Return on Investment

The average monthly residential bill in Texas is $186 for a household consuming 1,374 kWh. Over 25 years, the cost equals $72,600 (excluding inflation and increase in electricity rate). Solar panels can help homeowners not only reduce these costs but in certain cases also receive bill credits – under TXU Energy Home Solar Buyback Plan – on the excess power from the solar panel system installation.

Tax Credits and Rebates

A federal tax credit of 30% on the cost of residential and commercial solar panel installation is available to the owners.

Enhanced Resale Property Value

For every dollar saved on energy bills, energy-efficient homes see a $20 increase in value. For example, an annual electricity saving of $400 can lead to an $8,000 uptick in your home’s worth. Moreover, homes equipped with solar panels attract buyers willing to pay nearly 4.1% above the market value.

Environment Friendly

Solar panels are eco-friendly, capturing clean and sustainable energy without releasing greenhouse gases. Their limited land footprint, minimal lifecycle carbon emissions, and recyclable materials promote practices aligned with sustainable energy.