17 Best Solar Companies in Cedar Park, TX (Oct 2022 Review)

The Cost and Benefits of Solar in Cedar Park

We understand that for most homeowners, the decision to invest in solar rests on installation costs. The cost of solar and the savings it generates vary depending on a few key factors such as:

• The amount of sunlight your roof gets: This, along with the configuration of your roof, affects affect how much power your solar panels can produce.
• How much energy your home consumes: Households that use a lot of electricity each month may call for more solar panels and, consequently, more upfront cost, but will also enjoy more savings over time.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your income and budget: This shapes what kind of solar panels you can afford.

Thanks to solar panels now being cheaper than ever as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Cedar Park

Although solar power is typically a $15,000 to $25,000 investment, it can save you a lot of money over many years because of smaller energy bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other local rebates and benefits. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Cedar Park

There are many reasons to switch to solar energy, like saving on electricity bills and helping to reduce your carbon footprint. A question many homeowners might be thinking about is how much can they really help preserve the environment by switching to solar power anyway? The more energy your family uses, the the more the environment will benefit from you switching to solar since you won't have to burn as many fossil fuels. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 80 pounds each year. As you can see, using solar power has so many other benefits beyond saving money. One of the major ones is that you can help save the planet too.