11 Best Solar Companies in Elgin, TX (Mar 2023 Review)

The Cost and Benefits of Solar in Elgin

When picking a solar company, most homeowners or business owners think about the costs the most. The cost and possible savings vary depending on a few important factors such as:

• The type of solar panel system you can purchase: This hinges on how much you're willing to invest upfront.
• Energy consumption: Solar may be too steep of an investment for households that don't consume too much energy per month.
• Your city: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your power bills, which can result in an average of $19,000 of savings over 20 years.

Although a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and incentives.

Solar Incentives in Elgin

One of the great things about installing a solar panel system is earning incentives from the government. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Elgin

Lots of people want to do their part to help protect the environment, which often is the main reason for installing a solar system. You may be trying to figure out — how much does going solar do for the planet anyway? If your household uses a lot of energy, you can have an even greater impact on the planet by switching to solar energy. While solar panel production emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Elgin, you can reduce your carbon footprint by 80 pounds a year with solar panels. Since solar power is abundant and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help preserve the environment.