It’s official, the holidays have come for Teco and Progress Energy, Power Companies in Florida. The Florida Public Service Commission has approved a whopping 25% rate increase for Progress Energy, This comes after a 3rd quarter earnings report of over 306 MILLION! A 12% increase across the board for Teco was approved as well, with a further increase possible in May.
It doesn’t just stop there either, Florida power and Light asked to raise their rates by over 7% in the coming year as well to cover “increasing energy costs” while crude oil prices have fallen to 50% of July prices!
These increases come at a time when many families are struggling with cut hours, lost jobs, mortgage problems and a weakened economy.
It’s time Floridian’s stop lining the pockets of these energy companies with their hard earned money. Luckily for Floridians there has never been a better time to actually DO something about this. A provision was added in The Emergency Economic Stabilization Act of 2008 A.k.a. “The Bailout Bill” that removed the $2000 cap on residential solar systems and extended the Investment Tax Credits.
What this means for Florida residents is that now the federal government will pay for up to 30% of the entire cost of having a solar energy system, Solar hot water or other qualifying renewable technology installed in your home or business though tax credits. To that Floridians can add our state’s generous incentive program which provides an amazing $4 PER WATT rebate on solar electric, $500 for Solar Thermal and even a $100 bonus for those who use a Solar pool heater (Which already has an extremely low pay back in as little as 1 year in some cases).
When we show people projections of how much their solar system will save, we show payback times and estimate a 5% increase in energy each year, it’s becoming more and more evident as time goes on that 5% is just too conservative, rates are increasing at a faster pace than anticipated and that isn’t likely to change anytime soon. Escaping the financial grip of the electric companies is just one reason for solar among many. Reducing carbon emissions, helping the environment, saving money, reducing our dependence on foreign oil and setting an example for your community are all important benefits of making the switch. Call us today to find out how you can!
www.SolarDirect.com/Learn
1-800-333-WARM (9276)
