday. No fpl does not offer rebates or other solar incentives. In 2016 they built three 74 5 mw solar arrays each of which have the capacity to generate power for about 15 000 homes.

They are looking to expand their investment in solar energy in 2018. This generous rebate effectively knocks off 26 percent of the cost of your new solar energy system right off the bat as a credit on your income tax. The major financial incentive currently available until the end of 2020 is the 26 federal solar tax credit. However the way this works is that the full cost of the system needs to be paid to the installer and this tax credit can then be claimed back as cash when you next do your taxes.