Long-term energy savings

On average, residents of Missouri City pay $223 per month toward the electricity bill, totaling $2,676 annually. It is 26% higher than the national average of $2,129 per year. Given the rate of 13 cents per kWh, an average resident consumes 1,680 kWh per month.

At this rate, you will spend approximately $86,900 over the next 25 years if the price per unit remains the same. A continuous drop in the costs of solar panels and the state and federal government support will significantly reduce this electricity bill for an average household. A 5-kW solar panel will typically break even your investment in 9.98 years in Missouri City, after which you do not owe anything toward the electricity bills. If you pay for the system in cash, you save about $30,859 over the next 20 years. This is before you factor in the federal and state tax benefits on solar power.

Cost-effective tax incentives and rebates

Residents of Missouri City are eligible for a 30% Federal investment tax credit (ITC), which lowers the cost of your solar equipment and energy costs.

Once you have the solar panels up and running, you are eligible to have a net metering agreement with the utility company wherein they take your surplus energy and refund a percentage of the value.

Environment Friendly 

Solar energy has benefits beyond monetary savings. It is a carbon-neutral energy source with minimal impact on greenhouse gas emissions. If every household in Missouri City installs a solar panel, it will bring down the use of natural gas (~59%) and coal-powered (~38%) electricity.