11 Best Solar Companies in Mckinney, TX (Jan 2023 Review)

The Cost and Benefits of Solar in Mckinney

Although solar panels can save you money on energy over time, it's important to consider the startup costs. There are several factors you should consider when determining costs and your potential savings, such as:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. In addition, you can save about $19,000 over 20 years on your utility bills, without incentives.
• The amount of sunlight your roof gets: This, along with how your roof is set up, affects affect how much power your solar panels can make.
• How much electricity your household consumes: Households that consume a lot of electricity each month may require more solar panels and, consequently, more upfront cost, but will also enjoy more savings over time.
• The type and model of solar panels you're planning on getting: More efficient panels are more costly, so that will shape your budget for your solar project.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Mckinney

Although solar power is typically a large investment, it can save you a significant amount of money over many years because of lower utility bills and government incentives. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some local 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 learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Mckinney

There are tons of reasons to make the switch to solar power, like saving some money on electricity bills and helping to reduce your carbon footprint. But you may be wondering — how much exactly can you help by making the switch to solar? The more power your family uses, the the more the environment will benefit if you switch to solar since you won't have to rely on traditional energy sources as much. In Mckinney, the average household can lower their carbon footprint by 80 pounds a year once they go solar. If you want to do your part for the environment, you'll likely find that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.