15 Best Solar Companies in Mineola, TX (Sep 2022 Review)

The Cost and Benefits of Solar in Mineola

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to install your panels. The cost of solar and the savings it generates vary depending on a few key factors such as:

• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on energy bills than someone with a roof that gets a lot of sunlight.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Plus, you can save about $18,000 over 20 years on your utility bills, without incentives.
• Choice of solar panels: The kind of solar panels you are interested in getting 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much power your household needs: If your household uses a lot of energy, you'll benefit more from installing solar panels.

So is buying solar panels worth it? Whether you hope to lower your energy bills, carbon emissions or both, solar panels are a solid investment for many Mineola homeowners.

Solar Incentives in Mineola

If you're planning on switching to solar energy, a variety of government incentives and tax credits can immensely bring down the installation costs and speed up the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. In the table below, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Mineola

Many want to do what they can to help protect the environment, which in many cases is the primary reason they're interested in installing a solar system. But how much can installing solar panels actually affect the environment? The amount of energy you use is a key factor to consider. The more energy you use, the greater your impact when you go solar. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. The benefits of solar power are plentiful — just like solar power is! That's why so many Mineola residents have been happy with using solar energy.