18 Best Solar Companies in Allen, TX (Jul 2022 Review)

The Cost and Benefits of Solar in Allen

For many homeowners, whether or not to invest in solar energy boils down to the cost. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 26% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Typical energy usage: The more energy your household consumes on average and the greater your current energy bills are, the more money you could save by making the switch to solar.
• The amount of sunlight your house gets: Due to Allen's very high amount of average daily sunlight, you should be able to save a lot on your power bills.

So are solar panels worth it? Whether you'd like to reduce your electric bills, greenhouse gas emissions or both, solar panels are a solid investment for many Allen homeowners.

Solar Incentives in Allen

Although a solar power system is typically a big investment, it can save you a substantial amount of money over the lifespan of your solar panels because of lower utility bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other local rebates and benefits. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Allen

Making the switch to solar power is a powerful way to do what you can for a more sustainable future. You may be asking yourself — how much does going solar do for the environment anyway? Everyone can help the environment by switching to solar energy, but homes that consume more energy will have a greater impact. In Allen, the average household can reduce their carbon footprint by 80 pounds a year once they go solar. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.