Changes to Solar Incentives

Don’t wait too long…

Many Florida utilities still provide true net-metering, although there is strong pressure from utility companies from every direction to end net-metering. So, if you have true net-metering (i.e., FPL and FPUC) do not expect this to last forever.

As of August 16, 2022 when The Inflation Reduction Act was signed into law the IRS federal tax credit was increased to 30% for 2022-2032 for residential and commercial solar PV and solar PV plus energy storage (batteries).  For stand-alone battery projects installed in 2022 the IRS federal tax credit remains at 26%, then in 2023 it increases to 30% through 2032.  Then it will step down to 26% in 2033 and 22% in 2034.

With this increase to the IRS federal tax credit for the next 10 years, now is a great time to go solar or add more solar panels or batteries to your existing system!