14 Best Solar Companies in Midland, TX (Mar 2023 Review)

The Cost and Benefits of Solar in Midland

While solar panels can help save you a good amount of money on energy over time, it's important to take into consideration the upfront costs. Some key factors that affect how much it will cost to install a solar panel system on your home and how much it could save you over time include:

• The kind of solar panels you're planning on getting: More efficient panels are more highly priced, so that will affect your budget for your solar project.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $21,000 over the first 20 years with your solar panels, too.
• Your household's power bills: Due to very high monthly energy bills in Midland, you could save about $1,500 a year with solar.

So are solar panels worth it? Whether you're trying to reduce your energy bills, carbon dioxide emissions or both, solar panels are a solid investment for many Midland homeowners.

Solar Incentives in Midland

If you're considering switching to solar power, a number of government incentives and solar rebates can greatly bring down your project costs and speed up the return on your investment. These incentives typically include cash rebates, tax benefits and/or solar renewable energy credits. They can reduce how much you pay for installing solar panels by 30%, upwards of 50% in some cases. Take a look at our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in Midland

Many want to do their part to help protect the planet, which in many cases is the primary motivation to install solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Midland, though. How much energy you use is a significant factor to think about. The more power your household consumes, the greater your impact when you switch to solar energy. Although solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Midland, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since energy from the sun is renewable and produces electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the environment.