Long-term energy savings

A residential solar panel installation helps save a significant amount in energy bills and, after a given time, pays for itself –

1. Electricity rate: 18.9 ¢/kWh in Fresno.
2. Average monthly bill: $225 for a household consuming 1,250 kWh.
3. 25-year cost: $67,500 over 25 years (not assuming the inflation and increase in electricity rate).
4. Solar system buyback period: 8.25 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $33,813

Environment friendly

Residential and commercial solar panel installation in Fresno, TX, can help lower greenhouse gas emissions. As a consumer, your decision to go solar is crucial in mitigating the effects of climate change.

Cost-effective tax incentives and rebates

Residents of Fresno, Texas, are eligible for the following tax incentives and rebates on residential solar panel installation –

1. Up to 30% tax credit under the Inflation Reduction Act (IRA).
2. Property tax exemption on the value the solar panels add to your home.
3. Rebate from local utility companies for lowering the panel’s cost after installation.
4. Utility bill credits under the TXU Energy Home Solar Buyback Plan.

Appreciation in the property value

The value of your property in Fresno, TX, can potentially rise by $20 for every $1 a solar panel system helps you save in energy costs. Homebuyers in Texas are also willing to pay an additional 4.1% for properties with solar panel installations.