Long-term energy savings

Solar power saves a significant amount in energy bills and pays for itself after a given time. Currently, a Richmond resident incurs an approximate cost of $235 for a household using 1,701 kWh, marking a 25% increase compared to the national average electricity bill of $2,265. Over the ensuing 25 years, the total sum escalates to $91,500 (without factoring in inflation or potential electricity rate hikes). The ostensibly modest monthly electric expense gradually compounds over time. Solar requires no upfront cost and minimizes or in some cases eliminates energy bills for the subsequent 25 to 30 years.

Environment friendly

Solar energy has a low impact on the environment and greenhouse gas emissions, making it an environmentally friendly option. It cuts carbon emissions, thus contributing to a greener environment.

Cost-effective tax incentives and rebates

Texas offers its residents up to 30% federal solar tax input credit against the installation cost of the system under the Inflation Reduction Act (IRA).

Appreciation in the property cost

The property value increases by $20 for every $1 saved, thanks to the energy efficiency and environmental sustainability of solar panels. Potential homebuyers pay an additional 4.1% for properties equipped with solar panels.