11 Best Solar Companies in Red Oak, TX (Mar 2023 Review)

The Cost and Benefits of Solar in Red Oak

We get that for lots of homeowners, the decision to invest in solar hinges on installation costs. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can use. Additionally, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.
• Electricity consumption: The average home in Red Oak uses a lot of energy, and as a result may see more savings on electricity bills than other places.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on electricity bills than a roof that gets a lot of sunlight.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your solar panel system and your current power bills.

Solar Incentives in Red Oak

If you're thinking about making the switch to solar energy, a variety of government incentives and subsidies can drastically reduce the installation costs and expedite the return on your investment. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can benefit from to further save. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Red Oak

One of the best reasons to embrace solar energy is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. You may be asking yourself — how much do solar panels help the environment anyway? How much energy you use is a significant factor to think about. The more electricity your home uses, the greater your impact when you go solar. In Red Oak, the average person can reduce their carbon footprint by 80 pounds a year after going solar. If you want to do your part for the environment, you'll likely recognize that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.