As of the last quarter of 2020, stats show that Texas is moving in to close the gap as a solar energy leader. While solar power still lags at 1.97% of the state’s power source, it has moved from the 6th largest state in solar installation in 2016 to 2nd in 2020 (only behind California). Nonetheless, projections indicate that Texas will add more than 20,000 MW of solar energy in 5 years. Considering that it’s the second most populous state, hundreds of thousands of Texas are now powered by solar energy.
First and foremost, you’d want to note that prices for solar panels have fallen a whopping 45% over the last five years. Texas data shows that the average solar installation cost in the state ranges between $11,000 and $16,000, depending on your home’s energy needs. Adding solar power storage batteries such as Tesla Powerwall can as well raise these costs. However, adding a solar PV backup battery gives you complete control of where you get your power. Furthermore, you can additionally offset your initial installation costs by taking advantage of different solar incentives available. Also, there are various financing options for you if you don’t have the total upfront costs to cover your solar installation.
The 26% federal solar Investment Tax Credit extension means that you can still enjoy these savings until 2025 and 22% in 2026. You’ll want to visit one of our previous blogs to learn how this incentive works.
Besides the ITC, Texas has local incentives, some of which depend on your utility company. Additionally, Texas’s renewable energy systems property tax exemption makes sure you don’t pay more taxes after your property increases value due to solar installation.
Moreover, some utilities offer net-metering programs which can help you further save with solar.
Go Solar Power’s vision is to help you leverage the full benefits of solar energy by making the switch smooth and remarkably crystal clear. Customers from the Lone Star State love our work. Whether it’s Tesla solar roof installation, solar panels installation, or adding a solar energy backup battery to your solar PV, we got you covered. We’ll evaluate your property’s electricity needs and tailor a unique solar system that will serve you efficiently. Contact us today to restore the control of your power to your hands and start using clean green energy.
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