Electricity costs in Texas are over 6% cheaper than the national average.
Yet, as the great blackout of 2020 proved, these savings come with hidden costs. As these incidents showed, keeping costs low by minimizing repairs to the grid isn’t a good way to save the consumer money.
Sustainable energy is the only way to save on your electricity costs if you live in Texas or any place in the world. Keep reading to find out more about solar power and solar panel rebates in Texas.
Is Texas a Good Place for Solar Power?
Texas, along with California and North Carolina, is among the top three solar-energy-producing states in the USA.
The state enjoys a sunny climate, with over 230 cloudless days annually. That’s almost a full month of sunny days more than the national average.
What’s more, frequent power outages in Texas mean homeowners are turning to solar as a convenient way to keep their homes and businesses up and running reliably.
Solar Panel Rebates in Texas
Solar panel installation is an expensive undertaking, involving an initial outlay of around $15,000. Yet, you can get some of your money back when you invest in solar in the Lone Star State.
That’s because Texas offers the following attractive solar panel rebates for homeowners who install solar power:
Anyone who commences with a solar installation in the USA before the end of 2021, can deduct 26% of the cost from their annual tax return. This applies to the cost of the entire installation, including labor and all equipment.
This incentive drops to 22% next year, so that’s reason enough to get started as quickly as possible.
Solar Property Tax Exemption
When you implement energy-saving equipment in your home, you automatically increase its value, and so does the amount of property tax you need to pay.
In Texas, you won’t pay property tax on the extra value that solar installations add to your home.
There aren’t any fixed rules regarding net metering in Texas, but the state encourages power companies to offer this service. With net metering, you keep your solar installation connected to the grid and feed any excess power back to your power company.
In return, you’ll pay reduced rates for any electricity you use from the power company or receive a credit on your electricity bill from them. Many electricity providers offer net metering in Texas, so search for the best rates before you commit.
Net metering can help you pay the costs associated with installing solar quicker.
Several municipalities offer their own incentives for homeowners who have solar installations, too. For instance, Austin Power will give you $2,500 back on the cost of your solar panels.
There’s bound to be a power provider near you offering similar savings.
According to Blue Raven Solar, you could save thousands with these solar panel rebates in Texas.
Going Solar in Texas
Thanks to all these solar panel rebates in Texas, there’s nothing to stop you from installing solar panels in the Lone Star State. According to the Texas Solar Rights Law, not even your HOA can prevent you from enjoying the perks of sustainable energy.
Would you like to find out some more things we bet you didn’t know? Explore our website for the best information on how to make the most of modern-day living.
Article Submitted By Community Writer