Almost 2 million people voted to allow tax breaks for solar and other energy saving devices in August. That amendment becomes effective in the new year as reported by News4Jax but lawmakers must also act to make the savings a reality.
Amendment 4 said both businesses and homeowners can’t be taxed for the value of the improvements to their property or for the value of the solar system. Voters approved a similar homeowners only amendment in 2008. It took lawmakers five years to put the tax breaks in place.But even with the past history, industry experts say that Amendment 4 is already having a positive effect on the solar industry.
Kim Ross of Rethink Energy Florida said:
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Completing this poll grants you access to Shark Tank updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.I think in five years, we’ll see a lot more solar on rooftops in particular.
The growth is creating another problem: Scarce labor. Solar contractor Al Simpler said when incentives went away years ago, installers left for brighter pastures.
It’s going to make a long-term difference, yes. We’re going to actually start bring people into Florida now to get trained in the solar business.
Having too much business is a problem many business owners would like to be dealing with every day.
Solar advocates are not worrying that big utilities which tried and failed to pass what was dubbed the shady solar amendment this year will try to delay lawmakers action on the tax breaks. But that advocates said they will be watching closely.