Long-term energy savings

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

1. Electricity rate: 14 ¢/kWh in Santa Fe.
2. Average monthly bill: $177 for a household consuming 1,305 kWh.
3. 25-year cost: $68,800 over 25 years (not assuming the inflation and increase in electricity rate).
4. Solar system buyback period: 10.71 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $52,100 (assuming a 2.1% increase in annual rates and $0-down loan)

Environment friendly

Solar energy has a low impact on the environment and greenhouse gas emissions, making it an environment-friendly option. It cuts carbon emissions, 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 sustainability and energy efficiency of solar panels elevate the property value by up to $20 for every $1 you save. Buyers are willing to pay 4.1% more for homes with solar panels. By using the solar tax exemption, you can also lower the initial investment.