15 Best Solar Companies in Plano, TX (Aug 2022 Review)

The Cost and Benefits of Solar in Plano

For lots of homeowners, the decision to invest in a solar energy system depends the most on the cost. Some significant things that determine how much it will cost and how much you could save include:

• Typical energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more benefits you'll see from switching to solar.
• Average daily sunlight: Since Plano gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• Your income and budget: This affects what model of solar panels you can afford.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $19,000 over 20 years with your system, too.

Although a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the angle of your roof and your energy consumption.

Solar Incentives in Plano

Although installing solar panels is typically a big investment, it can save you much money over the lifespan of your solar panels because of reduced utility bills and government incentives. These incentives typically take the form of cash rebates, tax benefits and/or solar renewable energy credits. They can cut the cost you pay for going solar by 26 to 50% in some cases. For detailed information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Plano

If you're thinking of adding solar panels to your home, one of the major reasons why may be to lower your carbon footprint. But how much can switching to solar actually affect the environment? The average person has a rather large carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions a year, and powering their home, it can be overwhelming to think about what to do. Installing solar panels is a simple thing you can do to help. In Plano, the average person can lower their carbon footprint by 80 pounds a year after going solar. If you want to do your part for the environment, you'll no doubt recognize that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.