The Lone Star State currently ranks second nationally in terms of solar installations and leads the race regarding future installations.
That’s no surprise when one considers the climate-change-driven winter power outages of 2021, as well as the ever-decreasing price of solar installations over the last ten years.
Alternate energy solutions are the only answer for our global warming woes. Find out more about how to embrace this technology in Texas.
The Cost of Installing Solar Power in Houston
The average cost of solar in Texas is currently $2.73/W. That means you’ll pay between $11,000 to $15,000 for a 5kW system.
You can save on the costs associated with your installation thanks to the Federal Solar Tax Credit, or ITC (investment tax credit). This allows you to deduct 26% of your total installation cost from your 2022 taxes.
This decreases to 22% in 2023, and 10% in 2024, so it’s wise to act now if you want to install solar. You should also inquire about any local rebates on solar-related goods and services in your area.
In Texas, you won’t pay higher property taxes if your home’s value increases due to installing solar power either.
Benefits of Solar in Texas
Installing solar panels helps reduce harmful emissions, but they also help you save money on paying high utility bills every month.
If you take a solar loan to pay for your installation, you should have paid it off within 9 years. That means you can save around $30,000 over the 20-year lifespan of your solar panels.
When you bank your excess energy in a battery backup system, you’ve always got access to electricity. That means, in the event of a power outage, you’ll still have heat and light to ensure the safety and wellbeing of your family.
A solar panel installation adds enormous appeal to your home when you decide to sell it, too.
Your Solar Power Options in Texas
Solar panel installers in Texas can arrange and carry out your solar installation within two months, and even give you 18 months of free solar power to get you started.
Although Texas has no net metering policy, major energy companies in Houston do offer this benefit.
That means you can still use grid energy when needed. They’ll purchase your excess solar power from you at full price and credit your electricity bill accordingly.
You may also choose to go off-grid with your solar installation and never pay an electricity bill again. You’ll pay more for a solar installation to service all your energy needs, but it’s possible to start small with net metering and work toward grid independence.
Other Alternate Energy Solutions
While solar power is the obvious choice in a sunny state like Texas, there are alternatives. Other alternate energy solutions in Texas include wind power, geothermal systems, and biofuels.
Whichever one of these you select, you can rest assured you’re taking positive steps toward ensuring a healthy, prosperous future for everyone.
If you’re the type of person who likes to explore their options, you’ll love our blog. Keep reading to find out more about your possibilities for a better, healthier life.