Tax incentives and rebates

Montgomery homeowners can enjoy a 30% tax credit – against the cost of their solar system – by installing solar panels on their property. Additionally, qualified homeowners can benefit from local utility company solar rebates to reduce their initial costs further.

Boost property value

Installing solar panels on your property can qualify you for a solar energy system property tax exemption on appreciated home value. And with potential buyers willing to pay up to 4% more, solar panels can boost your property value while reducing your property taxes.

Long-term energy saving

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: 1,500 kW
2. Average electric rate: 9 ¢/kWh 
3. Average monthly bill: $132
4. Electricity bill over 25 years: $51,400
5. Solar system buyback period: 9.77 years
6. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $33,681

Additionally, Texas net metering initiative can help you save on utility bills in the short term.

Environment friendly

Embracing solar energy is a great way to lead a sustainable lifestyle. It can help reduce your carbon footprint and contribute towards Texas’s zero-emission goals.