With a growing emphasis on sustainability and energy efficiency, solar pool heaters
have emerged as a popular choice for eco-conscious homeowners. Not only do they contribute to a greener environment, but they also offer substantial long-term savings on energy bills. To sweeten the deal, various incentives, rebates, and solar energy tax credits are available for those considering the switch to solar pool heating systems.
Federal Investment Tax Credit (ITC)
One of the most significant incentives for investing in a solar pool heater is the Federal Investment Tax Credit (ITC). This program allows homeowners to claim a percentage of the system’s cost as a tax credit, thereby reducing their federal income tax liability. As of January 2022, the ITC covered 26% of the system cost. However, it’s crucial to check the most recent updates, as these percentages can change over time.
Residential Renewable Energy Tax Credit Extension
In addition to the Federal ITC, homeowners may benefit from the Residential Renewable Energy Tax Credit Extension. This extension allows eligible taxpayers to claim a credit for qualified expenditures for solar water heating property used for residential purposes, including solar pool heaters. Keep abreast of any updates or extensions to this program to maximize your savings.
State and Local Rebates
Many states and local governments offer additional rebates to encourage the adoption of solar technologies. These rebates can significantly offset the upfront costs of installing a solar pool heater. To find out about specific rebates available in your area, check with your local utility company or visit the Database of State Incentives for Renewables and Efficiency (DSIRE).
Utility Company Incentives
Some utility companies also provide incentives to promote the use of solar energy, including all power providers in Florida. These incentives may come in the form of cash rebates, discounted installation services, or other financial perks. Contact your utility provider to inquire about any available programs or incentives for solar pool heaters.
Moreover, in certain regions, homeowners can earn Renewable Energy Certificates (RECs) by using solar pool heaters. These certificates represent the environmental benefits of producing clean energy and can be sold or traded on the market. While not a direct financial incentive, RECs add an extra layer of environmental and potential financial gain for solar pool heater owners.
Some solar pool heater manufacturers offer rebates or special promotions to encourage consumers to choose their products. These rebates may be seasonal or limited-time offers, so it’s worthwhile to keep an eye on manufacturers’ websites or contact them directly to inquire about ongoing promotions.
Incentives Make Solar Pool Heaters a Smart Choice for Florida Homeowners
Investing in a solar pool heater not only makes environmental sense but also offers numerous financial incentives and rebates. From federal tax credits to state and local programs, the landscape is rich with opportunities to offset the initial costs and enjoy long-term savings. As the world continues to prioritize sustainable energy solutions, the incentives for adopting solar pool heaters are likely to evolve, making this investment even more attractive for environmentally conscious homeowners.
Reach Out Today
If you’re ready to make the leap to a solar pool heater, turn to Florida Energy Water & Air. Since opening our doors in 1989, our specially trained technicians have completed thousands of projects throughout the state, earning rave reviews
from our customers and an A+ rating with the Better Business Bureau in the process. Our systems come with a non-prorated, 10-year solar panel warranty and freeze protection. Contact our team to learn more and schedule a consultation at your home in Orlando, Tampa, Melbourne, Daytona, or West Palm Beach.