Tax Incentives
Solar Incentive Information
Federal Solar Incentives
The Federal Energy Policy Act of 2005 created tax credits for solar water heating and solar electric (PV or photovoltaic) systems. Homeowners are eligible for tax credits on qualified solar water heating and photovoltaic systems. Businesses are eligible for similar credits on solar equipment.
Treated like a payment already made toward the taxes you owe, a tax credit provides a bigger financial reward than a tax deduction. You claim the credit when filing your tax return for the year the system is installed. For 2023-2032 business and residential tax credits are for 30% of the cost of the system.
In Florida, solar water heating and PV systems must be installed by an appropriately licensed, state qualified contractor.
The home served by the system does not have to be the taxpayer's principal residence.
Other Federal Business Tax Incentives include Bonus Depreciation and Accelerated Depreciation.
Pure Energy Solar secured my business when they took the time to answer my questions and explain parts of the solar panel installation. Other companies never responded to questions and seemed to think I would assume they knew what they were doing. In contrast, every member of Pure Energy Solar, from Lynn when I phoned, to Tom when he headed the installation, to Wayne who stopped by before, during, and after completion of the project, all wanted to make technology and process understandable. This team also made my part easy, ensuring GRU followed through on their part of my switching to solar energy. I highly recommend Pure Energy Solar.
Many thanks for your great work.
Pure Energy Solar is the company to call if you are serious about going solar. We did much research and contacted several companies before we decided to go with Pure Energy Solar. They are a group of professional people and were very pleasant to work with. They did everything as a turnkey project. We like the fact that we can go online and see how many watts sure solar panels are producing every day. High tech project! Thank you Wayne and Lynn.
We loved working with Pure Energy Solar. Wayne was great about explaining to us all about how the system would work and what amount of electricity we could expect to make given our roof location and nearby trees. We are so glad we went ahead with it. The system has been working for more than a year now with no problems at all. We can easily track how much power we make, and everything is going great. Thanks Pure Energy.
