Long-term energy savings

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

1. Electricity rate: 14.0 ¢/kWh in Texas.
2. Average monthly bill: $198 for a household consuming 1,462 kWh.
3. 25-year cost: $59,400 (not assuming the inflation and increase in electricity rate).
4. Average Solar panel system payback period: 8.40 years.
5. Average 20-year savings: $38,907.

Environment friendly

Solar panel installations for residential and commercial applications in Shiro reduce greenhouse gas emissions and contribute to climate conservation.

Cost-effective tax incentives and rebates

Residents of Shiro, Texas, are eligible for the following tax incentives and rebates on solar power installation –

1. Inflation Reduction Act (IRA): Up to 30% tax credit.
2. Property tax exemption on the value the solar panel adds to your home.
3. Rebate to lower the panel’s cost after installation.

Appreciation in the property cost

Property value in Shiro, TX, can potentially rise by $20 for every $1 saved by solar panels. New homebuyers in Texas are willing to pay an additional 4.1% for properties with solar panels.