Key Florida Commercial Solar Incentives & Rebates

Florida is the 10th sunniest state in the US, averaging 237 days of annual sunlight. This effectively makes the Sunshine State one of the prime locations for solar investment due to its abundant sunshine. However, like everywhere in the US, there is always the cost of a commercial solar investment which can be quite high. In 2024, despite the price of solar panels having fallen by 47% in the last 10 years, a 50kW system will cost you $121,640. This high cost of solar is why there are several commercial solar incentives Florida-based businesses can explore. We have covered the various financial incentives and tax breaks available to Florida commercial solar users. 

Modified Accelerated Cost-Recovery Systems (MACRS)

Modified Accelerated Cost-Recovery Systems (MACRS)

Modified Accelerated Cost-Recovery Systems (MACRS)

MACRS is a federal corporate depreciation incentive for businesses with solar systems. This incentive assists solar system owners by offering accelerated depreciation deductions for their solar investments. This means that owners can deduct a significant portion of the cost of their solar system from their taxes over a shorter period, typically five years. By accelerating these deductions, the MACRS program provides solar system owners with substantial tax benefits, reducing the overall cost of their solar investment and accelerating their return on investment. Bonus depreciation steps down by 20% each year beginning in 2023.

Business Investment Tax Credit (ITC)

One of the most common solar incentives for businesses in Florida is the ITC. This is corporate tax credit that can pay 30% of your solar system cost. This means that if you spend $121,640 on a 50kW solar system, you can potentially get back $36,492 in tax credits in the next tax year. To take advantage of this tax credit, your solar systems must have been placed in service in 2022 or later and begin construction before 2033.

Renewable Electricity Production Tax Credit (PTC)

Sitting next to the ITC for commercial solar incentives that Florida-based businesses can take advantage of is the PTC. This is also a corporate tax credit but unlike the ITC which pays 30% upfront of your solar system cost, the PTC offers a performance-based system.

The PTC pays a per kilowatt-hour (kWh) tax credit for electricity generated by your solar system for the first 10 years of its operation. While the credit can offset the upfront cost of your solar system, how much the PTC saves you will depend on how much electricity is generated (system size). It is also important to note that you cannot claim the ITC and PTC for the same property. To take advantage of this tax credit, your solar project must meet the labor requirement issued by the Treasury Department and the system must be less than 1 MW in size.

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Net Metering in Florida 2024

Net Metering in Florida

Net Metering in Florida

Most states in the US offer a reward-based system known as net metering for compensating solar users who generate more energy than they need per time. Net metering in Florida allows solar customers to send their excess energy to the grid and earn credit toward their utility bills for days when the solar system isn’t generating enough electricity. At the end of any 12 month period, the utility company is required by the Florida Public Service Commission (PSC) to pay any excess credit at the utility’s avoided cost rate to the customer. The commission also adopted rules to allow solar systems up to 2MW with a 3-tier setup. This allows commercial-sized systems to take advantage of net metering in the state depending on their system output. Below are the various Tiers and what they offer:

Solar Capacity Tier Application Fee
Up to 10 kW Tier 1 None
>10 kW up to 100 kW Tier 2 $400 for FPL and $240 for Duke Energy
>100 kW up to 2,000 kW Tier 3 $1,000 for FLP and $750 for Duke Energy

How to enroll in net metering (billing) in Florida

To enroll in net metering in Florida, customers must follow the eligibility requirement set by the Florida Public Service Commission. These include the following:

  1. Ensure Compliance with Electrical Codes: Before proceeding, ensure that your solar panel system meets the National Fire Protection Agency (NFPA) National Electrical Code requirements for safety and performance.
  2. Install a Compatible Inverter: Your solar system must have a UL 1741 solar inverter capable of disconnecting from the grid during a power outage or a visible disconnect switch. Verify that your inverter meets these specifications before proceeding.
  3. Request Bidirectional Power Meter Installation: Contact your local utility company to request the installation of a bidirectional power meter. This meter will measure both the electricity you consume from the grid and the excess electricity your solar panels feed back into the grid.
  4. Obtain Approval from Local Inspectors: Schedule an inspection with a qualified local inspector to ensure that your solar panel system meets all applicable building and safety codes. Upon approval, you’ll receive the necessary documentation to proceed with enrollment.
  5. Pay Application Fees (if applicable): Some utility companies in Florida may require solar PV system owners to pay an application fee to enroll in net metering. Ensure that you fulfill any financial obligations associated with the application process.
  6. Submit Enrollment Documents: Once you’ve met all eligibility criteria and fulfilled any necessary requirements, submit your enrollment documents to your utility company. These documents may include proof of inspection, insurance certificates, and any required application forms.

By following these steps and ensuring compliance with all requirements, you can successfully enroll in the net metering program in Florida and start enjoying the benefits of solar energy while saving on your electricity bills. These steps are usually taken by a solar company like

Additional Local Commercial Solar Incentives Florida: Incentives, Rebates, & Grants

Unlike most states, there are currently no local commercial solar incentives available in Florida for PV systems in 2024. In earlier years, several utilities including Florida Power and Light and Duke, the biggest utilities in the state offered rebates for solar systems. However, these have all been stopped. Although, you can still enjoy a sales and property tax on all solar equipment in the Sunshine State. We have also curated some federal grants local businesses in Florida can take advantage of and how you can take advantage of the state’s sales and property tax.

USDA – Rural Energy for America Program (REAP) Grants

USDA REAP Grant in Florida


Agriculture in the Sunshine State is approximately worth $160 billion making it a prime location for the USDA grant. This program offers agro and rural businesses up to $1 million to pay for 50% of their solar system. The program has seen an increase from 25% and $500,000 to what it offers today. As of 2024, the program is still undergoing several changes according to the USDA website which may include the infusion of funds from the IRA. You will also find the application process on their website.

