Florida Surges to Top The residential solar energy sector in Florida has witnessed significant developments and growth in 2023. Florida has surged to the top of the U.S. states in terms of solar installations, a notable achievement given its history of trailing behind states like California and Texas in solar energy adoption. In the first half of 2023, Florida added an impressive 2,499 megawatts (MW) of solar-generation capacity, surpassing the additions made by California and Texas. This rapid growth in solar capacity is not only a record for the state but also contributes to a national reco ..read more

Florida has made significant strides in solar power installations in 2023, surpassing other U.S. states. During the first half of the year, Florida added an impressive 2,499 megawatts (MW) of solar-generation capacity, surpassing California and Texas. This increase is notable as it exceeded the state’s total solar capacity installed in any previous year. These additions contribute to the record projection of 32 gigawatts (GW) of new solar capacity for the United States in 2023, which is a 52% increase over the previous year​​​​​​. The growth in Florida’s solar capacity is largely attributed to ..read more

This scenario assumes that you have some money saved. Maximizing Solar Tax Credits through IRA Conversion in Florida For those considering solar panel installation, an interesting financial strategy involving IRA conversion has emerged. This approach, recommended by some accountants, involves converting a traditional IRA and 401k to a Roth IRA, paying taxes on the conversion, and then utilizing those taxes to claim solar installation tax credits. Understanding IRA Conversion An IRA conversion involves shifting funds from a traditional IRA or 401k to a Roth IRA. This process triggers a tax even ..read more

Unpacking The Myths and Facts Let’s discuss a concern that has been raised quite often: “Are solar panels bad for the environment?” It’s a question that might seem contradictory considering the clean, renewable energy solar panels produce. Let’s delve into it. Understanding The Production Process The production of solar panels does indeed have some environmental impact. Solar panels are primarily made from silicon, which is derived from sand. The process of converting sand into high-grade silicon involves mining, transportation, and a lot of energy – often from fossil fuel-based sources. Addit ..read more

The collapse of MC Solar, also known as Modern Concepts Solar, has left homeowners throughout Central Florida feeling abandoned after spending money on solar systems that they can no longer use. According to an article by WFTV, the company abruptly closed its doors in late February, leaving many customers with incomplete installations, broken equipment, and no way to get repairs or refunds. CONTACT US TO FIX YOUR MC SOLAR SYSTEM The collapse of MC Solar has raised concerns about the regulation of the solar industry in Florida, which has seen a surge in popularity in recent years. The Florid ..read more

NOI stands for Net Operating Income. It is a calculation used in the real estate industry and represents the income produced by a piece of property after operating expenses, but before paying capital expenditures, debt service, and taxes. It’s a key metric investors use to evaluate the performance of commercial real estate investments because it provides an estimate of the potential return on the investment. Here’s the basic formula: NOI = All Potential Rental Income + Other Income – Vacancy Losses – Operating Expenses Keep in mind that operating expenses include costs like property management ..read more

The United States Internal Revenue Service (IRS) offers an important tax incentive called the Residential Clean Energy Credit (Section 25D) to homeowners who invest in renewable energy. This article provides an in-depth exploration of this incentive, highlighting its relevance for residents of Florida considering a transition to solar power. The Nature of the Residential Clean Energy Credit Under the U.S. federal tax code, the Residential Clean Energy Credit is designed to incentivize homeowners to incorporate solar energy systems in their homes. It applies to solar-electric systems and solar ..read more

In the ever-evolving landscape of renewable energy, cities and municipalities play a pivotal role in spearheading a sustainable future. One city that stands out for its commitment to green energy is Dunedin, a picturesque locale in Florida, renowned for its commitment to sustainability and green practices. Solar22 is thrilled to spotlight Dunedin’s Solar Energy Grant Program, a commendable initiative designed to empower residents to make the switch to solar power. Overview of Dunedin’s Solar Energy Grant Program The City of Dunedin, always at the forefront of eco-friendly programs, understands ..read more

2023 has brought a plethora of benefits for Florida residents and businesses interested in solar energy. The federal government and the state of Florida offer several incentives to encourage the adoption of solar energy. These incentives not only make solar energy more affordable but also contribute to the state’s environmental sustainability goals. Federal Solar Investment Tax Credit The Federal Solar Investment Tax Credit (ITC) is a significant incentive for solar energy. This credit allows homeowners and businesses to claim a percentage of the cost of solar panels, including labor costs, en ..read more

In Florida, net metering is a crucial program that allows solar panel owners to benefit from excess electricity generation. So what happens if your solar panels generate more electricity than you use? Net metering. Let’s explore the concept of net metering, its operation in Florida, participating electric companies in the Greater Tampa Bay area, the fate of surplus electricity, and the potential financial gains. What is Net Metering and how does it work in Florida? Net metering is a billing arrangement that enables homeowners with solar panels to be credited for the excess electricity they gen ..read more