18 Best Solar Companies in Frisco, TX (Oct 2022 Review)

The Cost and Benefits of Solar in Frisco

For a lot of homeowners, whether or not you should invest in a solar energy system boils down to the cost. The cost and possible savings vary depending on a few key factors such as:

• How much sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to produce as much energy, which will leave you with lower savings on energy bills than a roof that gets a lot of sunlight.
• The make and model of solar panels you're planning on getting: More efficient models are more expensive, so that will determine your budget for your solar project.
• Incentives: One thing 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 money on your power bills, which can lead to an average of $18,000 of savings over 20 years.
• How much electricity your home consumes: Households that need lots of energy each month may need more solar panels and, consequently, be more costly, but will also benefit more over time.

There are several wonderful benefits of solar in spite of the upfront cost of installation. It can help the planet and your wallet. In addition, it can raise the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Frisco

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can use to further save. The table below lists out the incentives you can take advantage of in Frisco.

Environmental Impact of Switching to Solar in Frisco

There are a few important reasons why many people want to invest in solar energy: to put more money in their bank account and to help the planet. But how much can installing solar panels actually affect the environment? The more energy your house uses, the better off the planet will be when you switch to solar since you won't need to rely on traditional energy sources as much. When you go solar, your carbon emissions can be reduced by about 80 pounds each year. If you care about the environment, you'll most likely understand that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.