16 Best Solar Companies in Live Oak, TX (Aug 2022 Review)

The Cost and Benefits of Solar in Live Oak

For a lot of homeowners, the decision to invest in solar panels depends the most on the cost. The cost of solar and the savings it generates vary depending on some important factors such as:

• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. In addition, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.
• How much electricity your household consumes: Homes that consume lots of electricity each month may call for more solar panels and, therefore, be more costly, but will also save more on their energy bills over time.
• Your home's orientation toward the sun: This, and the configuration of your roof, affects affect how much power your solar panels can generate.
• Choice of solar panels: The type 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 you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the size of your house and incentives.

Solar Incentives in Live Oak

In an effort to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economical and accessible. These incentives typically consist of cash rebates, tax breaks and/or performance-based incentives. They can cut the cost you pay for going solar by 26 to 50% in some cases. Take a look at the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Live Oak

If you're considering adding solar panels to your home, one of the primary reasons why may be to lower your carbon dioxide emissions. You may be asking yourself — how much do solar panels help the planet anyway? The amount of energy you use is an important factor to consider. The more power you use, the larger your impact when you go solar. When you go solar, your carbon footprint can be cut by about 80 pounds each year. The advantages of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with committing to solar.