Florida has a robust net metering policy that offers the best return on investment in the country. Many states have as good a return on investment from solar energy as Florida, but none have better. So long as the solar energy laws remain the same in Florida, one-for-one net metering makes solar a cash bonanza for homeowners.
Net metering one-for-one power trade means a homeowner is paid full retail for power produced from a home solar system, limited to what they consume.
Net Metering wasn’t the power company’s idea, it came from Federal and State legislation. Net Metering forces the large power companies in certain states to allow homeowners to store solar energy production on the grid, for a minimal monthly service charge. The solar energy produced is an even trade-off for home energy consumption. Florida has stood behind the federal government’s Smart Grid legislation to promote alternative clean energy sources. Net Metering is a “Monumental” win for homeowners, at least for as long it lasts.
Florida homeowners enjoy grandfather rights, which protect them if utility companies are successful in an attempt to alter existing laws—something they have previously tried and failed to achieve.
Solar buyers paying cash get the lowest cost per kilowatt and start seeing dividends the first month it’s powered on. A cash buyer gets the best price for solar because any other buying method has additional fees and, or interest.
The spread for what solar costs compared to what you’ll get in return is in the tens of thousands of dollars. Homeowners cannot lose money paying cash for a home solar system. Paying cash for a home solar system is as sure of a bet as there is, you cannot lose. Paying cash for home solar and the ITC tax credit offers the best return on investment possible.
Qualified homeowners get a 30% federal solar tax credit on the cost of their solar panel system. The combination of paying cash and the 30% tax credit offer the best return on investment possible.
A basic solar system offers the greatest return on investment. Home solar is a power plant on your roof that produces power for a much lower cost than the power companies.
Extras such as a solar energy battery backup system will decrease your return on investment. Homeowners who limited their purchase to solar panels, inverters, and installation are getting the most out of it.
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