Cost-effective tax incentives and rebates

Several rebates and tax credits are in place to promote the adoption of renewable energy. Different government levels, including federal, state, and local authorities, offer these incentives as long as you choose an eligible system. In League City, Texas, you can receive a generous 30% rebate on your taxes based on the installation cost of solar panels and solar property tax exemption on the appreciated home value.

Boost property value

Picking a solar power system for your homes and businesses in League City isn’t only good for nature but also a wise investment to make your property worth more. Research shows that places with solar panels in Texas sell for 4.1% more. This means having solar panels can raise the value of your house without increasing your property tax.

When you install solar panels in League City, you can start saving money right away. As you harness solar power, your electricity expenses decline while the value of your property rises, all without incurring extra taxes. This holds even if you’re repaying a loan, as the monthly loan cost is often lower than your power bill.

Long-term energy savings

You can save quite a lot in League City with the installation of a solar system. Here are some statistics to help you understand the long-term energy-saving potential of a residential solar panel installation:

1. Average monthly electricity consumption: 1,476 kW
2. Average electric rate: 14 ¢/kWh
3. Average monthly bill: $201
4. Average 25-year cost: $78,300 (not assuming the inflation and increase in electricity rate).
5. Solar system buyback period: 7.82 years
6. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $51,296

Moreover, solar setups usually produce more power than you consume. If you’re connected to the grid, you can send any extra energy back to the grid. The utility company offers credit for this power, lowering your power bill through the “net metering” initiative. This indicates that you can reduce or even eliminate your electricity bill with solar power. Moreover, you can get a refund for the power that you don’t use at the end of the year.

Environment friendly

Using solar panels is a great way to help the environment. When you go green, you pick clean energy that doesn’t lead to a lot of pollution. And the best part? Installation of solar panels doesn’t need drilling or fracking as it uses readily available sunshine to generate electricity.