16 Best Solar Companies in Hollywood, FL (Feb 2023 Review)

The Cost and Benefits of Solar in Hollywood

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to set up your system. The cost and possible savings vary depending on some important factors such as:

• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can result in an average of $21,000 of savings over 20 years.
• Your income and budget: This shapes what type of solar panels you can purchase.
• Whether or not your roof gets a lot of direct sunlight: This, along with how your roof is set up, affects affect how much energy your solar panels can produce.
• The cost of electricity in your area: If your local energy rates are quite high, there's a better chance you'll have a higher return on your investment in solar panels. In Hollywood, you can save an average of $97 a month on your electricity bills.

Because of solar panels decreasing in cost as well as several solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Hollywood

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more financially viable and accessible. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Hollywood

Switching to solar energy can have a beneficial impact on the environment. You may be asking yourself — how much does going solar do for the environment anyway? In a city like Hollywood where energy use is rather high, making the switch to solar power is a good plan for homeowners who care about the planet. In Hollywood, the average resident can lower their carbon footprint by 90 pounds a year after going solar. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.