Through years of fossil fuel consumption, we’ve damaged our ozone layer extensively. This has led to climate change, which presents itself in multiple ways. Today, we see longer periods of drought, shorter growing seasons, higher intensities of extreme weather, shrinking ecosystems, and more.
Homeowners around the US can benefit from installing solar panels on their homes. They can take comfort in the knowledge that they’re doing something to help the planet.
However, Texas solar incentives make it even more rewarding to invest in this type of green, renewable energy. Want to know more?
Keep reading for everything you need to know about Texas solar rebates, incentives, and more.
Home Energy Savings
Some of the best solar incentives in Texas can be found by monitoring your utility costs. Installing a home solar system can completely eliminate your electricity bill.
Over the year, you can save well over $1,000. While this may not seem like a lot compared to your costs, imagine how much you’ll save after several decades. Your savings in your electricity bills alone will pay off your system in just over a decade.
Visit blueravensolar.com/texas/top-solar-panel-installer-in-el-paso/ to learn more about how much you’ll save.
Federal Tax Credits
Texas solar incentives and rebates include the federal tax credits you’ll gain access to after making the switch to green energy. Fossil fuels are running out and Uncle Sam appreciates homeowners who take a green energy initiative to preserve these valuable resources.
As of right now, you can get 26% of your solar costs back through tax credits. Let’s say you spend $18,000 on solar panels, batteries, and inverters for your home. By claiming these expenses on your taxes, you can get $4,680 back.
Property Tax Exemptions
When you invest in solar panels for your Texas home, you can see as much as a 4.1% increase in your equity. If your home is valued at $300,000, it could be worth as much as $312,300 after the transition to solar energy.
One of the most attractive solar incentives in Texas is that homeowners aren’t penalized for this added equity on their property taxes. You won’t have to pay higher taxes because your home is worth more after installing solar.
Net metering is one of the best Texas solar incentives because it rewards homeowners with free energy. The amount of solar energy you generate throughout the year will vary based on the time of year, cloud coverage, etc.
During periods of high sunlight, you’ll generate excess energy you don’t need. You can sell this to the local power company through net metering in exchange for energy credits. Then, during periods of low sunlight when you need to rely on the power company for electricity, you can use these credits to avoid spending extra money.
Ready to Enjoy These Texas Solar Incentives
There are few homeowners in America who wouldn’t benefit from solar energy. In the long run, every single person on the planet benefits every time someone chooses green energy. If you’re ready to enjoy the Texas solar incentives listed above, get in touch with a local solar provider.
For more information on going green, improving your home, or living a more compassionate life, we’re here for you. Before you go, take a look through the rest of our blog to find more articles that can provide valuable insight.