Residential Solar Savings
Solar Panels serve more than one purpose; not only do they provide substantial savings, but they’re better for the environment.
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There is not a more reliable energy source on earth than the sun. Investing in solar, puts your return on investment into on one variable… Will the sun rise in the morning. A financial investment into solar voids imported energy costs with can fluctuates dramatically and have seen a steady 3.8% rise annually for the past 30 years. Producing your own power takes the guess work out, moving to a reliable, sustainable and powerful source of energy that will generate power for a lifetime.
Net Metering
Net metering is a process of selling excess energy back to utility during the day, to void what you use a night. Thera are many various net metering programs in the state of Texas depending on your utility and electrical provider, but it all comes down to one factor… Every KWH sent back to that meter is a KWH the utility OWES YOU. Net metering turns your home into a exporter of power, and result can vary from reduced/eliminated electric bills to the utility owing you a check.
Federal Tax Credit
The One True Government Incentive
The ITC Federal Tax credit is a huge incentive towards your solar investment, as it is a dollar-for-dollar compensation of 30% of the total system cost. The tax credit goes against your tax liability, and is claimed the following year after installation. There are several examples of how the tax credit can be applied to different tax situations. Click the link below to watch a short video breakdown we common refer clients do to gain some perspective on the tax credit. (Note that at the time of filming, the tax credit was only 26% but is now 30%)
Increased Property Value
Solar systems can increase a home's value, with studies showing homes with solar systems selling for 3-4% more than comparable homes without them. This is also coupled the desirable aspect of moving into a home with significantly reduces utility costs and/or battery backup capable of protecting home form power outages.