Does Going Solar Make Sense In Texas?
Yes, there are a number of reasons why going solar definitely makes sense in Texas: it’s a smart financial decision, it’s great for the environment and future generations, it can increase your home resale value, you can use sunlight to power an electric car…
Scroll down to learn why NOW is the best time to install solar panels on your Texas home.
Going Solar Makes Sense In Texas - Here’s Why
Solar energy you create is electricity you don’t have to buy
With solar energy as your primary source of electricity during the day, you can reduce or completely eliminate your power bills. Solar panels are comprised of photovoltaic (“PV”) cells, which convert sunlight to electricity. Solar energy that you create is electricity that you don’t have to buy from the utility company. Click to view the Wells Solar Portfolio of Solar PV Systems Installed Across Texas.
The numbers pencil out, finally!
You can go solar for $0 down and save money each month. That’s right, thanks to historic low interest rates and new solar finance programs available in Texas, powering your home from solar panels is a smart financial decision.
Most Wells Solar customers are able to trade their power bills for solar savings. We aim to create a solar power system that will generate 100% of the electricity used within your home.
26% Solar Tax Credit Countdown
Plus, tax credits for solar are winding down and will totally expire in the next few years. Through the end of 2020, the U.S. federal government offers a 26% tax credit to Texas homeowners who install solar panels.
And for people who don’t have the taxable income to qualify for the solar tax credit, Power Purchase Agreements (PPAs) allow you to rent your roof space to a 3rd party and lock-in lower power bills.
The numbers for going solar in Texas pencil out, and it’s a no-brainer to add solar to your home (or business) regardless of which financial program you choose.
Self-reliance is peace of mind
There’s something so ‘Texan’ about producing your own energy, and adding a solar power plant to your roof or acreage allows you to lock-in stable electricity rates over time. Wells Solar offers a 25-year warranty on residential solar panel installations, so you’ll have peace of mind for many years to come!
Additionally, technology has improved over time and now you have the ability to add batteries into your system, like the Tesla Powerwall, to be 100% self-reliant day and night!
Solar powered homes are worth more money
According to a recent study conducted by the U.S. Department of Energy’s Lawrence Berkeley Laboratory, homebuyers are “consistently willing to pay PV home premiums” of approximately $4 per watt of installed solar capacity. For an average 6-kilowatt solar PV system, this means that solar can add $24,000 to your home’s resale value!
Statewide property tax exemption for solar
Property tax exemptions allow homeowners to exclude the added value of a solar system from the valuation of their property for taxation purposes. This exemption makes it more economically feasible for a taxpayer to install a solar system on a residential property.
The Texas property tax code allows a 100% exemption “in the amount of the appraised property value increase arising from the installation of a solar power system.”
Going solar is great for the environment, too
In addition to being great for your wallet, going solar is also great for the environment. Solar power is often referred to as “clean energy” because it’s 100% emission-free. There’s a popular industry joke that, “A massive solar energy spill is just called a nice day.”
Solar power has zero greenhouse gas emissions and is a renewable resource, meaning it replenishes itself. And unlike nuclear & fossil fuel-based power plants, which consume substantial amounts of water in cooling towers, solar requires zero water.
Solar ‘net metering’ is offered by many Texas utilities
With net metering, you’re credited a 1-to-1 rate for the solar energy you sell back to the grid. The same rate that you’re charged to buy electricity is used to credit your account for excess energy production. Learn more by reading about Solar Buybacks, Rebates & Incentives in Texas.
Green fuel source for electric cars
Finally, along with the growing popularity of all-electric vehicles like the Tesla Model 3, Nissan Leaf, and Chevy Bolt, going solar allows you to create a ‘green energy fuel station’ to charge an electric car at home. You can power an electric vehicle with solar and “drive on sunshine” for 100% clean transportation!
Get a Free Solar Savings Analysis in Texas!
About Wells Solar
Founded in 2014 in Austin, Wells Solar & Electrical Services is a family-owned establishment committed to installing high-quality solar power solutions that everyone can afford. The company also offers a full suite of solar panel service, maintenance and repair to ensure your solar investment provides the maximum return over its 25-year warranty.