Solar Businesses in Luck in Florida
Business has not been booming in the residential solar power industry thanks to the recession. However, a new bill that was recently signed into law in Florida could turn things around for the independent providers of solar energy. Renewable energy resources are good for the earth so this is good news for all of us!
The new bill is designed to encourage residents to upgrade their homes with solar energy. The way it will work is that money from the county government will be used to pay the upfront costs of upgrading Florida residences with solar power energy. The consumer will still eventually have to foot the bill because the total cost will be added back on to the homeowner's annual property tax. However, it will allow for homes to be upgraded during a time when homeowners' might not be able to foot the upfront bill.
Homeowners who are not sure if it's worth the added cost to their property tax should think carefully. That's because the long-term savings of switching to solar power can outweigh the immediate cost of paying for the upgrades. And since you don't even have to pay for the upgrades now, but instead will have them worked into your existing annual fees, you should find that the savings are worth the cost. After all, your energy bills should start to go down immediately, before you've even had to pay anything out of pocket. You can use the savings to pay for the solar power upgrade when that annual property tax bill comes around.
And if that's not enough incentive, Florida homeowners should know that you can take as long as twenty years to pay off the total amount using small payments each year. If you sell the house, you won't have to make the payments because they'll be rolled into costs for the new homeowners.
There are numerous good things about this new bill. First of all, of course, it encourages the widespread use of solar power. Second, it brings business back to the solar power companies that have been struggling to stay afloat during the recession. Third, it creates job opportunities in the state since laborers will be needed to manufacture and install the solar power.
Source: http://www.nbc-2.com/Global/story.asp?S=12578238
Publish Date: 2010-06-07 14:48:52
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