Texas is a sunny state. Theoretically, installing solar panels is ideal since you get plenty of sunlight, saving electricity costs. However, before you invest, you should ensure that it is the right choice for your home.
Solar panels are worth it in Texas due to the:
- Reduced energy costs
- Access to lower taxes
- Solar incentives
- Increased property value for your home
- Solar is a clean, renewable energy source
- You will not experience power outages
Installing solar panels is expensive, and you should weigh the pros and cons to get the best deal. If you are wondering where to start, this article gives you all the necessary information.
What Are the Benefits of Installing Solar Panels In Texas?
With the rising cost of living and awareness of environmental conservation, it seems like the right time to invest in solar energy. Let’s look at why solar panels are a worthwhile investment for you.
Great Source of Renewable Energy
Solar is a clean and infinite energy source you can use to power your home.
In addition, using solar energy helps conserve the environment since there are no harmful emissions, reducing global warming.
Save On Energy Costs
One of the most significant benefits of solar energy is lower electrical costs since you can use it to power your home. While the initial installation cost is high, you will significantly save in the long run.
In addition, you will not experience any interruption in case of a power outage.
Enjoy Tax Credits and Solar Incentives
Installing solar panels in Texas has additional financial incentives that reduce the overall cost.
- Nex metering: Nex metering is a solar incentive that allows an agreement between the customer and electricity providers where you can receive credit on your power bill for any surplus solar power you produce.
- Federal tax credit: The federal government has great incentives for homeowners that install solar systems. You can claim up to 23% of the solar installation expenses through the investment tax credit (ITC).
- Local rebate programs: While you will not get these incentives in the entire state, many local governments offer solar tax credits. In addition, you can find a local rebate program by your utility company when installing solar panels and get a great deal.
Now, let’s see the next benefit.
Increased Home Value
If you install bought solar panels, you will increase your property value by up to 4%. However, home value does not increase if you lease the panels or sign a power purchase agreement.
Exemptions On Property Tax
Installing a solar energy system qualifies you for a tax exemption equal to its appraised value. What’s more, you enjoy this exemption on installation cost and value of the panels in all properties.
What Should I Consider Before Installing Solar Panels In Texas?
If you live in Texas, converting to solar energy seems like a no-brainer. However, you should assess your home and ensure it is the right fit. Let us look at some things you should consider.
Your Average Monthly Electricity Cost
You should determine your average monthly household electricity usage, which will help you calculate the number and size of solar panels you need.
Add up the electric bill for the past year and divide them by twelve to know your estimated energy needs.
The Number of Peak Sun Hours That Your Roof Receives
While Texas generally receives an average of 204 hours of sunlight annually, you should evaluate the specific amount of sunlight your roof receives.
Since the energy produced depends on the Sun reaching the solar panel, it is essential to ensure that you get plenty of sunlight for maximum efficiency.
You can install a sun meter to determine the peak hours you get on your property.
Ideally, you should observe the meter over several seasons to determine if the solar panels will run efficiently year-round.
Additionally, ensure that your roof is facing the south or west to get the maximum sunlight.
Is Your Home Under a Shade?
You should consider whether your property has trees or tall buildings obstructing sunlight.
The shade affects solar panel efficiency since they should receive at least five hours of maximum direct sunlight during peak hours.
You should consider clearing trees around the home or reconsider if the shade from tall buildings makes the conversion less valuable.
Cost Of Installation
You should consider the initial cost of installing solar panels. However, you determine the overall cost by the brand and quality of panels, installation company, and size of the panel system.
Additionally, a complex roof may result in a difficult installation which is more costly.
Solar panels are an excellent way to save costs and reduce your carbon footprint with minimum maintenance costs.
While the payback period takes years, the lifelong benefits make the investment worth it. In addition, you can take advantage of the rebates and tax incentives to lower your initial expense.