Long-term savings

A solar panel saves a significant amount on your utility bill and pays for itself after a certain period.

1. Electricity Rate: 14 ¢/kWh in Navasota, TX
2. Average Monthly Bill: $203 for a household consuming 1,500 kWh
3. 25-Year Cost Equals: $79,100 over 25 years (excluding increase in electricity rate over the years)
4. Solar system buyback period: 12.49 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $59,900 (assuming a 2.1% increase in annual rates and $0-down loan)

Federal investment tax credit (ITC)

The federal government offers a 30% tax credit on the installation cost of commercial and residential solar panels. 

Increase your property value

Energy-efficient homes see a boost in value of nearly $20 for every $1 saved on energy expenses, and potential buyers express a willingness to pay an additional 4.1% for such properties. Furthermore, by taking advantage of Texas’s property tax exemption for solar energy systems, you can effectively reduce your property taxes.

Environment friendly

Harnessing solar panel systems supports environmental sustainability, enabling you to depend on a renewable energy source for your electricity requirements. By doing so, you actively contribute to Texas’s net-zero objectives and simultaneously decrease your carbon footprint.