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Florida fl residents who switch to solar are eligible for these local, state and federal tax programs.
|Program Name||Program Type||Amount|
|Residential Renewable Energy Tax Credit||Tax Credit||30% before 2020 26% during 2020 22% during 2021|
|Residential Energy Conservation Subsidy Exclusion (Personal)||Tax Exemption||Full rebate amount excluded from taxable income|
|Solar and CHP Sales Tax Exemption||Sales Tax Exemption||exemption for full amount of equipment purchase|
|Net Metering||Utility Credit||Excess power credited to customer's next bill and rolled over monthly. Paid annually at avoided-cost rate|
|Property Tax Abatement for Renewable Energy Property||Property Tax Exemption||Tax exclusion for 100% of system appraisal|
|Miami-Dade County - Expedited Green Buildings Process||Permit Exemption||Expedited permitting or exemptions|
The main cost of a solar system is the panels, which will vary depending on your power and roof needs. Newer ones are expected to last 25 years in good conditions. Inverters tend to cost around $500 and usually need to be replaced in 5-10 years, but this will depend on the inverter type. Other costs include frames to hold the panels, wiring, etc, and are relatively small.
|SolarWorld||1||SW 315 XL mono|