Property Tax Abatement for Renewable Energy Property

The property tax abatement for solar systems is a commercial solar incentive in Florida that offers an 80% property tax abatement on energy upgrades like solar systems. This means that depending on your current tax rate, the additional value brought on by a solar system will only attract an extra 20% of the property tax on the assessed value of the renewable energy equipment. Properties are automatically exempted from your property tax value during evaluation.

Solar and CHP Sales Tax Exemption

In Florida, both solar energy systems are eligible for a sales tax exemption, providing a significant financial incentive. This exemption encompasses 100% of the sales tax on the purchase of equipment and materials necessary for the construction or improvement of solar energy systems and CHP systems. This initiative aligns with broader sustainability goals, reducing reliance on fossil fuels and combating climate change. Businesses and individuals considering solar in Florida can take advantage of this full sales tax exemption when they purchase their systems within the state.

Solar Potential in Florida: Incentives and Savings

The payback period for a solar system in Florida is 15% faster than most states can perform. This is due to the 4,859 kJ/m² of sunlight Florida receives every year. You can typically expect your solar to pay for itself in Florida in 8 years with the various incentives available today. With the lifespan of a solar system being 25-30 years, that means you can expect to save and earn more after your system pays for itself.

Understanding the Electric Utility Landscape and Rates in Florida

Understanding the intricacies of Florida’s electric utility landscape and its associated rates is essential for businesses considering solar energy adoption. Currently, Florida is a regulated state which means that each utility operates under the rates demanded by the Public Utilities Commission. While this doesn’t give room for competitive rates, the Sunshine State still offers one of the best rates in the market, paying about 20 percent less than the national average. Also, unlike most states, the Sunshine State does not have a statewide renewable portfolio standard. However, cities like Orlando, Tallahassee, and Tampa have committed to 100% renewable energy by 2035.

Impact on Solar Energy Decisions

Setting up a solar system is always plagued with exorbitant costs. However, there are always astronomical savings that come from switching to solar. On average, a solar system in Florida will pay for itself within 8 years from how much it saves you on electricity bills. With net metering and the other commercial solar incentives Florida businesses can take advantage of, you can expect to pay back your solar system in 5 years, enjoy up to 20 years of free electricity, and get paid for excess energy generated through net metering. You can take advantage of every incentive available to your solar system with our energy savings payment model and change your business dependence on the grid.

Are Solar Panels Worth It in Florida?

Florida currently generates nearly 14,000 MW of electricity with solar, powering over 1.6 million homes and businesses. As the 3rd highest solar energy generator and the 10th sunniest state, the Sunshine State offers plenty of sunlight to triple your investment in solar. Due to the high sunlight, you can generate twice as much energy which will allow your system to pay for itself even sooner. Considering prices for solar panels have fallen by 47% in the last 10 years and the fact that there is very little property and sales tax for solar equipment, solar panels are the best energy solutions for businesses in Florida.

Why Choose Solar Company in Florida?

Choosing the right solar company is as important as deciding if solar panels are the best fit for you. The right solar company offers bespoke solutions, warranty and maintenance, multiple financing options, Government incentive assistance, high-quality panels, and specialized support. Having over 20 MW of solar across the US, you can expect the following from choosing us as your solar partners:

  • Expertise and Experience: With 10 years of extensive experience in the solar sector, Com-Sol is well-versed in market trends and technological developments. We also invest in research and development to continuously improve our offering, staying ahead of the curve in terms of technological advancements and efficiency gains.
  • Skilled Team: Our team, consisting of professionals with expertise in various solar energy areas, ensures comprehensive project management and engineering solutions.
  • Tailored Solar Solutions: We recognize the distinct energy requirements of each business, offering solutions that are specifically designed to meet these needs.
  • Varied Project Experience: Our portfolio includes projects across various sectors like manufacturing and retail, demonstrating our ability to manage a range of projects.
  • Advanced Technology: We use the latest solar technologies, providing durable and efficient solar panels.
  • Reliable Energy Storage: Our energy storage options offer a consistent power supply, enhancing your energy self-sufficiency.
  • Financial Advantages: We design our financial models to ensure you get the most out of your investment in solar energy.
  • Help with Incentives: Our team aids in securing government incentives and tax benefits, making solar projects more affordable.

Other Information

Areas Serving & Zip Codes: Alachua County, Baker County, Bay County, Bradford County, Brevard County, Broward County, Calhoun County, Charlotte County, Citrus County, Clay County, Collier County, Columbia County, DeSoto County, Dixie County, Duval County, Escambia County, Flagler County, Franklin County, Gadsden County, Gilchrist County, Glades County, Gulf County, Hamilton County, Hardee County, Hendry County, Hernando County, Highlands County, Hillsborough County, Holmes County, Indian River County, Jackson County, Jefferson County, Lafayette County, Lake County, Lee County, Leon County, Levy County, Liberty County, Madison County, Manatee County, Marion County, Martin County, Miami-Dade County, Monroe County, Nassau County, Okaloosa County, Okeechobee County, Orange County, Osceola County, Palm Beach County, Pasco County, Pinellas County, Polk County, Putnam County, Santa Rosa County, Sarasota County, Seminole County, St. Johns County, St. Lucie County, Sumter County, Suwannee County, Taylor County, Union County, Volusia County, Wakulla County, Walton County, Washington County

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  • Proprietary Energy Savings Program Used by Fortune 500 Corps
  • Leverage the Federal ITC to Pay for Your Solar System
  • Solar for Manufacturing, Packaging
  • Immediate ROI
  • Battery Storage Options
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