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 Webster.
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 panels provide significant environmental benefits by harnessing the sun’s energy to generate electricity without emitting greenhouse gases or other pollutants. By reducing reliance on fossil fuels, solar power helps mitigate air and water pollution, contributing to cleaner air and water resources. Additionally, the use of solar energy plays a crucial role in combating climate change and promoting a more sustainable and environmentally friendly energy landscape.

Cost-effective tax incentives and rebates:

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

Appreciation in the property cost

Energy efficiency and sustainability of solar panels elevate the property value by up to $20 for every $1 you save. Potential home 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.