In the 2020s, many Florida homeowners are finding ways to reduce their carbon footprint. Among the most popular options is switching to renewable energy systems, thus taking themselves off the grid. Should you switch to solar energy?

The switch to solar energy requires careful consideration because there are challenges and benefits. This article outlines four of each to help Florida homeowners decide what’s best. 

What Are the Challenges of Solar Energy in Florida?

Solar power is an excellent renewable energy source, but some homeowners hesitate to install panels or other devices. These four challenges demonstrate why Florida homeowners may think twice. 

1. Cost

The up-front cost is one of the most limiting factors for Florida homeowners wanting solar power. Solar energy has become cheaper over the years — but it can still be above the budget for many. For example, the average cost of a solar panel is around $16,000, depending on the model you select.  

There are some means of financial assistance for taxpayers. The federal solar tax credit lets you deduct 30% of your solar photovoltaic system’s cost until 2032. States like New York, Illinois and Texas offer incentives for solar systems — unfortunately, Florida is not one of them. There aren’t tax credits or rebates.

2. Return on Investment

Solar panels are an investment for homeowners. The high costs may seem steep, but you get a net positive after months of saving money on your energy bills. The return on your investment is a positive for Florida homeowners — but it can take a while to see this incentive. 

The average cost of a solar panel is $16,000, so annual energy savings of $1,000 will require about 16 years to break even on the investment. Buying a solar panel for your home might not be a good idea if you plan to sell your home soon because you’ll have less time to recoup your initial investment.  

3. Transportation

If you move, you can take your solar panels with you. However, it becomes more complicated with these solar systems. The panels require mounting into the roof. You connect the solar panels to the electrical system, so disassembling this infrastructure can be complex, requiring a technician to take care of it. 

Many companies design solar panels for specific locations. For example, your solar system likely has a unique structure to fit on your rooftop. Moving houses means ensuring the panels are still usable in the new location. Plus, you may have to get approval from your new local government to comply with the area’s regulations for installation. 

4. Sun Exposure

Floridians are fortunate to have plenty of sunshine. The Sunshine State averages 237 annual sunny days, whereas the national average is just over 200 days. The sun powers your solar systems, but harnessing it can be challenging if your home isn’t conducive to the panels. 

For example, you may have trees shading your house. They may cool your roof, but the obstruction can significantly affect your solar panel’s effectiveness. Also, consider the roof’s orientation. Maximizing solar power means making it face east or west. A north-facing panel absorbs less sunlight and becomes less effective. 

What Are the Benefits of Solar Energy in Florida? 

Solar energy presents challenges for homeowners but is still worth investing time and money. Here are four benefits of installing solar systems in your home. 

1. Energy Independence

One of the most significant benefits of solar energy is the energy independence. Solar panels create electricity for you instead of relying on municipal power. This option is ideal for those who want to live off the grid and become energy independent. Energy prices can fluctuate based on market conditions, so you’ll have more stability in your utility costs. 

Energy independence can be helpful in Florida — especially during hurricane season. The number of thunderstorms increases, as does the chance of your power going out. However, solar panels will keep your electricity on if you’re off the grid. 

2. Reducing Energy Consumption

Most homes with solar panels draw power from the grid but require much less energy with solar panels installed. Harnessing the sun’s power means your utility bills decrease with your energy consumption. Some homeowners create enough energy through solar panels to power their houses and eliminate their electricity bills altogether. 

Energy demand grows annually, so going solar is an excellent way to reduce your carbon footprint. In Florida, residents spend about 25% higher than the national average on utilities because of the subtropical climate. 

Maximizing your energy savings requires ensuring your roof is suited for the task. For example, clay tiles can make it difficult to install solar panels because the systems can damage the tiles. A better option for your roof would be materials like metal or rubber. Metal roofs make installation easy for solar panels. Plus, they withstand moisture damage and are low maintenance.   

3. Increased Home Value

Solar panels provide environmental benefits by providing renewable energy and reducing your carbon footprint. Though, they offer more financial incentives for Floridians than you may think. Solar panels effectively raise home value and can be a significant selling point if you want to sell your home. 

A 2022 Zillow study finds homes with solar panels sell for 1.4% more than similar properties without them. 

The National Renewable Energy Laboratory (NREL) says every $1 you save on your electric bills means increasing your property value by $20. Each dollar adds up in the long run and can bring a solid ROI if you sell your home. 

4. Financial Incentives

Florida doesn’t offer state tax credits for solar panel installations. Still, there are incentives for Floridians to install these renewable energy systems. For example, you don’t have to pay sales tax on solar panels and other equipment needed for the infrastructure. You can also save money through net metering. 

Net metering is a policy many states use to incentivize homeowners to produce electricity for the grid through their solar panels. Utility companies credit you for the power by reducing your electricity bills for every kilowatt-hour (kWh) you create. 

Considering Solar System Installation

Florida is in a unique location in the United States. It’s close to the equator, meaning Floridians enjoy more sunshine than most other states. The extra sun means it’s easier to harness the sun’s energy. Though, solar panels present challenges like cost and sun exposure. 

Take advantage of the federal solar tax credit and Florida’s sales tax exemptions on solar equipment. Use the net metering policy to reduce electrical bills and help your local power grid. Above all, solar panels can increase your energy independence and make your home more sustainable.