Long-term energy savings

Solar power saves a significant amount in energy bills and, after a given time, pays for itself –

1. Electricity rate: 14 ¢/kWh
2. Average monthly bill: $198 for a household consuming 1,462 kWh.
3. 25-year cost: $77,100 over 25 years (not assuming the inflation and increase in electricity rate).
4. Average Solar system buyback period: 9.42 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $31,953 (assuming a 2.1% increase in annual rates and $0-down loan)

Environment friendly

Solar panels generate electricity without emitting greenhouse gases or pollutants. By harnessing sunlight, they reduce reliance on finite fossil fuels, conserve resources, and improve air and water quality. Solar energy also minimizes habitat disturbance and operates silently, offering a clean and sustainable energy solution for a healthier planet.

Cost-effective tax incentives and rebates

Residents of Highlands, Texas, are eligible for the following tax incentives and rebates on solar power installation –

1. Up to 30% tax credit under the Inflation Reduction Act (IRA).
2. Property tax exemption on the value the solar panel adds to your home.
3. Rebate to lower the panel’s cost after installation.

Appreciation in the property cost

Your property’s value in Highlands, TX, can rise by up to $20 for every dollar the solar panels save. Prospective homebuyers are willing to offer an additional 4.1% for properties equipped with solar panel systems.