Long-term energy savings

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

1. Electricity rate: 13.0 ¢/kWh in Spring.
2. Average monthly bill: $197 for a household consuming 1,515 kWh.
3. 25-year cost: $76,700 over 25 years (not assuming the inflation and increase in electricity rate).

Setting up solar panels provides homeowners with a way to reduce costs and receive credits on their bills through initiatives such as the TXU Energy Home Solar Buyback Plan, which compensates for any excess electricity generated by the solar panel setup. Across a 20-year period, one can anticipate savings of approximately $37,453 on electricity costs.

Environment friendly

Solar energy is an abundant and environmentally friendly resource that produces sustainable energy, diminishing our reliance on fossil fuels, reducing pollution, and fostering long-term environmental benefits. As a consumer, your decision to go solar is crucial in mitigating the effects of climate change.

Cost-effective tax incentives and rebates

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

1. Up to 30% tax credit under the Inflation Reduction Act (IRA).
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

The value of your property in Spring, TX, can potentially increase by up to $20 for every dollar saved through solar panel energy efficiency. Prospective homebuyers are willing to pay an extra 4.1% for homes equipped with solar panels.