A Glance at the New Year
2021 is quickly approaching and with everyone’s hopes set for a brighter future we see a landmark year for solar in Texas. Get ahead of the curve and find out why Wells Does Solar Better™ by contacting the #1 Solar Panel Installation Company in Texas.
Rising energy costs are nothing new. Homeowners have seen prices increase year after year and by the end of 2021 residential electricity prices are expected to increase by 2.8 % according to Statista research. Retail electricity is expected to follow a similar trend.
In a sunshine abundant state like Texas, this means renewable energy will become the cheapest source of electricity in the long term. Starting now is crucial to maximizing your savings. Congress recently passed an extension to solar investment tax credits meaning all market segments’ credit percentages will remain at 26% through 2022.
Updated: Dec 28, 2022
Capital spending on solar is expected to exceed upstream oil and gas for the first time ever in 2021. With an ambitious new climate plan being drafted and a global shift towards sustainable renewable energy, solar is expected to beat out hydrocarbons.
Solar Photovoltaics (PV) generation costs are expected to drop by 82% while becoming 25% of the total energy supply. This news has caught the attention of developers and pointed it directly to Texas.
On Wednesday Nov, 18 2020, Chicago-based Invenergy announced plans to construct the largest solar farm in Texas. The 1,310-megawatt project located in northeastern Texas will support five major consumer brands and supply power to three Texas municipalities including the Denton, Bryan, and Garland, TX. The full project is expected to be completed by 2023, support 600 jobs over the course of it’s 36-month completion, and power nearly 300,000 American households.
New utility-scale solar is poised to push much of the remaining coal-fired power fleet across Texas into retirement in the next few years, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The report – Solar Surge Set to Drive Much of Remaining Texas Coal-Fired Fleet Offline – describes the increasing vulnerability of coal plants across the power-generation market managed by the Electricity Reliability Council of Texas (ERCOT), an area that covers most of the state. It sees upward of 70% of daytime coal-fired generation in ERCOT being at risk by 2022.
The Top Solar Contractors list is developed each year by Solar Power World to honor the work of solar installers big and small. Solar firms in the utility, commercial and residential markets are ranked by number of kilowatts installed in the previous year. Companies are grouped and listed by specific service (developers, electrical subcontractors, EPCs, installation subcontractors, rooftop installers), markets and states. Wells Solar & Electrical Services achieved a rank of 139 out of 407 companies!
Sunnier days are on their way. Be prepared. Capture the sun and turn your roof into savings. Sign up and we’ll help make the switch easy and hassle-free – all for $0 down.
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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. Thanks to special solar programs available in Texas, you may be able to trade the money you’re spending on power bills for a solar finance payment and realize net savings each month! Visit the Texas Solar Programs page to learn more or give us a call at 1-833-TX-WELLS!