Florida Homeowners Rush Solar Upgrades Amid 30% Tax Credit Deadline
Florida Homeowners Rush Solar Upgrades Amid 30% Tax Credit Deadline

Florida Homeowners Rush Solar Upgrades Amid 30% Tax Credit Deadline

News summary

With the signing of Donald Trump's 'Big, Beautiful Bill Act' on July 4, Florida homeowners are rushing to install solar panels to qualify for a 30 percent tax credit before the deadline at the end of the year. This accelerated deadline has overwhelmed local solar companies, causing a surge in demand that exceeds current installation capacity and threatens the future stability of the solar industry in Florida. US Representative Kathy Castor urged residents to act quickly to benefit from lower-cost solar energy for homes, businesses, and places of worship. Florida, ranked third nationally in solar industry installations, has seen over 20,000 solar panel systems installed, employing around 14,000 people. Industry leaders warn that after the tax credit expires, there could be a significant decline in demand, potentially jeopardizing local green energy businesses. Meanwhile, federal tax incentives for electric vehicles and home EV chargers also have approaching deadlines, prompting consumers to act swiftly to maximize savings and environmental benefits.

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