Long-term energy savings

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

1. Electricity rate: 18.9 ¢/kWh in Huffman.
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: 9.06 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $28,685

Environment friendly

Residential and commercial solar panel installations in Huffman, TX, are an environment-friendly option as they can help lower greenhouse gas emissions. As a consumer, your decision to go solar directly affects the climate change.

Cost-effective tax incentives and rebates

Residents of Huffman, 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. Local utility company rebates for lowering the panel’s cost after installation.
4. Bill credits for excess solar power the residential solar installation generates.

Appreciation in the property value

Property value in Huffman, TX, can potentially rise by $20 for every $1 saved in energy bills through solar panels. Homebuyers in Texas are willing to pay an additional 4.1% for properties with residential solar panel installations.