Tax incentives and rebates

The upfront cost to install a solar panel system is one of the biggest obstacles for homeowners trying to go solar in Tomball. But you can reduce your costs of solar panels, battery equipment, and installation labor with the help of a 30% federal tax credit and local utility company solar rebates.

Boost property value

The value of energy-efficient properties increases by almost $20 for every $1 saved on energy bills, and prospective buyers are willing to pay 4.1% more for energy-efficient homes. And with Texas’s solar energy system property tax exemption, you can also lower your property taxes.

Long-term energy savings  

Solar panels can save you a significant amount, and after a certain period, they pay for themselves. Here are some numbers to shed light on long-term energy savings with solar panel systems:

1. Average monthly electricity consumption: 1,852 kWh
2. Average electric rate: 12 ¢/kWh 
3. Average monthly bill: $216
4. Average solar system cost: $2.4/W
5. Solar system buyback period: 10.58 years
6. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $63,700 (assuming a 2.1% increase in annual rates and $0-down loan)

Also, initiatives like solar buyback and net metering can help lower your energy bills by earning bill credits against the excess electricity your solar panels produce.

Environment friendly

Solar panel systems are inherently environment-friendly, allowing you to rely on a sustainable energy source for your electricity needs. This way, you can contribute toward Texas’s net-zero goals while reducing your carbon footprint.