17 Best Solar Companies in Richwood, TX (Oct 2022 Review)

The Cost and Benefits of Solar in Richwood

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to set up your system. The cost and possible savings vary depending on a few important factors such as:

• The make and model of solar panels you're thinking of getting: Higher-efficiency panels cost more, so that will shape your budget for your solar project.
• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• Typical energy usage: The more energy your household uses on average and the larger your current energy bills are, the more benefits you'll see from switching to solar.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $20,000 on your electricity bills over 20 years excluding incentives.

So is installing solar panels worth it? Whether you're trying to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Richwood homeowners.

Solar Incentives in Richwood

Although solar power is typically a large investment, it can save you a considerable amount of money over time because of smaller power bills and government incentives. On top of the federal tax credit incentive, there are also some local benefits, which in the majority of cases, stack with the federal incentive, so you get to save even more. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Richwood.

Environmental Impact of Switching to Solar in Richwood

Installing solar panels can have a meaningful impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Richwood, though. Regardless of your location, you can help save the planet by switching to solar energy, but homes that consume lots of energy will have a bigger impact. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.