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Save the planet – and thousands on your taxes!

solar power tax credit in florida

At Green Key Village, we take our “green” status very seriously. We truly believe that our homes and our community are doing good for the planet. But they are also doing good for you! In addition to giving you a healthier lifestyle, they’re saving you big bucks! 

For example, did you know that the federal government gives you a tax credit for having a solar-powered home? Under the investment tax credit or ITC (aka the federal solar tax credit), you are allowed to deduct 26 percent of the cost of installing a solar energy system from your federal taxes until the end of 2022. (The deduction drops to 23 percent in 2023.) That amount ranges from $6,000-$9,000 for Green Key Village homeowners! You simply claim the ITC for solar when you file your yearly federal tax return. 

Energy Efficient Tax Credit

Additionally, thanks to Florida’s Property Tax Exclusion for Residential Renewable Energy Property, your solar system will not result in any additional costs to your property taxes. Florida also supports net metering, which allows residential solar owners to sell any excess solar energy you may have back to the grid. 

Any way you look at it, there are huge benefits to owning a home at Green Key Village. Learn more about solar-powered living here or here.